Required Debt Service Coverage Ratio definition

Required Debt Service Coverage Ratio means a Debt Service Coverage Ratio of not less than 1.15.
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Required Debt Service Coverage Ratio means, as of each Testing Date, the ratio required pursuant to Section 6.24(a).
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Required Debt Service Coverage Ratio means a debt service coverage ratio, as determined by Lender, of not less than 1.60 to 1.00.
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Examples of Required Debt Service Coverage Ratio in a sentence

  • If as of the next succeeding Test Date the Ongoing Debt Service Coverage Ratio shall equal or exceed the Minimum Required Debt Service Coverage Ratio, provided that no Default exists, any funds held in the Interest Reserve Account will be released to Borrower.

  • If as of the next succeeding Test Date the Ongoing Debt Service Coverage Ratio shall equal or exceed the Minimum Required Debt Service Coverage Ratio, provided that no Event of Default exists, any funds held in the Interest Reserve Account will be released to Borrowers.

  • If as of the next succeeding Test Date the Ongoing Debt Service Coverage Ratio shall equal or exceed the Minimum Required Debt Service Coverage Ratio, provided that no Event of Default exists, any funds held in the Interest Reserve Account will be released to Borrower.

  • However, with the recommended condition requiring the illumination be reduced and the south monument be removed, as conditions of approval, should result in a project that does not conflict with the safe flow of traffic in the vicinity.

  • During the pendency of any Dispute, the Company shall continue to pay the Executive the full compensation in effect when the notice giving rise to the Dispute was given (including, but not limited to, salary) and continue the Executive (and, where applicable, the Executive’s family) as a participant in all compensation, benefit and insurance plans in which the Executive was participating when the notice giving rise to the Dispute was given, until such Dispute is resolved.

  • Company’s Debt Service Coverage Ratio as of the end of the period covered by Certificate: Required Debt Service Coverage Ratio: 1.5:1.0 Calculation of Debt Service Coverage Ratio: Earnings before Interest , Income taxes , Depreciation , Amortization and Non-recurring renovation/remodel expenses funded with the proceeds of a Loan or other non-operating sources , divided by Principal and interest payments on the aggregate first mortgage term debt scheduled and paid during the trailing 4 quarters Equals .

  • The Master Indenture requires an Annual Required Debt Service Coverage Ratio of more than 1.20:1.00.

  • Mayor Skrede asked Councilmember Jewett to contact Becker Arena Products on a price to install the mats.

  • If the Annual Required Debt Service Coverage Ratio falls below 1:20:1.00, the Obligated Group Representative promises to employ an Independent Consultant.

  • Rothbard JB, Zhao X, Sharpe O, Strohman MJ, Kurnellas M, Mellins ED, Robinson WH, Steinman L.


More Definitions of Required Debt Service Coverage Ratio

Required Debt Service Coverage Ratio means, as of any date, (a) with respect to any Political Violence Trigger or a Reduction in Charge Trigger, the Projected Debt Service Coverage Ratio for each four (4) consecutive Quarterly Periods commencing from such date through the Notional Tenor End Date, a ratio which is equal to or higher than 1.15:1.00, and (b) with respect to any Debt Service Coverage Ratio for any period ending on any Quarterly Date, a ratio equal to or higher than 1.15:1.00.
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Required Debt Service Coverage Ratio. 1.25:1.0 Calculation of Debt Service Coverage Ratio: Earnings ________________________ before Interest ________________________, Income taxes ________________________, Depreciation ________________________, Amortization ________________________ and Non-recurring renovation/remodel expenses funded with the proceeds of a Loan or other non-operating sources ______________________, divided by Principal and interest payments on the aggregate first mortgage term debt scheduled and paid during the trailing 4 quarters ______________________ Equals ______________________.
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Required Debt Service Coverage Ratio means, with respect to any Test Period, the Required Debt Service Coverage Ratio set forth below for such Test Period: Test Period Required Debt Service Coverage Ratio Test Periods ending on or prior to September 30, 2015 1.0:1.0 Test Period ending December 31, 2015 1.1:1.0 Test Period ending March 31, 2016 1.2:1.0 Test Period ending June 30, 2016 1.3:1.0 Test Period ending September 30, 2016 1.4:1.0 Test Periods ending December 31, 2016 and thereafter 1.5:1.0
Sample 1
Required Debt Service Coverage Ratio means that the debt service coverage ratio for the remaining related Mortgaged Properties after such partial defeasance, as reasonably determined by the lender, for the immediately preceding six (6) month period must not be less than the greater of: (i) the debt service coverage ratio for all of the related Mortgaged Properties (including the Individual Property to be released) for the six (6) full calendar months immediately preceding the release of the Individual Property; and (ii) 1.25x to 1.00x. 0 Xxxxxxx Xxxxxxxxxx Portfolio (34) Ground Leases With respect to the Xxxxxxx Industrial - Lebanon Mortgaged Property the related ground lease expires (October, 2037) which is less than twenty (20) years after the maturity date of the related Mortgage Loan (January, 2023). APPENDIX I ID# Mortgage Loan Representation Exception In addition, such ground lease does not provide automatic renewal options; does not prohibit amendments to the ground lease without lender consent; does not require the ground lessor to enter into a new lease with the lender upon termination of the ground lease; and is silent regarding termination of the ground lease upon a foreclosure. However, a ground lease estoppel addressing these items is a post-closing item for the related Mortgage Loan and is required to be delivered within thirty (30) days of the closing of the related Mortgage Loan (December 4, 2012). Schedule 2-B List of Cross-Collateralized or Cross-Defaulted Mortgage Loans None. EXHIBIT 3 XXXX OF SALE
Sample 1
Required Debt Service Coverage Ratio means that the debt service coverage ratio for the remaining related Mortgaged Properties after such partial defeasance, as reasonably determined by the lender, for the immediately preceding six (6) month period must not be less than the greater of: (i) the debt service coverage ratio for all of the related Mortgaged Properties (including the Individual Property to be released) for the six (6) full calendar months immediately preceding the release of the Individual Property; and (ii) 1.25x to 1.00x. 0 Xxxxxxx Xxxxxxxxxx Portfolio (34) Ground Leases With respect to the Xxxxxxx Industrial - Lebanon Mortgaged Property the related ground lease expires (October, 2037) which is less than twenty (20) years after the maturity date of the related Mortgage Loan (January, 2023). Schedule 2-B List of Cross-Collateralized or Cross-Defaulted Mortgage Loans None. EXHIBIT 3 XXXX OF SALE
Sample 1
Required Debt Service Coverage Ratio means, as of any date, the Required Debt Service Coverage Ratio (Actual) or the Required Debt Service Coverage Ratio (Imputed).
Sample 1

Related to Required Debt Service Coverage Ratio

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Interest Coverage Ratio means, at any date of determination, the ratio of (a) Consolidated EBITDA for the Measurement Period then most recently ended to (b) Consolidated Net Interest Expense for such Measurement Period.

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Fixed Charges of such Person and its Restricted Subsidiaries for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems Disqualified Stock or preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or preferred stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.