Common use of Debt Service Coverage Ratio Clause in Contracts

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender in its good faith determination of (i) the Net Operating Income for the trailing twelve (12)-month period ending with the most recently completed calendar month to (ii) the annualized Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month 12)‑month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the The ratio calculated by Lender of (i) the Borrower's Net Operating Income for the trailing twelve (12)-month period ending with the most recently completed 12) calendar month period immediately preceding the date of calculation, to (ii) the Debt Service Borrower's scheduled payments of principal and interest on its Indebtedness for the twelve (12) calendar month period immediately following such calculation, all determined in accordance with respect to such periodGAAP consistently applied.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month 12) month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as As of any datedate of determination, the ratio calculated by Lender of (ia) the Net Operating Income for an office, retail or multifamily project for the trailing twelve prior six (12)-month period ending with the 6) calendar months most recently completed calendar month to ended, annualized, divided by (iib) the Implied Debt Service with respect to such periodService.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month 12 month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month testing period ending with the most recently completed calendar month (June 30 and December 31) period to (ii) the Debt Service with respect to such period.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month 12-month period ending with the most recently completed calendar month to (ii) the Debt Service debt service with respect to such periodperiod (assuming a constant payment of principal and interest based upon a 30-year amortization schedule). Default: the occurrence of any event under any Loan Document which, with the giving of notice or passage of time, or both, would be an Event of Default.

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such periodperiod (but assuming, only for the purpose of calculating the Debt Service Coverage Ratio, that the Amortization Commencement Date has already occurred).

Debt Service Coverage Ratio. as of any date, the ratio calculated by Lender of (i) the Net Operating Income for the trailing twelve (12)-month testing period ending with the most recently completed calendar month to (ii) the Debt Service with respect to such period.