DSCR definition

DSCR means debt service coverage ratio.

DSCR means, for any period, the ratio of (a) Operating Cash Available for Debt Service for such period to (b) Debt Service for such period.

DSCR means for any Determination Date an amount equal to:

Examples of DSCR in a sentence

• DSCR will be calculated every year, at the date of the approval of the Annual Financial Statements beginning from the Annual Financial Statements for year ended on December 31, 2024, and written calculation of the DSCR signed by the CFO of the Borrower shall be delivered to the Lender within 10 (ten) Business Days from publication of the date of following the approval of the Annual Financial Statements.

• The calculation of the DSCR shall be based on the Annual Financial Statements.

• The Borrower ensures that DSCR shall be not less than 1.1 during two consecutive calendar years (Measurement Periods) preceding the calculation date (“Minimum Ratio”).

• As long as the Loan has not been repaid in full, the Borrower is obligated to include in the Annual Financial Statements, the DSCR ratio for the Calendar year that ended.

More Definitions of DSCR

DSCR means the ratio of Adjusted Net Income to Cash Interest Expense on recourse Debt outstanding, it being understood that such determination shall be made on a cash basis.

DSCR means a ratio, as determined by Lender for the applicable period, in which:

DSCR means an amount calculated as of any Quarterly Calculation Date by dividing (i) the Net Cash Flow over the four (4) immediately preceding Quarterly Fiscal Periods most recently ended by (ii) the Debt Service due during the four (4) immediately preceding Quarterly Fiscal Periods most recently ended; provided that, for purposes of calculating the DSCR as of the first four (4) Quarterly Calculation Dates:

DSCR means, with respect to a particular period, the ratio of Net Operating Income to the aggregate amount of Debt Service that is payable in respect of such period, as computed by Lender from time to time pursuant to the terms hereof, using in all cases, an assumed loan constant (instead of actual debt service payable under such loan) per annum equal to the strike price of the Interest Rate Cap Agreement in effect on the date of such determination (which constant shall be calculated at all times using an actual/360 accrual convention). If no such period is specified, then the period shall be deemed to be the immediately preceding four (4) Fiscal Quarters.

DSCR has the meaning specified in the Loan Agreement.

DSCR means, as of any Calculation Date, the amount obtained by dividing (a) the amount of DSCR Available Cash as of such Calculation Date by (b) the sum of (i) the DSCR Aggregate Interest Amount for the related Payment Date and (ii) the DSCR Aggregate Scheduled Principal Amount for such Payment Date.

DSCR the debt service coverage ratio as determined by Lender on each Calculation Date by calculating the ratio of (x) the Net Operating Income from the Property for the immediately preceding thirteen (13) Accounting Periods, to (y) the sum of the payments of interest which are due and payable under the Primary Note for the immediately following twelve (12) Loan Months.