Rent Coverage definition

Rent Coverage. With respect to any applicable period ending on the applicable date of determination, the ratio of (a) the Net Operating Income for such period, to (b) the Rent Expense.
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Rent Coverage means 1.996.
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Rent Coverage means (i) with respect to the first two (2) Accounting Years, Tenant’s earnings related in any way to the Facility for such Accounting Year before interest, taxes, depreciation, amortization, and rent divided by the Rent for such Accounting Year; and (ii) thereafter, Tenant’s earnings related in any way to the Facility before interest, taxes, depreciation, amortization, and rent divided by the Rent, in each case, for the Applicable Accounting Period.
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Examples of Rent Coverage in a sentence

  • The funding of such additional Lease Deposit shall continue until the earlier of (i) the Lease Deposit equaling six (6) months of the then Base Rent payable under this Lease, or (ii) Tenant coming back into compliance with the Minimum Rent Coverage.

  • Tenant shall maintain on a monthly basis the Minimum Rent Coverage.

  • Provided that no Event of Default then exists and is continuing, following the date on which Landlord determines that the Portfolio Coverage Ratio for two (2) consecutive Testing Dates is greater than or equal to the Minimum Rent Coverage Ratio, Landlord will cause the Additional Deposit to be returned to Tenant.

  • Permit the Consolidated Interest and Rent Coverage Ratio as of the end of any fiscal quarter of the Company to be less than 2.00 to 1.00.

  • The Lessee shall comply with the provisions of the Agreement Regarding Related Lease Transactions pertaining to Rent Coverage Ratio.

  • If such independent audit establishes that the Minimum Rent Coverage did not exceed the aforementioned one hundred and thirty percent (130%) this Guaranty shall continue in full force and effect.

  • If Tenant fails to maintain the Minimum Rent Coverage, then Tenant shall deposit on a monthly basis with Landlord an additional Lease Deposit equal to five percent (5%) of the monthly revenue that Tenant derives from the business operated from the Premises.

  • The Credit Parties shall cause the Rent Coverage Ratio, as of the end of each fiscal quarter, to be equal to or greater than 1.30 to 1.00.

  • Tenant shall budget for and maintain a Base Rent Coverage Ratio as required in Exhibit C.

  • Any time Rent Coverage Ratio is to be calculated with respect to all Projects, such calculation shall be made on an aggregate basis.


More Definitions of Rent Coverage

Rent Coverage with respect to any Property serving as Real Property Collateral, as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing a (i) all sums due and payable from the Operator of Property serving as Real Property Collateral to the Loan Party owning the same under a lease, management agreement or other similar form of agreement or contract for such Property by (ii) the Applicable Interest Expense for such Property.
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Rent Coverage means the estimated Minimum Rent and Additional Minimum Rent payments due (or accrued) for the twelve (12) Accounting Periods following the measuring date, including any 71 Master Lease
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Related to Rent Coverage

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).