Definition of Post-Distribution DSCR

  1. Post-Distribution DSCR means, as of any date when any dividend is paid or to be paid by Borrower, the Debt Service Coverage Ratio calculated as of the last day of the immediately preceding fiscal quarter, on a pro forma basis, as if the dividend paid or to be paid on the date of determination had been paid during the preceding fiscal quarter.

Definition of Post-Distribution DSCR in Credit Agreement

Post-Distribution DSCR means, as of the date of any determination thereof, a ratio (a) the numerator of which is (i) Consolidated EBITDA, minus cash taxes, minus unfinanced Capital Expenditures, minus Management Fees, all determined for the twelve-month period ended as of the last day of the fiscal quarter most recently ended, (ii) minus the sum of the Distribution paid during the nine month period ended as of the last day of the most recent fiscal quarter, and the amount of Distributions intended to be paid in the quarter in which the date of determination is included, and (b) the denominator of which is Interest Expense plus scheduled principal payments on Total Debt determined for the twelve-month period ended as of the last day of the fiscal quarter most recently ended.


Definition of Post-Distribution DSCR in Amendment to Loan and Security Agreement

Post-Distribution DSCR means, as of any date when any dividend is paid or to be paid by Borrower, the Debt Service Coverage Ratio calculated as of the last day of the immediately preceding fiscal quarter, on a pro forma basis, as if the dividend paid or to be paid on the date of determination had been paid during the preceding fiscal quarter.