Adjusted Debt Service Coverage Ratio definition

Adjusted Debt Service Coverage Ratio means, with respect to any Property or group of Properties for the relevant measurement period, the ratio of: (a) the Underwritten Net Cash Flow for such Property or group of Properties for the relevant measurement period (provided that, notwithstanding anything herein to the contrary, the Underwritten Net Cash Flow of any Standard Non-Stabilized Property shall be zero for purposes of the calculation of Adjusted Debt Service Coverage Ratio) to (b) the actual Debt Service with respect to the outstanding aggregate Allocated Loan Amount for such Property or group of Properties for the relevant measurement period.

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Adjusted Debt Service Coverage Ratio means, with respect to any date, the ratio of Adjusted Cash Flow Available for Debt Service to Adjusted Debt Service for the applicable Properties.

Adjusted Debt Service Coverage Ratio means, for any Test Period, the ratio of (x) Adjusted EBITDA to (y) Adjusted Total Debt Service, in each case for such Test Period.

Examples of Adjusted Debt Service Coverage Ratio in a sentence

Borrower shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.35 through [August 1, 2012], and thereafter, shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.45.
The Borrower shall not permit the Adjusted Debt Service Coverage Ratio as of any fiscal quarter end to be less than 1.35 to 1.0 at any time.
Ending ------------------------------------ ------------- 1.00 to 1.00 December 31, 2001 1.20 to 1.00 March 31, 2002 and thereafter For each the fiscal quarters ending December 31, 2001 and March 31, 2002, the Adjusted Debt Service Coverage Ratio shall be measured on a stand-alone quarter basis and shall be calculated on the last day of the relevant quarter.
The Borrower shall deliver a Compliance Certificate dated as of the Closing Date evidencing compliance with the covenants hereunder as of the Closing Date (except that the covenants in Sections 7.2.12 [Minimum Adjusted Debt Service Coverage Ratio] and 7.2.16 [Minimum Adjusted Net Operating Income] shall be measured as of September 30, 2006).
The Adjusted Debt Service Coverage Ratio shall not be less than 1.357:1.00.

More Definitions of Adjusted Debt Service Coverage Ratio

Adjusted Debt Service Coverage Ratio means, for any twelve month period, that ratio calculated in accordance with GAAP based upon the following formula based on Borrower's financial information:

Adjusted Debt Service Coverage Ratio means the Debt Service Coverage Ratio except that the reference in clause (a) thereof to "Consolidated EBITDA" shall be deemed to be a reference to "Adjusted Consolidated EBITDA."

Adjusted Debt Service Coverage Ratio for any period, the Debt Service Coverage Ratio for such period excluding, however, from the calculation of such Debt Service Coverage Ratio any principal and interest to be paid with respect to the Loans.

Adjusted Debt Service Coverage Ratio means as of any Testing Determination Date, the ratio of (i) the Net Operating Income for the trailing twelve (12) month period ending on the Testing Determination Date to (ii) the Adjusted Debt Service applicable to such twelve (12) month period.

Adjusted Debt Service Coverage Ratio or “ADSCR” shall mean on any date, in respect of any period:

Adjusted Debt Service Coverage Ratio means as of any Testing Determination Date, the ratio of (i) the Net Operating Income for the twelve (12) month period ending on the Testing Determination Date to (ii) the Adjusted Debt Service applicable to such twelve (12) month period (provided that, in the case of clause (a) of the definition of Adjusted Debt Service, with respect to the first three (3) Testing Determination Dates which shall occur during the term of the Loan, the Adjusted Debt Service shall be annualized based upon the period commencing on the Closing Date and ending on such Testing Determination Date).

Adjusted Debt Service Coverage Ratio the meaning specified in Section 3.6(C).