Financial Coverage Bank Guarantee or “Financial Coverage BG” shall have the meaning ascribed to it in Clause 12.2.1;
Debt Service Coverage Ratio means a ratio for the applicable period in which:
Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.
Acceptable Letter of Credit means a standby letter of credit, issued by a bank or financial institution acceptable to Bank in its Permitted Discretion, in form and substance satisfactory to Bank in its Permitted Discretion, in an amount equal to 105% of the Letter of Credit Usage, naming Bank as beneficiary to reimburse payments of drafts drawn under outstanding Letters of Credit.