We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

DSC Ratio definition

DSC Ratio means the ratio determined as follows: for any fiscal year add (i) total net income from the Xxxxxxx Project, or comparable term, of the Borrower, as determined in accordance with GAAP plus Depreciation and Amortization Expense, and interest on Long-Term Debt for such year, divided by (ii) the sum of all scheduled payments of principal required to made during such year and the amount of interest expense related to the period on Long-Term Debt.
DSC Ratio as of the end of any Fiscal Quarter shall mean with reference to the Borrower Consolidation: EBITDA during the Fiscal Quarter under review, together with the most recently ended three (3) preceding Fiscal Quarters, Divided by (/) the sum of Interest Expense (expensed and capitalized), plus principal payments required to be made on all interest bearing Indebtedness, plus payments required to be made on Capitalized Lease Liabilities, in each instance during the Fiscal Quarter under review together with the most recently ended three (3) preceding Fiscal Quarters.
DSC Ratio means the ratio determined as follows: for any fiscal year, as set forth in the Borrower’s annual audited financial statements, add (a) increase (decrease) in net position (i.e. net income or other comparable term) of the Borrower with respect to the Project, as determined in accordance with GAAP plus Depreciation and Amortization Expense, and interest on Long-Term Debt for such year, divided by (b) the sum of all scheduled payments of principal required to made during such year with respect to the Project and the amount of interest expense related to such period on Long-Term Debt.

Examples of DSC Ratio in a sentence

  • Notwithstanding the foregoing, Borrower’s failure to maintain the DSC Ratio shall not constitute an Event of Default if, within 60 days after the reporting period of such failure, Borrower receives cash proceeds from the sale and issuance of its equity and/or Subordinated Debt securities in an amount no less than the shortfall amount that caused Borrower’s failure to maintain the DSC Ratio.

  • Debt Service Coverage (DSC) Ratio for Statutory Multifamily Mortgages.

  • The Borrower shall achieve an Averag� DSC Ratio of not less than 1.35.

  • The Borrower shall achieve an annual DSC Ratio of not less than 1.0.

  • We do not have the ability to engage in surgi- cal intervention on attention systems at all, and consequently cannot determine the nature of the causal relationships be- tween attention layers and the output of the system.


More Definitions of DSC Ratio

DSC Ratio means, with respect to any applicable period of time, the ratio of the annual net operating income from the Lease(s) to the annual regularly scheduled Monthly Payments, as reasonably determined by Lender. Only net operating income from executed Lease(s) in effect on the Premises which (i) are deemed approved (in accordance with Section 8.3 of this Agreement) or acceptable to Lender, or do not require Lender's approval, (ii) have no uncured defaults, and (iii) have not had an event occur which has not otherwise been remedied or waived in a commercially reasonable manner, and which at the time of Lender's determination, with the passage of time or giving of notice or both, would become a default, shall be used in Lender's determination of the annual net operating income.
DSC Ratio means, as of the end of any Rolling Period, a ratio of (a) the Borrower's and its Subsidiaries' consolidated Adjusted EBITDA to (b) Borrower's and its Subsidiaries' Debt Service, for such Rolling Period.
DSC Ratio means, as of the end of any Rolling Period, a ratio of (a) --------- the Parent's Adjusted EBITDA earned from Permitted Property Agreements entered into with MHC and MHC's Subsidiaries to (b) Parent's Interest Expense, for such Rolling Period.
DSC Ratio is hereby defined as the debt service coverage ratio which shall be calculated by Lender in the form of a ratio of: (i) Net Operating Income (as defined this section) to (ii) Debt Service (as defined in this section) as determined solely but reasonably by the Lender during any review period for so long as the Loan remains outstanding.
DSC Ratio shall have the meaning set forth in Section 6.02(b) of this Loan Agreement. [***]
DSC Ratio shall have the meaning set forth in Schedule B hereof.
DSC Ratio means the ratio of the annual net operating income from the Lease(s) to the annual regularly scheduled installments of debt service on the Note. Only net operating income from approved or acceptable executed Lease(s) in effect on the Premises, with no uncured monetary Event of Default or material non-monetary Event of Default, shall be used in Lender’s determination of the annual net operating income.