DSCR Threshold definition

DSCR Threshold means the greater of (x) the Closing Date DSCR and (y) the DSCR on the last day of the applicable Test Period as described in Section 2.1(a).
Sample 1Sample 2Sample 3
DSCR Threshold means with respect to any date on which the DSCR is measured (i) if the weighted average daily Carrying Costs during the related Interest Accrual Period is less than [***]%, 1.30, (ii) if the weighted average daily Carrying Costs during the related Interest Accrual Period is equal to or greater than [***]% but less than [***]%, 1.15 and (iii) if the weighted average daily Carrying Costs during the related Interest Accrual Period is equal to or greater than [***]%, 1.10.
Sample 1Sample 2
DSCR Threshold means, with respect to any release of a Mortgaged Property, the greater of (x) the Closing Date DSCR and (y) the DSCR immediately prior to giving effect to the release of such Mortgaged Property.
Sample 1

Examples of DSCR Threshold in a sentence

  • Property Portfolio: Top 10 Properties by Value106Table 5.1: Summary of Australian CMBS (2000 - 2005) 116Table 5.2: LTV and DSCR Threshold in Australian CMBS Issues (2000 - 2005) 121 Table 5.3: Composition of Australian CMBS Property Portfolios by Property Class123 Table 5.4:Multiplex CMBS Issuer Ltd.

  • Additionally, the Special Servicer and the Controlling Class Representative may consent to a maximum 1125 17th Street Pari Passu Amount of $20,000,000 or a minimum 1125 17th Street DSCR Threshold of 1.15x.

  • Upon the occurrence of the DSCR Threshold Event, Borrower shall not be required to make any additional deposits into the Debt Service Reserve Subaccount and all funds on deposit in the Debt Service Reserve Subaccount shall be released to Borrower.

  • Where the Study Score for a study is less than 20, the score will be reported to the student as <20.


More Definitions of DSCR Threshold

DSCR Threshold means, with respect to any release of a Property, the greater of (x) the Closing Date DSCR and (y) DSCR immediately prior to such release.
Sample 1
DSCR Threshold means, (i) with respect to a calculation of the Debt Service Coverage Ratio pursuant to Section 2.5.1(g) of this Agreement, the greater of (x) 2.35 to 1.00 and (y) the Debt Service Coverage Ratio calculated as of the date immediately prior to the Property Release, and (ii) with respect to a calculation of the Debt Service Coverage Ratio in clause (iii) of the definition of “Cash Sweep Event Cure”, 1.80 to 1.00.
Sample 1
DSCR Threshold means with respect to any date on which the DSCR is measured (i) if the weighted average daily Carrying Costs during the related Interest Accrual Period is less than [***]%, 1.30, (ii) if the weighted average daily Carrying Costs during the related Interest Accrual Period is equal to or greater than [***]% but less than [***]%, 1.15 and (iii) if the weighted average daily Carrying Costs during the related Interest Accrual Period is equal to or greater than [***]%, 1.10. “Early Amortization Event” means the occurrence of the any of the following events: (i) on any Payment Date, the Solar Asset Payment Ratio is less than 85.0% for the three consecutive calendar months preceding such Payment Date; (ii) on any Payment Date, the DSCR is less than or equal to the applicable DSCR Threshold for such Payment Date and the immediately preceding Payment Date; (iii) the Financial Covenant is not satisfied; (iv) an Event of Default has occurred and is continuing; (v) the Sponsor (or its applicable Affiliate) has been removed as Servicer under a Services Agreement; (vi) a Transaction Manager Termination Event has occurred and is continuing; (vii) a Sponsor Change of Control has occurred; or (viii) a Permitted Change of Control has occurred; provided, that an Early Amortization Event shall terminate (with the Availability Period and the Maturity Date being restored to the respective period and date in effect prior to giving effect to the occurrence of the Early Amortization Event), with respect to an Early Amortization Event of the type described in: (i) clause (i) above, on the Payment Date on which the Solar Asset Payment Ratio is equal to or greater than 85.0% for the three (3) consecutive calendar months preceding such Payment Date, (ii) clause (ii) above, on the Payment Date on which the DSCR is equal to or greater than the DSCR Threshold for such Payment Date, (iii) clause (iii) above, on the date the Financial Covenant has been satisfied,
Sample 1
DSCR Threshold means, with respect to any release of a Permitted Release Parcel, the greater of (x) the Closing Date DSCR and (y) the lesser of (i) DSCR immediately prior to such release and (ii) 4.09x. “EEA Bail-In Action” means the exercise of any EEA Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. “EEA Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EEA Bail-In Legislation Schedule. “EEA Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 7
Sample 1
DSCR Threshold has the meaning set forth in the Mortgage Loan Agreement.
Sample 1

Related to DSCR Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $4 Billion ($4,000,000,000.00).

  • Threshold means with respect to Party B: infinity.

  • Micro-purchase threshold means $10,000, except it means—

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Threshold Percentage means 15%.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.