Cash Trap DSCR definition

Cash Trap DSCR means a DSCR less than or equal to 1.30 to 1.0.
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Cash Trap DSCR means 1.40x.
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Cash Trap DSCR means 1.30:1.
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Examples of Cash Trap DSCR in a sentence

  • Any funds on deposit in the Cash Trap Reserve shall continue to be held as additional Collateral in accordance with this Section 6.5. Provided that no Event of Default exists and Lender determines that the Cash Trap DSCR test has been satisfied for two (2) consecutive calendar quarters (as determined above), any funds remaining in the Cash Trap Reserve shall be released to the Borrowers.

  • A "CASH TRAP EVENT" shall occur as of the last day of any calendar quarter when the Debt Service Coverage Ratio is equal to or less than the Cash Trap DSCR, and shall continue to exist until such time as the Debt Service Coverage Ratio exceeds the Cash Trap DSCR for two (2) consecutive calendar quarters.

  • A “Cash Trap Condition” shall exist at such time as Lender determines that as of last day of any calendar quarter ending prior to an Anticipated Repayment Date, the Debt Service Coverage Ratio is equal to or less than the Cash Trap DSCR, and shall continue to exist until Lender determines that the Debt Service Coverage Ratio exceeds the Cash Trap DSCR for two (2) consecutive calendar quarters.

  • A “Cash Trap Condition” shall exist at such time as the Lender determines that as of last day of any calendar quarter the Debt Service Coverage Ratio is equal to or less than the Cash Trap DSCR, and shall continue to exist until the Lender determines that the Debt Service Coverage Ratio exceeds the Cash Trap DSCR for two (2) consecutive calendar quarters.

  • Any funds on deposit in the Cash Trap Reserve shall continue to be held as additional Collateral in accordance with this Section 6.8. Provided that no Event of Default exists and the Cash Trap DSCR test has been satisfied for two (2) consecutive calendar quarters (as determined above), any funds remaining in the Cash Trap Reserve shall be released to the Borrowers.


More Definitions of Cash Trap DSCR

Cash Trap DSCR means, as of the last day of any calendar quarter ending prior to the Anticipated Repayment Date, 1.30:1 for such calendar quarter.
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Cash Trap DSCR means a DSCR less than or equal to 1.30 to 1.0. “Cash Trap Reserve” shall have the meaning ascribed to it in Section 4.05.
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Cash Trap DSCR means, for the five-year period commencing on the Closing Date, 1.30:1, and for any full calendar quarter thereafter, 1.75:1.
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Cash Trap DSCR means a DSCR as of the end of any calendar quarter less than or equal to 1.30 to 1.0. “Cash Trap Reserve” shall have the meaning ascribed to it in Section 4.06.
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Cash Trap DSCR means a DSCR as of the end of any calendar quarter less than or equal to 1.30 to 1.0.
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Cash Trap DSCR means 1.45:1.
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Cash Trap DSCR means, as of the last day of any calendar quarter ending prior to the Anticipated Repayment Date, 1.30:1 for such calendar
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