Examples of Total Debt Service Coverage Ratio in a sentence
The Total Debt Service Coverage Ratio after giving effect to the Additional Senior Debt may not be less than a specified ratio agreed to by the TIFIA Lender.
Reseller will at all times maintain a minimum Total Debt Service Coverage Ratio of 1.25 to 1.00.
All amounts in the Ramp-Up Reserve Account may be released and transferred to the Pledged Revenues Account when the Total Debt Service Coverage Ratio has been greater than [ ] for two consecutive Calculation Dates, as set forth in a certificate signed by a Transportation Enterprise Representative delivered to the Trustee, but in no event shall funds in the Ramp-Up Reserve Account be released prior to the third anniversary of the applicable Substantial Completion Date.
The Borrower shall, subject to the remainder of this paragraph, fix, charge and collect rates and charges such that Pledged Revenues in any year shall be projected to produce (i) a Senior Debt Service Coverage Ratio at least equal to 1.40 in such year and (ii) a Total Debt Service Coverage Ratio at least equal to 1.30 in such year (the “Rate Covenant”).
Updated financial model (including basis for any assumption changes) and schedule of actual and projected revenues, expenses, the Senior Debt Service Coverage Ratio, the Total Debt Service Coverage Ratio and the Loan Life Coverage Ratio; d.