Pro Forma Debt Service Coverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Annualized Consolidated EBITDA for the Fiscal Quarter then ended to (ii) Pro Forma Consolidated Debt Service, in each case as set forth in the most recent Compliance Certificate delivered by Company to Administrative Agent pursuant to Section 5.1(d).
Pro Forma Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the annual Cash Flow Available for Debt Service to (b) the annual Debt Service, as agreed and adopted by the Project Finance Lenders on a pro forma basis in connection with a Financing.
Pro Forma Debt Service Coverage Ratio as at the last day of any fiscal quarter, the ratio of (a) Annualized Operating Cash Flow as at such last day to (b) Pro Forma Debt Service as at such last day.
Examples of Pro Forma Debt Service Coverage Ratio in a sentence
Commencing on the Closing Date, Borrower shall maintain at all times, measured at each fiscal quarter end and maintained through the next measurement date, a Pro Forma Debt Service Coverage Ratio greater than or equal to 1.50:1.0.1.0 through and including December 31, 2007, and greater than or equal to 1.250:1.0 thereafter.
The Borrower will not permit the ------------------------------------- Pro Forma Debt Service Coverage Ratio to be less than 1.15 to 1 at any time.
Commencing January 1, 2003, ------------------------------------- Borrower shall maintain at all times, measured at each fiscal quarter end commencing with the fiscal quarter ending March 31, 2003, a Pro Forma Debt Service Coverage Ratio greater than or equal to 1.0:1.0.
Commencing on the Restructuring Date, Borrower shall maintain at all times, measured at each fiscal quarter end occurring thereafter, a Pro Forma Debt Service Coverage Ratio greater than 1.75:1.00.
The Borrowers will not permit the ------------------------------------- Pro Forma Debt Service Coverage Ratio to be less than 1.15 to 1 at any time.
More Definitions of Pro Forma Debt Service Coverage Ratio
Pro Forma Debt Service Coverage Ratio means the ratio of Annualized Operating Cash Flow to Pro Forma Debt Service.
Pro Forma Debt Service Coverage Ratio means, as of the date of calculation, the ratio derived by dividing (i) Annualized Operating Cash Flow by (ii) the sum of: (a) all principal payments scheduled to be made on Indebtedness (or scheduled reductions in commitments on lines of credit to the extent such reductions would cause the repayment of principal amounts then outstanding under such lines) during the next 12 month period plus (b) Pro Forma Interest Expense. ----
Pro Forma Debt Service Coverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Annualized Consolidated EBITDA for any period then ended to (ii) Pro Forma Consolidated Debt Service for the next four-Fiscal Quarter period, in each case as set forth in the most recent Compliance Certificate delivered by Borrower to Administrative Agent pursuant to Section 5.1(d).
Pro Forma Debt Service Coverage Ratio means, as at any date, the ratio ------------------------------------- of (a) the product of (x) Operating Cash Flow for the fiscal quarter ending on, or most recently ended prior to, such date (which, for periods prior to the Closing Date, shall be based upon the results of operations of U.S. Cable) times ----- (y) four to (b) Debt Service (other than payments in respect of Affiliate Subordinated Indebtedness and Preferred Membership Interests) for the period of four consecutive fiscal quarters immediately following the last day of the most recently ended fiscal quarter, determined under the assumptions that (1) the rate of interest applicable to Indebtedness of the Borrower and its Subsidiaries (other than Affiliate Subordinated Indebtedness) during such period will not change from the weighted average rate of interest in effect on such last day and (2) all regularly scheduled payments or regularly scheduled prepayments of principal of such Indebtedness required to made during such period will be made when due (including, without limitation, the principal component of any payments in respect of Capital Lease Obligations). Notwithstanding the foregoing, the Pro Forma Debt Service Coverage Ratio for any fiscal quarter during which an Acquisition is consummated shall be deemed to be equal to the ratio of (a) the product of (x) Adjusted Operating Cash Flow for such fiscal quarter times (y) four to (b) Debt Service (other than payments in ----- respect of Affiliate Subordinated Indebtedness and Preferred Membership Interests) for the period of four consecutive fiscal quarters immediately following the last day of such fiscal quarter, determined on the assumptions set forth above.
Pro Forma Debt Service Coverage Ratio means, with respect to any DSCR Determination Date, the ratio of (a) the aggregate Cash Flow Available for Debt Service for the Property determined on an accrual basis for the twelve (12) month period ending with the calendar month prior to the calendar month immediately preceding such DSCR Determination Date to (b) the aggregate amount of Debt Service scheduled to be due during the twelve (12) month period immediately following such DSCR Determination Date, assuming, for the purpose of this calculation, that no payments of principal other than scheduled amortization payments will be made during such period.
Pro Forma Debt Service Coverage Ratio is a measure of a hospital’s ability to pay interest and principal on its existing debt and proposed debt with cash generated from current operations. Pro Forma Debt Service Coverage Ratio (total debt service coverage on all long-term capital debt and proposed debt) equals the excess of revenues over expenses (not-for-profit) or net income (for-profit) plus interest expense on current debt plus interest expense on proposed debt plus depreciation expense plus amortization expense, all divided by current portion of long-term debt (including capital leases) from the previous year's audited financial statements plus current portion of proposed debt plus interest expense on current debt plus interest expense on proposed debt The calculation can be expressed as: (Excess of revenues over expenses OR net income) + interest expense + projected annual interest expense (based on the proposed additional long-term debt) + current period depreciation expense + current amortization expense ______________________________________________________________________________ Current portion of long-term debt [prior year, including capital leases] + projected current portion of long-term debt [based on the proposed additional long-term debt] + interest expense + projected annual interest expense (based on the proposed additional long-term debt)
Pro Forma Debt Service Coverage Ratio means, with respect to any Restricted Payment to be made in any fiscal quarter (the “Test Quarter”), the ratio of (a) Consolidated EBITDA for the four-fiscal quarter period ended immediately prior to such Test Quarter and for which a Compliance Certificate has been delivered under Section 6.02(b), to (b) the sum of (i) Consolidated Interest Charges for such four-fiscal quarter period plus (ii) all Restricted Payments (other than those constituting dividends) made or to be made in such Test Quarter plus (iii) all Restricted Payments constituting dividends made or to be made in such Test Quarter multiplied by four. For the avoidance of doubt, only Restricted Payments constituting dividends in subclause (iii) of this definition shall be multiplied by four for purposes of calculating the Pro Forma Debt Service Coverage Ratio.