Adjusted Coverage Ratio definition

Adjusted Coverage Ratio means (y) the aggregate of unrestricted cash, unrestricted marketable securities and all other cash equivalents, plus all Eligible Receivables as set forth in the Revolving Borrowing Base Certificate most recently provided to Lender, and the Receivable Amount of all EXIM Eligible Foreign Accounts as set forth in the EXIM Borrowing Base Certificate most recently provided to Lender, except Unbilled Eligible Receivables, Contingent Unbilled Eligible Receivables, Unbilled EXIM Eligible Foreign Accounts, and Unfulfilled EXIM Professional Services Receivables, divided by (z) the total amount of outstanding Obligations.
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Adjusted Coverage Ratio means, with respect to any trailing 12 month period, the ratio of Guarantor's EBITDA (as determined in accordance with GAAP on a consolidated basis) plus Scheduled Payment to Interest Expense plus Scheduled Payment.
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Adjusted Coverage Ratio means (a) as of September 30, 1997, the ----------------------- ratio of (i) Consolidated EBIT for the Borrower's fiscal quarter ending on such date and for the preceding fiscal quarter, multiplied by 2, to (ii) Consolidated Interest Expense for the Borrower's four most recently ended fiscal quarters and (b) as of December 31, 1997, the ratio of (i) Consolidated EBIT for the Borrower's fiscal quarter ending on such date and for the preceding two fiscal quarters, multiplied by
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Examples of Adjusted Coverage Ratio in a sentence

  • In this Trust Deed, unless the context otherwise requires: Adjusted Coverage Ratio means the ratio of the shareholder capital base (as defined by APRA’s Life Prudential Standards) less the Variable Addition component of Target Surplus (as defined by the Initial Unitholder’s ICAAP Summary Statement), to the Prudential Capital Requirement.


More Definitions of Adjusted Coverage Ratio

Adjusted Coverage Ratio means the ratio of [i] Cash Flow for each applicable period; to [ii] rent payments due pursuant to this Lease (assuming that the Earnout Lease Advance was made using a Blended Lease Rate (defined below) and all other debt service and lease payments relating to the Leased Property for the applicable period. The "Blended Lease Rate" shall mean the rate determined by calculating the weighted average of [i] the existing Lease Rate and [ii] the Lease Rate estimated by Landlord to be in effect at the time that the Earnout Lease Advance is funded based upon Landlord's reasonable estimate of the yield on comparative term United States Treasury Notes for the remaining years left in Term at the time that funding of the Earnout Lease Advance is anticipated.
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Adjusted Coverage Ratio means (a) as of September 30, 1997, the ----------------------- ratio of (i) Consolidated EBIT for the Borrower's fiscal quarter ending on such date and for the preceding fiscal quarter, multiplied by 2, to (ii) Consolidated Interest Expense for the Borrower's four most recently ended fiscal quarters and (b) as of December 31, 1997, the ratio of (i) Consolidated EBIT for the Borrower's fiscal quarter ending on such date and for the preceding two fiscal quarters, multiplied by 4/3, to (ii) Consolidated Interest Expense for the Borrower,s four most recently ended
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Adjusted Coverage Ratio means the ratio obtained by dividing (a) the average trailing NOI over the previous two (2) Fiscal Years by (b) the product of .0885 times the New Adjusted Lease Basis (as defined in the Lease).
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Related to Adjusted Coverage Ratio

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) Consolidated Interest Expense for such four fiscal quarters, provided, however, that:

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the value of total assets of the Borrower and its Subsidiaries, less all liabilities and indebtedness not represented by Senior Securities, to (b) the aggregate amount of Senior Securities representing indebtedness in each case, of the Borrower and its Subsidiaries (all as determined pursuant to the Investment Company Act and any orders, declarations, opinions, relief or letters issued by the SEC or any other government or regulatory authority, in each case as of the Effective Date, but excluding the effects of SEC Release No. 33837/April 8, 2020)). The calculation of the Asset Coverage Ratio shall be made in accordance with any exemptive relief or order granted or issued by the SEC with respect to the Indebtedness of any SBIC Subsidiary from the definition of Senior Securities only so long as (a) such order is in effect, and (b) no obligations have become due and owing pursuant to the terms of any Permitted SBIC Guarantee to which the Borrower or any other Obligor is a party. The outstanding utilized notional amount of any Credit Default Swap where an Obligor is a protection seller, in each case, less the value of the margin posted by the Borrower or any of its Subsidiaries thereunder at such time shall be treated as a Senior Security of the Borrower for the purposes of calculating the Asset Coverage Ratio.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.

  • Coverage Ratio As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1

  • Consolidated Asset Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Assets to (b) the sum of the aggregate amount of Revolving Borrowings and Term Loans then outstanding.

  • Debt Coverage Ratio or “DCR” means the ratio of a Project’s net operating income (rental income less Operating Expenses and reserve payments) to foreclosable, currently amortizing debt service obligations.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Unencumbered Interest Coverage Ratio means the ratio of (a) the Unencumbered Adjusted NOI to (b) the Unsecured Interest Expense for the immediately preceding calendar quarter.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Adjusted Covered Debt Balance means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • Fixed Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Fixed Charges for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time to (b) Fixed Charges for such period of four consecutive fiscal quarters.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.