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Calculation of Debt Service Coverage Sample Clauses

Calculation of Debt Service Coverage. Month 1 Month 2 Month 3 ------------ ------------ ------------ INCOME Gross Potential Rent Other Income Vacancy Loss ------------ ------------ ------------ Adjusted Gross Income ------------ ------------ ------------ OPERATING EXPENSES Utilities Maintenance Management Fee Administration Insurance Real Estate Taxes Other Expenses ------------ ------------ ------------ Total Operating Expenses ------------ ------------ ------------
Sample 1Sample 2Sample 3See All (13)
Calculation of Debt Service Coverage. Month 1 Month 2 Month 3 ------------ ------------ ------------ INCOME Gross Potential Rent Other Income Vacancy Loss ------------ ------------ ------------ Adjusted Gross Income ------------ ------------ ------------ OPERATING EXPENSES Utilities Maintenance Management Fee Administration Insurance Real Estate Taxes Other Expenses ------------ ------------ ------------ Total Operating Expenses ------------ ------------ ------------ (1) Accrual adjustments for: R/E Taxes Insurance Tax/ Accounting Other Replacement Reserves ------------ ------------ ------------ Income for DSC Calculation ============ ============ ============ Stabilized Debt Service ------------ ------------ ------------ Debt Service Coverage (2) ------------ ------------ ------------ Please submit this form along with the following supporting documentation: Monthly Financial Reports (income statement, balance sheet, general ledger and rent rolls) Operating Budget Copies of bank statements. (1) This number should reconcile easily with the monthly financial statements. (2) The ratio between the Income for DSC calculation and Stabilized Debt Service. As example, a 1.10 DSC means that for every $1.00 of Stabilized Debt Service required to be paid there must be $1.10 of Net operating Income available. EXHIBIT I TO THE PARTNERSHIP AGREEMENT SURVEY REQUIREMENTS The Survey shall satisfy the minimum standard detail requirements for an ALTA/ACSM Land Title Survey, as established by ALTA, ACSM and NSPS in October of 1999, including optional items 1 through 11 and 13, and shall show the items listed below:
Sample 1See All (5)
Calculation of Debt Service Coverage. Month 1 Month 2 Month 3 ------------ ------------ ------------ INCOME Gross Potential Rent Other Income Vacancy Loss ------------ ------------ ------------ Adjusted Gross Income ------------ ------------ ------------ OPERATING EXPENSES Utilities Maintenance Management Fee Administration Insurance Real Estate Taxes Other Expenses ------------ ------------ ------------ Total Operating Expenses ------------ ------------ ------------ (1) Accrual adjustments for: R/E Taxes Insurance Tax/ Accounting Other Replacement Reserves ------------ ------------ ------------ Income for DSC Calculation ============ ============ ============
Sample 1
Calculation of Debt Service Coverage. Month 1 Month 2 Month 3 ------------ ------------ ------------ INCOME Gross Potential Rent Other Income Vacancy Loss ------------ ------------ ------------ Adjusted Gross Income ------------ ------------ ------------ OPERATING EXPENSES Utilities Maintenance Management Fee Administration Insurance Real Estate Taxes Other Expenses ------------ ------------ ------------ Total Operating Expenses ------------ ------------ ------------ Net Operating Income (1) Accrual adjustments for: R/E Taxes Insurance Tax/ Accounting Other Replacement Reserves ------------ ------------ ------------ Income for DSC Calculation ============ ============ ============ Stabilized Debt Service ------------ ------------ ------------ Debt Service Coverage (2) ------------ ------------ ------------ Please submit this form along with the following supporting documentation: Monthly Financial Reports (income statement, balance sheet, general ledger, and rent rolls) Operating Budget Copies of bank statements
Sample 1

Related to Calculation of Debt Service Coverage

  • Debt Service Coverage The Company will not, and will not permit any Subsidiary to, incur any Debt (including, without limitation, Acquired Debt) other than Intercompany Debt, if the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred is less than 1.5 to 1.0, on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds therefrom, and calculated on the assumption that (i) such Debt and any other Debt (including, without limitation, Acquired Debt) incurred by the Company or any of its Subsidiaries since the first day of such four-quarter period and the application of the proceeds therefrom (including to refinance other Debt since the first day of such four-quarter period) had occurred on the first day of such period, (ii) the repayment or retirement of any other Debt of the Company or any of its Subsidiaries since the first day of such four-quarter period had occurred on the first day of such period (except that, in making such computation, the amount of Debt under any revolving credit facility, line of credit or similar facility shall be computed based upon the average daily balance of such Debt during such period), and (iii) in the case of any acquisition or disposition by the Company or any Subsidiary of any asset or group of assets since the first day of such four-quarter period, including, without limitation, by merger, stock purchase or sale, or asset purchase or sale or otherwise, such acquisition or disposition had occurred on the first day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation. If the Debt giving rise to the need to make the foregoing calculation or any other Debt incurred after the first day of the relevant four-quarter period bears interest at a floating rate then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt shall be computed on a pro forma basis as if the average interest rate which would have been in effect during the entire such four-quarter period had been the applicable rate for the entire such period.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Minimum Debt Service Coverage Ratio As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.50 to 1.00.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 5.9 and for purposes of determining the Applicable Percentage, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the Target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness of a Target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any asset disposition permitted by Section 6.4, (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness that is repaid with the proceeds of such asset disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Calculation of Overtime If the overtime work has been carried out before as well as after the regular working hours during a certain day, the overtime periods shall be added together. Only full half hours are included in the calculation.

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Minimum Fixed Charge Coverage Ratio Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Company, to be less than 1.5:1.00.

Most Referenced Clauses

Most Referenced Definitions