Debt Service Cover definition

Debt Service Cover means the ratio of Adjusted EBITDA to Debt Service in respect of any Relevant Period.

Debt Service Cover means the ratio of Earnings Before Interest, Tax, Depreciation and Amortisation minus non-financed capital expenditure to total interest cost (net of any interest received) and scheduled debt repayments as measured by the Client to Santander's satisfaction.

Debt Service Cover has the meaning given to that term in Clause 23.1 (Financial definitions).

Examples of Debt Service Cover in a sentence

• The loan agreements granted by the bank are sometimes subject to a number of covenants (Loan to Value, Loan to Cost, Debt Service Cover).

• The loan agreements granted by the banks are sometimes subject to a number of covenants (Loan to Value, Loan to Cost, Debt Service Cover).

• For the avoidance of doubt, the Debt Service Cover Ratio will not be considered to be breached on a testing date, if in relation to the Annual Relevant Period immediately preceding such testing date the Net Debt Service is negative or equal to zero.

• The Issuer shall, as long as any Bond remains outstanding, ensure that the Debt Service Cover Ratio on each testing date shall be equal to or shall exceed 1.2.

• VA.The loan agreements granted by the bank are sometimes subject to a number of covenants (Loan to Value, Loan to Cost, Debt Service Cover).

More Definitions of Debt Service Cover

Debt Service Cover means Earnings Before Interest and Tax divided by interest (including leasing and subordinated debt interest) plus current portion of long term debt. Debtor/Guarantor means:

Debt Service Cover means for any Fiscal Quarter or other period of determination, means the ratio of Project Cash Flow for such period to Debt Service for such period. For the purposes of this definition, if the interest payable on the Loan for any future period in question is not determinable in advance because the interest rate is not a fixed rate, it shall be assumed that the Loan will bear interest during such future period at the average interest rate in effect with respect thereto during the three months immediately preceding such period;

Debt Service Cover means the ratio of Cashflow to Debt Service in respect of any Measurement Period.

Debt Service Cover means Earnings Before has the meaning described in clause 8. Interest and Tax divided by interest (including leasing and subordinated debt interest) plus an Event of Default occurs if you are in Default current portion of long term debt. (see clause 12.1).

Debt Service Cover means, at any time, projected annual rental as a percentage of projected annual finance costs at that time. For the purpose of this definition:

Debt Service Cover. Debt Service Cover in respect of any Relevant Period shall be greater than 2.00:1.

Debt Service Cover the ratio of EBITDA to Debt Service: