Aggregate DSCR definition

Aggregate DSCR means, with respect to a particular period, the ratio of Net Operating Income to Aggregate Debt Service in respect of such period (except that no principal payment shall be included in such calculation), as computed by Lender from time to time, using in all cases an assumed loan constant equal to the then applicable Aggregate Maximum Pay Rate per annum (which constant shall be calculated at all times using a 30/360 accrual convention). If no such period is specified, then the period shall be deemed to be the immediately preceding full 12 months.

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Aggregate DSCR means, as of any date of determination, the ratio, as determined by Lender, of (i) Underwritten Net Cash Flow to

Aggregate DSCR means, as of any Quarterly Determination Date, beginning with the Payment Date occurring in April 2024, an amount equal to (a) the Securitized Net Cash Flow over the three (3) immediately preceding Collection Periods, divided by (b) the sum of (i) the aggregate interest accrued on the Notes over such three (3) immediately preceding Collection Periods, (ii) the aggregate Scheduled Principal Distribution Amount over such three (3) immediately preceding Collection Periods, and (iii) any unpaid Scheduled Principal Distribution Amounts on the Payment Date three (3) months prior to such Quarterly Determination Date.

Examples of Aggregate DSCR in a sentence

• On a quarterly basis, based on trailing twelve (12) months certified operating statements, Lender will determine the aggregate Debt Service Coverage Ratio Premises for the Premises (the "Aggregate DSCR").

• Aggregate DSCR and DSCR shall each be calculated by Lender from the monthly financial statements delivered to Lender by each of the Borrowers based on the immediately preceding thirteen (13) Fiscal Month period.

• Lender shall have the right to determine, in the exercise of Lender's reasonable business judgment, whether any Borrower has deferred any expenses or shifted the time of payment of any expenses solely for the purpose of complying with the provisions of this Loan Agreement regarding Aggregate DSCR and/or DSCR and not in the exercise of prudent business judgment.

• The portion of the Margin attributable to the Net Spread shall be determined based on the Aggregate DSCR in accordance with the table set forth in Schedule 4.2.3. The Aggregate DSCR and Net Operating Income shall each be redetermined in accordance with the definitions thereof, as applicable.

• If Lender makes any such determination, Lender shall have the right to make reasonable and appropriate adjustments to the calculation of Net Income for the purpose of determining Aggregate DSCR or DSCR.

More Definitions of Aggregate DSCR

Aggregate DSCR means, with respect to any Quarterly Determination Date beginning with the Payment Date occurring in January 2024, will be an amount equal to (a) the Securitized Net Cash Flow with respect to the six (6) immediately preceding Collection Periods, divided by (b) the sum of (i) without duplication, the aggregate Note Interest on the Notes of each Class and Series for each of such six (6) immediately preceding Payment Dates and any unpaid interest on such Notes as of the Payment Date six (6) months prior to such Quarterly Determination Date plus (ii) the aggregate Principal Distribution Amount for the Notes of each Class and Series for each of such six (6) immediately preceding Payment Dates plus (iii) any unpaid Principal Distribution Amounts for the Notes of each Class and Series as of the Payment Date six (6) months prior to such Quarterly Payment Date. During the period which any Additional Assets have been owned by the Issuer for fewer than six (6) Collection Periods or any Additional Notes have been outstanding for fewer than six (6) Collection Periods, such calculation will include such Additional Assets and such Additional Notes for all the full Collection Periods that such Additional Assets have been owned by the Issuer or such Additional Notes have been outstanding, as applicable.

Aggregate DSCR means the DSCR for the Approved Properties, taken as a whole.

Aggregate DSCR means, at the time of Lender’s determination, the then prevailing computation of the aggregate Net Operating Income of each Collateral Pool Property divided by the then prevailing computation of Aggregate Stressed Debt Service.