LOW DSCR definition

LOW DSCR. PERIOD shall mean the period commencing on the date on which a Low DSCR Trigger Event has occurred and ending on the last day of the first period of two (2) consecutive calendar quarters first occurring thereafter during which the Debt Service Coverage Ratio has, as of the last day of each such calendar quarter, been greater than the Required Debt Service Coverage Ratio as determined by Lender in accordance with the terms of Section 16.5 hereof.
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LOW DSCR. PERIOD shall have the meaning set forth in the Loan Agreement (Mortgage).
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Examples of LOW DSCR in a sentence

  • Additionally, during any Low DSCR Period, Borrower agrees to deposit within one (1) Business Day of receipt thereof into the Grand Wailea Refund Reserve Account any membership deposits received during such Low DSCR Period at the Grand Wailea Property (collectively, LOW DSCR GW MEMBERSHIP DEPOSITS).

Related to LOW DSCR

  • DSCR means debt service coverage ratio.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Peak flow rate means the maximum instantaneous flow from a given storm condition at a particular location.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.