Debt Cover definition

Debt Cover has the meaning given to that term in clause 22.1 (Financial definitions).
Debt Cover means, in relation to any Relevant Period, the ratio of Consolidated Total Net Debt on the last day of that Relevant Period to Consolidated EBITDA for that Relevant Period.
Debt Cover means the ratio of Total Debt to EBITDA.

Examples of Debt Cover in a sentence

  • The agreement established a new interim NZ$80 million funding facility, repayable by 29 May 2009 and the waiver of the Group’s Debt Cover and Interest Cover ratios.

  • However, the Debt Cover and Interest Cover bank and private placement covenants and the FCF DSCR Covenant for the securitisation are all forecast to be breached at 2 April 2022.

  • The HCA must analyze the project’s projected Debt Cover Ratio (DCR) over a 15-year period (the maximum initial term of theproject-based voucher HAP contract).The DCR is determined to ensure that the net-income for the project is sufficient to cover all repayable debt ( i.e., non-forgivable loans) over the life of the debt.

  • Pursuant to the Senior Facility Agreement, Geo Travel Finance S.C.A. has to respect its Consolidated Total Net Debt Cover ratio every quarter.

  • There is a forecast breach in both the Debt Cover and Interest Cover bank and private placement covenants at 2 April 2022.

  • The DER for funding a project would always be capped by the ADSCR requirement of the lenders.Net Present Value Debt Cover Ratio (NPV CDR)NPV of cash flow available for servicing the debt over the loan life ÷ Outstanding debtAlso called Loan Life Cover Ratio.

  • The HCA must analyze the project’s projected Debt Cover Ratio (DCR) over a 15-year period (the maximum initial term of theproject-based voucher HAP contract).

  • Though at any time after 30th September 2018, and subject to certain conditions, the margin may decrease to be between 3.00% and 2.00%.The SSRCF Agreement includes a financial covenant, the Consolidated Total Gross Debt Cover ratio, calculated as follows:Total Gross Debt Cover ratio = Gross Financial Debt / Last Twelve Month Adjusted EBITDA.

  • It is important to the University that any fraud, misconduct or wrongdoing by staff or others is reported and dealt with properly.

  • The Debt Cover covenant is a measure of net borrowings to EBITDA (a maximum of 3.5 times) for the non-securitised group of companies and the Interest Cover covenant is a measure of EBITDA to finance charges (a minimum of 2 times from 2 April 2022, rising to 2.5 times from 1 October 2022, and further rising to 3 times from 1 April 2023) for that group of companies.


More Definitions of Debt Cover

Debt Cover has the meaning given to such term in Clause 19.1 (Financial definitions) of the Bridge Facility Agreement.
Debt Cover. Debt Cover in respect of any Relevant Period ending during the periods specified in column 1 below shall not exceed the ratio set out in column 2 below opposite the applicable period.

Related to Debt Cover

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

  • Debt Coverage Ratio means the ratio of Consolidated Indebtedness to Consolidated EBITDA.

  • Debt charges means the principal, including any mandatory sinking fund deposits and mandatory redemption payments, interest, and any redemption premium, payable on securities as those payments come due and are payable. The use of "debt charges" for this purpose does not imply that any particular securities constitute debt within the meaning of the Ohio Constitution or other laws.

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 750 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 751 facility operator that are materially similar to a third-party debt collector.

  • Financing Costs means for each calendar day the product of:

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Debt Financing has the meaning set forth in Section 5.7.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Debt collector means any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another. The term also includes any creditor who, in the process of collecting its own debts, uses any name other than its own which would indicate that a third person is collecting or attempting to collect such debts. The term also includes any person to the extent such person receives an assignment or transfer of a debt in default solely for the purpose of facilitating collection of such debt.

  • Special Purpose Financing Fees means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Special Purpose Financing.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Special Purpose Financing means any financing or refinancing of assets consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition.

  • Financing Proceeds means the net proceeds from any loan secured by all or any portion of the Partnership's real property (including any refinancing) that remain after the repayment of any indebtedness of the Partnership secured by all or a portion of such real property with such proceeds and all costs related to such loan.

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any equity Securities of Company after the Effective Date.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied

  • DIP Facility means the debtor-in-possession secured financing facility provided to the Debtors by the DIP Lenders pursuant to the DIP Credit Agreement as authorized by the Bankruptcy Court pursuant to the DIP Facility Order.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Auto-Reinstatement Letter of Credit has the meaning specified in Section 2.03(b)(iv).

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing or refinancing of borrowing by or on behalf of the Partnership or by or on behalf of any Property Partnership (whether or not secured), after deduction of all costs and expenses incurred by the Partnership or the Property Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership or Property Partnerships, or any interest or premium thereon.

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.