Debt Service Cover Ratio definition

Debt Service Cover Ratio means, in relation to a Calculation Period ending on the relevant Calculation Date,

Debt Service Cover Ratio means, for any Relevant Period, the ratio of:

Debt Service Cover Ratio means, on any Repayment Date, the ratio of Net Cash Flow to Debt Service for the Calculation Period ending on that Repayment Date.

Examples of Debt Service Cover Ratio 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.

• The facilities are subject to the following financial covenants for which the first measurement period is 31 December 2020: • Senior Debt Service Cover Ratio shall not fall below 1.2 times.• Interest Service Cover Ratio shall not fall below 2.5 times.• Senior Net Debt/EBITDA shall not exceed 2.5 times.

More Definitions of Debt Service Cover Ratio

Debt Service Cover Ratio means the ratio of Free Cash Flow to Debt Service in respect of any Measurement Period.

Debt Service Cover Ratio has the meaning given to such term in paragraph (c) of Clause 23.2 (Ratios).

Debt Service Cover Ratio means - for the last consecutive twelve months preceding the calculation date, the ratio between the total payments to the bank (principal and interest) and net EBITDA (as defined in the agreement).

Debt Service Cover Ratio or "DSCR" means the ratio of EBITDA minus Tax to Gross Interest and current maturity of long term debts.

Debt Service Cover Ratio means the ratio as contemplated in Clause 19 (Financial Covenants);

Debt Service Cover Ratio means, in relation to any Relevant Period, Free Operating Cash Flow for such Relevant Period divided by Net Total Debt Service for such Relevant Period.

Debt Service Cover Ratio means the ratio of EBITDA of the respective Borrower to debt services (being all finance charges and principal) for the previous period of twelve (12) months of the respective Borrower.