DSCR Debt Service definition
DSCR Debt Service means, for any period, an amount equal to the payment of interest which would be required under the Notes delivered by the Borrower based on the Outstanding Principal Amounts of such Notes as of the end of such period and the All-in-Rate at such time. All such calculations shall be subject to the approval of the Administrative Agent. For purposes of Section 10.03, the calculation of DSCR Debt Service shall be projected for a one year period in accordance with Section 10.03(c)(iv).
DSCR Debt Service means, for any period of time, the greater of (a) the sum of (i) all scheduled principal payments on the Loan that are due and payable during such period of time, plus (ii) all interest payments on the Loan that would be due and payable during such period of time based on the Contract Rate in effect on such date of determination; and (b) the principal and interest payments that would be due and payable during such period of time based upon a loan constant of *** multiplied by the outstanding principal balance of the Loan on the date such DSCR Debt Service is calculated.
DSCR Debt Service means, for any period, an amount equal to the payment of interest which would be required under the Notes delivered by the Borrower based on the Outstanding Principal Amounts under such Notes as of the end of such period and the All-in-Rate at such time. All such calculations shall be subject to the approval of the Administrative Agent. For purposes of Section 10.03, the calculation of DSCR Debt Service shall be projected for a one year period in accordance with Section 10.03(c)(iii). For the purpose of Section 2.10, the calculation of DSCR Debt Service shall be projected for a one year period based upon the sum of (i) one-year LIBO Rate as of the date of determination and (ii) the Applicable Margin for Eurodollar Loans, unless the Borrower, or an Other Swap Pledgor, has entered into a Hedge Agreement that is in compliance with Section 8.19 and has been pledged to the Administrative Agent for the benefit of the Lenders pursuant to Section 8.19 for the one-year period following the First Call Date or the one-year period following the Second Call Date, then the All-in-Rate based on such Hedge Agreement shall be used.
Examples of DSCR Debt Service in a sentence
All fees payable by Borrower hereunder, including but not limited to the Loan Origination Fee, the Loan Administration Fee and any Prepayment Premium, shall be deemed additional interest payable hereunder; provided however, in no event shall such fees be included as interest for purposes of calculating Debt Service, DSCR Debt Service or Debt Yield.
Weighted Average Stated #of Principal Prin -------------------------- Term Loans Balance Balance WAM Note rate DSCR TOTALS Stratification By Debt Service Coverage Ratio (DSCR) Debt Service % of Agg.
Weighted Average Stated #of Principal Prin -------------------------- Term Loans Balance Balance WAM Note rate DSCR TOTALS STATEMENT TO CERTIFICATEHOLDERS Distribution of Mortgage Loan Characteristics Page #4 Stratification By Debt Service Coverage Ratio (DSCR) Debt Service % of Agg.
More Definitions of DSCR Debt Service
DSCR Debt Service means, for any period, an amount equal to the payment of interest which would be required under the Notes delivered by the Borrower based on the Outstanding Principal Amounts under such Notes as of the end of such period and the All-in-Rate at such time, plus for the sixth Loan Year and/or the seventh Loan Year, only, in each case if applicable, any amounts of principal which would be required to be paid by Borrower under Section 3.01 during such period. All such calculations shall be subject to the approval of the Administrative Agent. For purposes of Section 10.03, the calculation of DSCR Debt Service shall be projected for a one year period in accordance with Section 10.03(c)(iii). For the purpose of Section 2.10, the calculation of DSCR Debt Service shall be projected for a one year period based upon the sum of (i) the one month LIBO Rate as of the date of determination and (ii) the Applicable Margin for Eurodollar Loans, unless the Borrower, or an Other Swap Pledgor, has entered into a Hedge Agreement that is in compliance with Section 8.19 and has been pledged to the Administrative Agent for the benefit of the Lenders pursuant to Section 8.19 for the one-year period following the First Call Date or the one-year period following the Second Call Date, then the All-in-Rate based on such Hedge Agreement shall be used.