Combined Debt Service Coverage Ratio as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the twelve (12)-month period ending with the most recently completed calendar month to (ii) the aggregate of the Debt Service on the Loan anticipated to come due on the Loan during the succeeding 12-month period and the scheduled principal and interest payments anticipated to come due on the Approved Mezzanine Loan during the succeeding 12-month period.
Combined Debt Service Coverage Ratio. June 1, 2008 – August 12, 2008 August 13, 2008 – May 12, 2009 1.0 to 1.0 1.10 to 1.0
Combined Debt Service Coverage Ratio. So long as this Guarantee Agreement is in effect and any Lenders shall have any Commitment outstanding under the Credit Agreement, and until the Notes, together with interest, and all other Obligations are indefeasibly paid in full in cash and all Letters of Credit have been cancelled or have expired and all amounts drawn thereunder have been indefeasibly reimbursed in full in cash, the Guarantor shall cause to be maintained a Combined Debt Service Coverage Ratio (as defined in the Holdco Deposit Account Agreement of at least 1.50 to 1.00 calculated on a trailing twelve month basis as of each Quarterly Payment Date (as defined in the Holdco Deposit Account Agreement); provided that, if such Quarterly Payment Date occurs on or prior to June 30, 2003, such ratio shall be calculated on the basis of actual results over the period from and including July 1, 2002, to, but excluding such Quarterly Payment Date.
Combined Debt Service Coverage Ratio. 55 9.12 Tangible Net Worth..............................................55 9.13
Combined Debt Service Coverage Ratio. SLT will not permit the Combined Debt Service Coverage Ratio to be less than 1.85 to 1.00 at any time.
Combined Debt Service Coverage Ratio. EBITDA, less Replacement ------------------------------------ Reserves required pursuant to Section 8112, less real estate and personal property taxes for the Property, for all of the Property for the period in question divided by (b) Debt service for the period in question. The Combined Debt Service Coverage Ratio shall be calculated as of the end of each fiscal quarter of the Borrower for the previous four fiscal quarters of Borrower. The term "Debt" for purposes of this paragraph only shall mean the then current principal and interest payments due under the Note for the period in question. Consolidated or consolidated. With reference to any term defined herein, ---------------------------- shall mean that term as applied to the accounts of the Borrower and its Subsidiaries, consolidated in accordance with generally accepted accounting principles.
Combined Debt Service Coverage Ratio. Permit the Combined Debt Service Coverage Ratio for any period of four consecutive fiscal quarters of the Financial Reporting Parties (or, if less, the number of full fiscal quarters subsequent to the Closing Date) ending with any fiscal quarter set forth below to be less than the ratio set forth below opposite such fiscal quarter: Combined Debt Service Fiscal Quarter Coverage Ratio FQ4 2007 to FQ3 2010 1.00 to 1.00 FQ4 2010 to FQ3 2011 1.05 to 1.00 FQ 2011 and thereafter 1.10 to 1.00
Combined Debt Service Coverage Ratio. So long as this Guarantee Agreement is in effect and any Lenders shall have any Commitment outstanding under the Credit Agreement, and until the Notes, together with interest, and all other Obligations are indefeasibly paid in full in cash and all Letters of Credit have been cancelled or have expired and all amounts drawn thereunder have been indefeasibly reimbursed in full in cash, the Guarantor shall cause to be maintained an average annual Combined Debt Service Coverage Ratio of at least 1.50 to 1.00 calculated on a trailing twelve month basis for any date of determination; provided that, if the date of determination occurs on or prior to June 30, 2003, such ratio shall be calculated on the basis of actual results over the period from and including July 1, 2002, to, but excluding such date of determination.
