Cash Sweep DSCR definition

Cash Sweep DSCR means 1.30x.
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Cash Sweep DSCR means 1.65x.
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Examples of Cash Sweep DSCR in a sentence

  • Provided no Event of Default shall have occurred and be continuing, any Excess Cash Flow Funds remaining in the Excess Cash Flow Account upon the occurrence of a Cash Sweep Event Cure shall be deposited into the Cash Management Account to be applied in accordance with Section 6.11.1, unless payment of such funds to Borrower would cause the occurrence of a Cash Sweep DSCR Trigger Event that had been cured by Borrowers’ deposit of a DSCR/LTV Remedial Payment Amount to the Excess Cash Flow Account.

Related to Cash Sweep DSCR

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • DSCR means debt service coverage ratio.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.