Operating DSC definition

Operating DSC. ’ or ‘‘ODSC’’ shall mean Operating Debt Service Coverage calculated as:
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Examples of Operating DSC in a sentence

  • Promptly following the end of each calendar year, the Borrower shall report, in writing, to RUS the TIER, Operating TIER, DSC and Operating DSC levels which were achieved during that calendar year.

  • Operating TIER and Operating DSC would be testedretrospectively using the same averaging of the best two out of three years as isused for standard TIER and DSC.Since a borrower’s electric utility business accounts for most of thefinancing provided by RUS, is the main source of revenue for repaying the loans, and provides the primary security forthe loans, RUS believes it is reasonable to expect this business to be financially viable and not dependent on othersources of income to cover business expenses.

  • Any loan used to refinance or refund a Contempora- neous Loan is also considered to be a Con- temporaneous Loan.‘‘Coverage Ratios’’ shall mean, collec- tively, the following financial ratios: (i) TIER of 1.25; (ii) Operating TIER of 1.1; (iii) DSC of 1.25; and Operating DSC of 1.1. Pt. 1718, Subpt.

Related to Operating DSC

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Operating Day means the daily 24 hour period beginning at midnight for which transactions on the PJM Interchange Energy Market are scheduled.

  • Operating Documents are, for any Person, such Person’s formation documents, as certified by the Secretary of State (or equivalent agency) of such Person’s jurisdiction of organization on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto.

  • Operating Unit means, for purposes of this part, primary and constituent operating units designated as such in the Department Order Series of the De- partment of Commerce and, in addi- tion, the Office of the Secretary.

  • PJM Operating Agreement means the Amended and Restated Operating Agreement of PJM or the successor, superseding or amended versions of the Amended and Restated Operating Agreement that may take effect from time to time.

  • Unit operating day means a calendar day in which a unit combusts any fuel.