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 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, 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.
Examples of Debt Coverage in a sentence
All projects will be underwritten assuming a constant seven percent (7%) vacancy and must reflect a 1.15 Debt Coverage Ratio (DCR) for twenty (20) years.
Complete the Part V, Schedule of Actual Revenues and Debt Coverage for the past two fiscal years.
Complete the Part V, Schedule of Projected Revenues and Debt Coverage, demonstrating the availability of pledged revenues for loan repayment.
All applications will be underwritten such that they produce a Debt Coverage Ratio (DCR) of 1.30.
Applications will be required to maintain a Debt Coverage Ratio of 1.20 to 1.40 during the 15 year compliance period.
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 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.
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 any amounts outstanding drawn to finance the Borrower's working capital requirements (up to an aggregate maximum of (Pounds)10,000,000 or its Equivalent Amount (if drawn in an Optional Currency)) will, to the extent otherwise included, be deducted from Financial Indebtedness.
Debt Coverage means, on a combined consolidated basis, the ratio of: (1) Borrowers' operating income, plus depreciation, amortization and other non-cash items reasonably acceptable to Lender, less Distributions; to (2) the amount of all principal and interest paid or payable by the Borrowers to Lender plus all Capital Expenditures not funded on a term basis at the end of calculation thereof.
Debt Coverage as used in this Section 8.1(Q) means, on a combined consolidated basis, the ratio of: (1) Borrowers' operating income, plus depreciation and amortization, less Distributions; to (2) the amount of all principal and interest paid or payable by the Borrowers to Lender plus all Capital Expenditures not funded on a term basis at the date of calculation thereof. Debt Coverage shall be calculated quarterly, commencing September 30, 2003, based on each Borrower's fiscal quarter and direct financial statements for the four preceding fiscal quarters prepared in accordance with GAAP but exclusive of the results of any foreign subsidiary of Continental.
Debt Coverage. (as hereinafter defined) of not less than 2:1 for each fiscal quarter commencing October 4, 1998. For purposes hereof, "Debt Coverage" shall mean 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 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"