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.
Dudley announced that the first planning meeting will be held on Friday, July 14, 2006 at 10:00 A.M. at Scott M.
The Actual Debt Service Coverage Ratio shall be tested each calendar quarter and at the time of each Advance hereunder.
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, 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 means a ratio for the applicable period in which:
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, for the period of time for which the calculation is being made (or, if no time period is specified, for the twelve (12) months preceding the date on which the calculation is being made), the ratio of (a) Actual Net Operating Income to (b) Debt Service, assuming for purposes of such calculation that the Contract Rate is equal to the fixed rate of interest payable to the Counterparty under the Interest Rate Protection Agreement plus two (2%) percent per annum, unless the Interest Rate Protection Agreement is not then in effect, in which case the Contract Rate applicable under Section 2.2 shall apply, and making appropriate normalizing adjustments to address the payment by certain tenants at the Project of real estate tax escalations on a semi-annual basis. The Actual Debt Service Coverage Ratio shall be as determined by the Administrative Agent based upon the most recent reports required to have been submitted by Borrower under Section 7.1 (or, if no such reports have been so submitted, such other information as Administrative Agent shall determine in its sole discretion), which determination shall be conclusive in the absence of manifest error.
Actual Debt Service Coverage Ratio means as of the applicable date of determination, the quotient obtained by dividing (1) the Underwritten NOI for the trailing twelve (12) months ending on the last day of the second (2nd) calendar month preceding the calendar month in which the date of determination occurs by (2) the aggregate actual Debt Service, projected over the twelve (12) month period subsequent to the date of calculation determined using a loan constant calculated, respectively, based upon an interest rate equal to the sum of (x) the Capped LIBOR Rate and (y) the Spread as of the date of calculation as determined by Lender. Lender’s calculation of the Actual Debt Service Coverage Ratio shall be conclusive and binding on Borrower absent manifest error.