Debt Service Coverage Ratio Definition and Test Sample Clauses

Debt Service Coverage Ratio Definition and Test. Definition: The Debt Service Coverage Ratio (“DSCR”) in respect of any Borrower, and in respect of any 12-month period shall be calculated as follows: DSCR = Base Cash Flow / Debt Service, where: Base Cash Flow = Liquidity Reserves plus Contracted Revenues less Cash Operating Costs Debt Service = Amortization plus Interest Expense Amortization = The amortization amount corresponding to the FLG Amortization profile in respect of each Borrower Interest Expense = The interest expense for the period Contracted Revenues:
Sample 1
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Related to Debt Service Coverage Ratio Definition and Test

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Financial Covenants Section 4.01. (a) The Borrower shall maintain or cause to be maintained records and accounts adequate to reflect in accordance with sound accounting practices the operations, resources and expenditures in respect of the Project of the departments or agencies of the Borrower responsible for carrying out the Project or any part thereof.

  • General Covenant The Lessee shall not assign this Lease or mortgage, pledge or sublet the Leased Premises herein described without the written consent of the Lessor. The Lessee shall contract with the other parties to use and maintain the Leased Premises in accordance with the laws, regulations and ordinances of the United States of America, the State of Indiana, the City and all other proper governmental authorities.

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Definition of Overtime Overtime means those hours worked in excess of normal hours of work as per Article 8.1 (Normal Work Week).

  • 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.

  • SPECIAL CONDITIONS ARTICLE I.1 - SUBJECT I.1.1. The subject of the Contract is [short description of subject].

  • General Conditions; Definitions 1.01. The General Conditions (as defined in the Appendix to this Agreement) constitute an integral part of this Agreement.

  • Definitions Specific to Special Terms The words and phrases listed below, as used in this Contract, shall each have the following definitions:

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