Projected Debt Service Coverage Ratio definition

Projected Debt Service Coverage Ratio means, at any date of determination, for the period of 12 months immediately succeeding such date, the ratio of (a) Projected Cash Flow Available for Debt Service for such period to (b) Projected Debt Service for such period; provided that any and all assumptions used in the calculation thereof shall be reasonably acceptable to Administrative Agent.

Projected Debt Service Coverage Ratio means for any period, on any date of determination, a projection of the Debt Service Coverage Ratio for the applicable time period.

Projected Debt Service Coverage Ratio means, with respect to any Co-op Mortgage Loan, as of any date of determination, the Projected Net Cash Flow for the related Mortgaged Property on an annualized basis, divided by the annualized monthly payments for such Co-op Mortgage Loan.

Examples of Projected Debt Service Coverage Ratio in a sentence

• The Projected Debt Service Coverage Ratio, with respect to the Calculation Period in effect on the date such calculation is made (as set forth in the current Annual Budget and Base Case Model), is equal to or greater than 1.20.

• In the event that an Upwind Array Event shall occur, then within ninety (90) days of such event (such date the “Adjustment Date”), Borrower shall calculate and deliver to the Administrative Agent a Projected Debt Service Coverage Ratio as of such date using the applicable Base Case Project Projections updated with any changes needed solely to take into account the effect, if any, of such Upwind Array Event on the expected power production of any Project, as determined by the Independent Engineer.

• The full calculation of the Projected Debt Service Coverage Ratio (together with supporting documentation) is set forth in Attachment B to the Independent Engineer's Certificate.

• In addition, the Projected Debt Service Coverage Ratio shall be not less than 1.25, provided that if the issuance of the proposed Additional Bonds shall not increase the Debt Service Requirements on all Parity Bonds, including any Additional Bonds proposed to be issued, in any Fiscal Year, the requirement of this subsection (ii) shall be inapplicable.

• That, with regard to a failure to satisfy the requirements of clause (B) of paragraph (a)(ii), based upon forecasts and estimates contained in the report, the Obligated Group will generate the maximum amount of Aggregate Income Available for Debt Service which can reasonably be generated given such governing laws and regulations during the applicable period and that the Projected Debt Service Coverage Ratio for the applicable period is not less than 1.00.

More Definitions of Projected Debt Service Coverage Ratio

Projected Debt Service Coverage Ratio means the ratio, calculated by the Administrative Agent, based on the financial model utilized to create the Base Case Project Projections and applying each of the P50 Production Level and the P99 Production Level, of (a) (i) Project Revenues projected to be received by the Borrower or any Project Company from the ownership or operation of the Projects, less (ii) projected O&M Costs, to (b) Debt Service, calculated for each quarterly period during the remaining term under the Energy Hedge.

Projected Debt Service Coverage Ratio. As of any date of determination for any period, the quotient of: (i) Cash Available for Debt Service for such period; divided by (ii) the aggregate amount of Debt Service scheduled for such period, in each case based on amounts projected in the Base Case Projections.

Projected Debt Service Coverage Ratio means, for any applicable period, the ratio of

Projected Debt Service Coverage Ratio as of any date, the ratio, based on the financial model utilized to create the applicable Base Case Projections of (a) Operating Cash Available for Debt Service to (b) Debt Service, calculated as of the last day of each fiscal quarter of the Borrower occurring through the Maturity Date and for the Calculation Periods ending on each fiscal quarter end.

Projected Debt Service Coverage Ratio means, with respect to the delivery of any Portfolio Report, the projected ratio of: (a) Revenues of all Owners, less Operating Expenses for the Twelve Month Period beginning on the Scheduled Payment Date occurring in the month to which such Portfolio Report pertains to (b) the aggregate outstanding interest and scheduled principal due and payable under the Term Loan during such Twelve Month Period.

Projected Debt Service Coverage Ratio means with respect to the covenants contained in Section 902(c) and Section 903(b)(1)(ii) hereof, the ratio determined by dividing (i) Projected Net Revenues by (ii) a denominator equal to the Maximum Annual Debt Service in the then current or any succeeding Fiscal Year on all Parity Bonds, including any Additional Bonds proposed to be issued as Parity Bonds.

Projected Debt Service Coverage Ratio means the ratio of Projected Operating Cash Flow during such Quarter to Debt Service during such Quarter.