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 Debt Service Cover Ratio is determined to be less than 1.1:1 for any Calculation Period.

• If the Debt Service Cover Ratio is not agreed within ten Business Days of notification by the Facility Agent under paragraph (b) above, the matter will be referred to the Owner’s auditor whose written determination, addressed to the Facility Agent and the Owner, shall (except in the case of manifest error) be final and binding.

• The Borrower shall ensure that the Annual Debt Service Cover Ratio does not fall below 110 per cent.

• Loans are subject to the Debt Service Cover Ratio financial covenant.

• Apart from the application sketched in the introduction, PMP and variants of PMP have real-life applications with different origins such as the scheduling of maintenance services, multi-item replenishment of stock, and broadcasting of data messages over a communicationchannel (see the references in Section 2).

More Definitions of Debt Service Cover

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

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

Debt Service Cover means the covenant specified in paragraph 11 of Part 1 of the Schedule.

Debt Service Cover. The Parent Guarantor shall ensure that the Debt Service Cover in respect of any Relevant Period shall not be less than 1.25:1.” and replacing them with the word: “[Reserved]”

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).