Common use of Pro Forma Debt Service Coverage Ratio Clause in Contracts

Pro Forma Debt Service Coverage Ratio. If on any DSCR Determination Date, the Pro Forma Debt Service Coverage Ratio, is less than or equal to 1.2/1.0, then for the period (the "DSCR Restricted Period") commencing on such DSCR Determination Date and ending on the next DSCR Determination Date on which the Pro Forma Debt Service Coverage Ratio exceeds 1.2/1.0 all Excess Property Income for all the Properties shall be deposited in the Central Account and allocated as provided in Section 2.7.3(g), provided that if a DSCR Restricted Period and an Operative Period shall both be in effect with respect to any period of time, such period will be deemed an Operative Period for the purposes of this Agreement.

Pro Forma Debt Service Coverage Ratio. If on any DSCR Determination Date, the Pro Forma Debt Service Coverage Ratio, is less than or equal to 1.2/1.0, then for the period (the "DSCR Restricted Period") commencing on such DSCR Determination Date and ending on the next DSCR Determination Date on which the Pro Forma Debt Service Coverage Ratio exceeds 1.2/1.0 all Excess Property Income for all the Properties Property shall be deposited in the Central Account and allocated as provided in Section 2.7.3(g), provided that if a DSCR Restricted Period and an Operative Period shall both be in effect with respect to any period of time, such period will be deemed an Operative Period for the purposes of this Agreement.

Pro Forma Debt Service Coverage Ratio. If on any DSCR Determination Date, the Pro Forma Debt Service Coverage Ratio, is less than or equal to 1.2/1.0, then for the period (the "DSCR Restricted Period") commencing on such DSCR Determination Date and ending on the next DSCR Determination Date on which the Pro Forma Debt Service Coverage Ratio exceeds 1.2/1.0 all Excess Property Income for all the Properties Property shall be deposited in the Central Account and allocated as provided in Section 2.7.3(g2.6.3(g), provided that if a DSCR Restricted Period and an Operative Period shall both be in effect with respect to any period of time, such period will be deemed an Operative Period for the purposes of this Agreement.