Minimum DSCR Threshold definition

Minimum DSCR Threshold with respect to any Calculation Date, a Debt Service Coverage Ratio of 1.05:1 or greater.
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Minimum DSCR Threshold means a Debt Service Coverage Ratio of 1.05 to 1.00 for measurement made at the end of any Calendar Quarter.
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Examples of Minimum DSCR Threshold in a sentence

  • So long as no Event of Default exists, a Cash Trap Condition occurring due to a Debt Service Coverage Ratio of less than the Minimum DSCR Threshold shall be deemed cured if the Properties achieve a Debt Service Coverage Ratio of not less than the Minimum DSCR Ratio for two consecutive Calendar Quarters after the occurrence of the Cash Trap Condition, measured at the end of each such two consecutive Calendar Quarters (each a “Cash Trap Cure”).

Related to Minimum DSCR Threshold

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and