Annual Debt Service Cover Ratio definition

Annual Debt Service Cover Ratio. On a Repayment Date following the First Repayment Date, the ratio of the Available Cash Flow for the twelve (12) calendar months ending on the previous 31 December or 30 June, as the case may be, to the total amount of interest, principal and fees payable pursuant to the Financing Documents (adjusted by interest rate hedging payments and currency rate hedging payments related to the debt service or receipts and excluding those repayments of principal under Tranche E) for that period. In relation to the First Repayment Date, the relevant period for the Available Cash Flow and debt servicing will be from Acceptance to the 31 December or 30 June next proceeding the First Repayment Date (or, in the circumstances referred to in Clause 9.4.3(c)(ii) (Restricted Application), from Acceptance to the First Repayment Date).
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Annual Debt Service Cover Ratio means the Forecast Annual Debt Service Cover Ratio and the Historic Annual Debt Service Cover Ratio as such terms are defined in the Senior Financing Agreement;
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Annual Debt Service Cover Ratio. Has the meaning ascribed thereto in the Pulp Mill Facility Agreement.
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Examples of Annual Debt Service Cover Ratio in a sentence

  • Annual Debt Service Cover Ratio: The ratio between operating cash flow and debt service during any one- year period.

  • Annual Debt Service Cover Ratio: The ratio between operating cash flow and debt service during any one-year period.

  • Appendix 3 details the Historic Annual Debt Service Cover Ratio (“ADSCR”): A historic periodic measure used to assess the project’s ability to service its current debt obligation over the preceding 12 month period.

  • The Historic Annual Debt Service Cover Ratio (“ADSCR”) Appendix 1: A historic periodic measure used to assess the project’s ability to service its current debt obligation over the preceding 12-month period as at the end of December 2021 is 1.75 which is better than the target 1.35 and is attached along with the signed Ratio compliance certificate Appendix 2.

  • The following project indicators have been selected to illustrate (1) the workings of the FG mechanism, (2) the FG benefits for the project, (3) the FG benefits for the senior debt lender, and (4) the FG benefits for the guarantor:• Project and Equity returns (IRR);• Minimum Annual Debt Service Cover Ratio (ADSCR) of Senior Lender;• Percentage of senior debt repaid;• Guarantor return (IRR);• FG amount used;• FG used in how many repayment periods;• FG repaid in how many semi-annual periods.


More Definitions of Annual Debt Service Cover Ratio

Annual Debt Service Cover Ratio. BANKS"; "FINANCIER"; "FINANCIER DOCUMENTS"; "FORECAST ANNUAL DEBT SERVICE COVER RATIO"; "PERMITTED PAYMENTS", "REFERENCE BANKS" AND "RELEVANT GROUP COMPANY";
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Annual Debt Service Cover Ratio. ANNUAL RECONCILIATION ACCOUNT", "APPLICABLE MARGIN", "AUTHORISED INVESTMENT", "BANKS", "COMMERCIAL SUBORDINATED AGREEMENT", "COMMERCIAL SUBORDINATED FINANCIERS", "CONSTRUCTION CONTRACT", "CONTRACTOR", "DBFO PAYMENTS", "DEBENTURE", "EIB FACILITY", "FACILITY", "FINANCE DOCUMENTS", "FINANCIAL MODEL", "HEDGING CONTRACTS", "PERMITTED PAYMENTS", "REFINANCING EXPENSES", "RELEVANT DOCUMENTS", "TECHNICAL SERVICES AGREEMENT", "TRANCHE A FACILITY".
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Annual Debt Service Cover Ratio means in respect of any relevant period, the ratio of A:B where: A is the aggregate amount of (but without double counting and provided that cash balances/cash flows shall not be double counted): (i) the Cash Flow Available for Debt Service received during such relevant period; and (ii) amounts paid during such relevant period from monies standing to the credit of the Tax Reserve Account and/or the Maintenance Reserve Account; and (iii) the Claims Reserve Surplus released in accordance with and as defined in clause 11.5 of the Intercreditor Agreement; But deducting from the foregoing aggregate amount any amounts credited or due to be credited to the Tax Reserve Account and/or the Maintenance Reserve Account during such relevant period; and
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Annual Debt Service Cover Ratio means for the relevant period the ratio of Net Cash Flow to the Debt Service Requirement;
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Annual Debt Service Cover Ratio means such ratio as is calculated in the Financial Model and designated "Sr ADSCR fore" therein.
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Annual Debt Service Cover Ratio means [obtain from Senior Financing Agreements];
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Annual Debt Service Cover Ratio or "ADSCR" means the ratio, as at any Calculation Date, of:
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