Definition of Pool Debt Service Coverage Ratio

  1. Pool Debt Service Coverage Ratio means, at any date of determination, the ratio of (a) the Adjusted Pool Net Operating Income for the Calculation Period ending on the most recent Determination Date, to (b) the Implied Debt Service for a period of two (2) consecution Calendar Quarters based on a Principal Testing Amount equal to the Principal Obligation on the most recent Determination Date.

Examples of Pool Debt Service Coverage Ratio in a sentence

  1. Maintain (A) at the end of each fiscal quarter of the Parent and (B) at the time of each Advance (both before and after giving effect to such Advance) an Unencumbered Pool Debt Service Coverage Ratio of not less than 1.50:1.00.

Definition of Pool Debt Service Coverage Ratio in Revolving Credit Agreement

Pool Debt Service Coverage Ratio means, at any date of determination, the ratio of (a) the Adjusted Pool Net Operating Income for the Calculation Period ending on the most recent Determination Date, to (b) the Implied Debt Service for a period of two (2) consecution Calendar Quarters based on a Principal Testing Amount equal to the Principal Obligation on the most recent Determination Date.