Debt Service Coverage Test Sample Clauses

Debt Service Coverage Test. EFI shall maintain a Debt Service Coverage Ratio of not less than 1.50 to 1.00, measured as of the last day of each calendar quarter. (c)
Sample 1
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Debt Service Coverage Test. The Borrower may from time to time prepay all of the Loan subject to the prior notice and date of payment constraints of Section 4.2 and provided that such prepayment is accompanied by the applicable Prepayment Fee for such prepayment as determined in the Note. The Borrower may not prepay less than all of the Loan except as hereinafter provided in this Section 4.3 or in Sections 4.4 or 4.5. In the event the Borrower sells or otherwise disposes of assets as permitted in Section 6.12.3 the Borrower shall prepay a portion of the Loan equal in amount to the amount determined pursuant to Section 6.12.3 accompanied by the applicable Prepayment Fee for such prepayment as determined in the Note. The Borrower may prepay one hundred and twenty five percent (125%) Of the Tranche Amount with respect to an Approved Project at the time of a refinancing of a Senior Construction Loan accompanied by the applicable Prepayment Fee for such prepayment as determined in the Note. Candlewood Member or Candlewood (but not the Borrower) may prepay a portion of the Loan up to such amount as would be sufficient to enable the debt service coverage test in Section 6.6 to be satisfied accompanied by the applicable Prepayment Fee for such prepayment as determined in the Note.
Sample 1
Debt Service Coverage Test. The definition of "Debt Service Coverage Test" is hereby amended by the deletion of "1.50" in the second line of such definition and the insertion in its place of "1.30."
Sample 1
Debt Service Coverage Test. The cash flow from the Mortgaged Property is subject to periodic evaluation and analysis and, under certain circumstances, payment to Lender. The terms of such evaluation, analysis and payments, if appropriate, are set forth on Schedule B hereto.
Sample 1

Related to Debt Service Coverage Test

  • 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 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.

  • Minimum Debt Service Coverage The Borrower will not at any time permit the outstanding principal amount of the Unsecured Indebtedness to exceed an amount such that: (a) the Unencumbered Net Operating Income, divided by (b) Pro Forma Unsecured Debt Service Charges would be less than 1.5 for any Fiscal Quarter.

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

  • 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.

  • Collateral Coverage Ratio On the Closing Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower'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.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

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