Debt Coverage definition
Debt Coverage means the calculation of the debt service coverage ratio as provided in Section 6.3 and Exhibit 7 and certified by NICTD in a manner consistent with Exhibit 7, and subject to verification by the IFA and/or RDA in their discretion as provided in Section 6.8.
Debt Coverage means, on a combined consolidated basis, the ratio of:
Debt Coverage means, at any time, the ratio of (a) EBITDA to (b) ------------- Debt Service, each measured over the four (4) most recent consecutive fiscal quarters for which financial statements are available at such time.
Examples of Debt Coverage in a sentence
Debt Coverage Ratio (DCR):• The DCR is calculated as Net Operating Income (NOI) divided by the annual debt service.
Projects must have an overall Debt Coverage Ratio (DCR) that provides a cushion against risk that may result from unforeseen circumstances, including higher than anticipated vacancy rates.
The deferred developer fee is not part of debt service and should be removed from pre-tax cash flow after the calculation of the Debt Coverage Ratio (DCR).
A key tool used to perform the financial analysis is the Debt Coverage Ratio (DCR).
The Underwriter characterizes a Development as infeasible from an operational standpoint when the Debt Coverage Ratio does not meet the minimum standard set forth in paragraph (4)(D) of this subsection.
More Definitions of Debt Coverage
Debt Coverage for a period means the ratio of Financial Indebtedness at the end of that period to EBITDA for that period.
Debt Coverage has the meaning described in Clause 19.1.
Debt Coverage as used in this Section 8.1(P) means the ratio of Borrower's net income, plus depreciation and amortization and net interest paid to Lender, less dividends, purchases of treasury stock and capital expenditures, to the amount of all principal and interest payable to Lender calculated quarterly in accordance with GAAP based upon Borrower's quarterly and fiscal year-end financial statements.
Debt Coverage means the ratio of Borrower's net income for the applicable fiscal quarter ending on the date of determination, before reduction for interest, depreciation, taxes, and amortization expense for such period, but after the payment of dividends or distributions during such period to the aggregate amount of interest expense on all indebtedness and current maturities on long term debt payable by Borrower during such fiscal quarter, all as determined in accordance with generally accepted accounting principles from the Financial Statements; and"
Debt Coverage as used in this SECTION 8.10(c) means the ratio of the Company's net income, plus depreciation and amortization and net interest paid to the Lender, to the sum of all principal and interest paid or payable to the Lender, calculated quarterly in accordance with GAAP based upon the Company's quarterly and fiscal year end financial statements."
Debt Coverage as used in this Section 8.1(Q) means the ratio of Borrowers' consolidated net income, plus consolidated depreciation, consolidated amortization and consolidated interest paid to Lender, to the amount of all principal and interest payable to Lender and the holder of Subordinated Debt and the consolidated net amount of all Capital Expenditures at the date of calculation thereof calculated quarterly based upon each Borrower's fiscal quarter end direct financial statements prepared in accordance with GAAP.
Debt Coverage for a period means the ratio of Financial Indebtedness at the end of that period to EBITDA for that period. For this purpose, amounts outstanding under the Revolving Facility drawn as Advances to finance the Borrower's working capital requirements (up to an aggregate maximum of (Pounds)10,000,000) will, to the extent otherwise included, be deducted from Financial Indebtedness.