Debt Service Cover Ratio means, in relation to a Calculation Period ending on the relevant Calculation Date,
Debt Service Cover Ratio means, for any Relevant Period, the ratio of:
Debt Service Cover Ratio means, on any Repayment Date, the ratio of Net Cash Flow to Debt Service for the Calculation Period ending on that Repayment Date.
Examples of Debt Service Cover Ratio in a sentence
The Borrower will calculate the Annual Debt Service Cover Ratio and the Senior Debt/EBITDA Cover Ratio on each Repayment Date and on the basis of the financial statements most recently delivered to the Agent pursuant to Clauses 18.1.1(a), 18.1.1(b) or as the case may be Clause 9.4.3(c)(ii).
Failure by the Borrower to meet the Annual Debt Service Cover Ratio as provided for in Clause 17.1 (Annual Debt Service Cover Ratio), unless waived by the Majority Lenders.
Testing of the Debt Service Cover Ratio shall be made first time eighteen (18) months after the Delivery Date of the relevant Drillship.
The Borrower shall ensure that the Annual Debt Service Cover Ratio does not fall below 110 per cent.
More Definitions of Debt Service Cover Ratio
Debt Service Cover Ratio means the ratio of Free Cash Flow to Debt Service in respect of any Measurement Period.
Debt Service Cover Ratio has the meaning given to such term in paragraph (c) of Clause 23.2 (Ratios).
Debt Service Cover Ratio means - for the last consecutive twelve months preceding the calculation date, the ratio between the total payments to the bank (principal and interest) and net EBITDA (as defined in the agreement).
Debt Service Cover Ratio means, as at any Calculation Date, the ratio of A to B, where:
Debt Service Cover Ratio means, in relation to any Relevant Period, Free Operating Cash Flow for such Relevant Period divided by Net Total Debt Service for such Relevant Period.
Debt Service Cover Ratio means the ratio as contemplated in Clause 19 (Financial Covenants);
Debt Service Cover Ratio means the ratio of EBITDA of the respective Borrower to debt services (being all finance charges and principal) for the previous period of twelve (12) months of the respective Borrower.