Actual Debt Service Coverage Ratio definition

Actual Debt Service Coverage Ratio shall have the meaning set forth on Exhibit A attached hereto and made a part hereof. All capitalized terms in such definition are also set forth on Exhibit A.

Actual Debt Service Coverage Ratio means as of the last day of the calendar month immediately preceding the applicable date of calculation, the quotient obtained by dividing (1) the Adjusted Net Cash Flow by (2) the aggregate principal and interest projected to be due and payable over the twelve (12) month period subsequent to the date of calculation and a 30-year amortization period. Borrower shall deliver to Lender such information as is reasonably required for Lender to make all applicable calculations. Lender’s calculation of the Actual Debt Service Coverage Ratio, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.

Actual Debt Service Coverage Ratio means as of the last day of the calendar month immediately preceding the applicable date of determination, the quotient obtained by dividing

Examples of Actual Debt Service Coverage Ratio in a sentence

• The Borrower will not at any time permit the Actual Debt Service Coverage Ratio to be less than or equal to 2.00 to 1.00.

• The Borrower will not at any time permit the Unencumbered Pool Actual Debt Service Coverage Ratio to be less than 2.00 to 1.00.

• Maintain an Actual Debt Service Coverage Ratio of not less than 1.50 to 1 with respect to the Mortgaged Properties.

• The Actual Debt Service Coverage Ratio shall be tested each calendar quarter and at the time of each Advance hereunder.

• If, as of any Determination Date after Borrower’s obligation to so deposit cash flow with Lender in the Sweep Account ceases, the Debt Service Coverage Ratio once again becomes less than 1.10 to 1.00 but 1.05 to 1.00 or greater, Borrower’s obligation to so deposit cash flow with Lender in the Sweep Account shall resume until the next Determination Date on which the Actual Debt Service Coverage Ratio is 1.10 to 1.00 or greater for two consecutive calendar quarters.

More Definitions of Actual Debt Service Coverage Ratio

Actual Debt Service Coverage Ratio means, with respect to all Mortgaged Properties, the ratio of Net Operating Income to Debt Service allocable to Advances made for Permitted Purposes with respect to the Mortgaged Properties computed on the basis of a twenty-five (25) year amortization schedule and a rate of interest equal to the actual rate of interest charged for all Advances then outstanding plus scheduled principal payments.

Actual Debt Service Coverage Ratio means a ratio for the applicable period in which:

Actual Debt Service Coverage Ratio means, for purposes of the calculation set forth in Section 15.10, the ratio of the Actual Net Income to Debt Service.

Actual Debt Service Coverage Ratio. Compliance: Yes: _____ No: _____

Actual Debt Service Coverage Ratio means, with respect to all Mortgaged Properties, the ratio of Net Operating Income to Debt Service computed on the basis of a twenty-five (25) year amortization schedule and a rate of interest equal to the actual rate of interest charged on the outstanding balance of the Loan at the time of determination.

Actual Debt Service Coverage Ratio means as of the last day of the calendar month immediately preceding the applicable date of determination, the quotient obtained by dividing (1) the Adjusted Net Cash Flow by (2) the aggregate actual Debt Service (excluding Reserve Funds) projected over the twelve (12) month period subsequent to the date of calculation; provided, that, the foregoing shall be calculated by Lender (A) assuming that the Loan had been in place for the entirety of said period and (B) disregarding any "interest only" period under the Loan and assuming that constant principal and interest payments were due for the entirety of said period based the Interest Rate and a thirty (30) year amortization schedule. DMEAST #17478116 v7

Actual Debt Service Coverage Ratio means as of the last day of the calendar month immediately preceding the applicable date of calculation, the quotient obtained by dividing (1) the Adjusted Net Cash Flow by (2) the aggregate principal and interest projected to be due and payable over the twelve (12) month period subsequent to the date of calculation (interest only periods will be disregarded for purposes of this calculation). Borrower shall deliver to Lender such information as is reasonably required for Lender to make all applicable calculations. Lender’s calculation of the Actual Debt Service Coverage Ratio, and all component calculations, shall be conclusive and binding on Borrower absent manifest error.