Historic DSCR definition

Historic DSCR means the ratio of Historic Cashflow to Historic Debt Service.
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Historic DSCR means, as at a Repayment Date in respect of the 6 Month period immediately preceding that Repayment Date, the ratio of:
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Historic DSCR has been defined in the MDA as “...the ratio of Historic Consolidated Cashflow to Historic Consolidated Debt Service for the relevant historic Test Period”. The definition of “Historic Consolidated Cashflow” does not take into account the impact of the Revenue Transactions. The definition of “Historic Consolidated Debt Service” excludes any payments received under the Revenue Transactions. HS1 is seeking the changes proposed in Appendix 1 (Amended MDA definitions) to ensure that the payments received and payments made under Revenue Transactions are taken into account in the definition of Historic Consolidated Cashflow (i.e. the numerator in the ratio Historic DSCR calculation) and to ensure that the payments received under Revenue Transactions are not excluded from the Historic Consolidated Debt Service (i.e. the denominator in the ratio Historic DSCR calculation).
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Examples of Historic DSCR in a sentence

  • The Default Ratio in respect to the BLCR ratio is 1.1:1 and in respect to the Historic DSCR and the Projected DSCR ratio is 1.05:1.

  • A DSCR Cash Trap Event occurs if the Historic DSCR and/or Projected DSCR is less than 130 per cent.

  • The mandate of the directors appointed in accordance with this subparagraph shall expire at the same time as the mandate of those who were in office when they were elected.

  • The definitions in the MDA relating to the calculations of Historic DSCR and Projected DSCR treat the payments made and received under the Revenue Transactions as debt rather than as cashflow.

  • Leadership is practiced in due agreement with the development phase and need of individual team members and the team (according to B, Tuckman).Source: Broegger, B.

  • The CTA and the MDA provide for the calculation of the Historic DSCR and Projected DSCR.

  • HS1 is seeking the changes proposed in this STID Proposal to provide for the treatment of payments received and made under Revenue Transactions for the purposes of the Historic DSCR and Projected DSCR as revenue cashflows and not as debt cashflows.

  • HS1 is seeking the changes proposed in this STID Proposal to provide for the treatment of payments received and made under Revenue Transactions for the purposes of the Historic DSCR and Projected DSCR as revenue and not as debt.

  • In addition, he notes that sections 78(3.02) and 78(3.04) of the Act specifically provide that the OEB has the power to create deferral or variance accounts for the smart meter initiative and costs associated with complying with Ministerial directives that require the establishment of conservation and demand management targets.


More Definitions of Historic DSCR

Historic DSCR has the meaning set forth in Section 6.10(a).
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Historic DSCR means, for each Calculation Period, the ratio of:
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Historic DSCR. (Historic Debt Service Cover Ratio) means, in relation to any Calculation Date, the ratio of: Available Cashflow for the Calculation Period ending on that Calculation Date; to Debt Service payable during the Calculation Period ending on that Calculation Date.]44
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Related to Historic DSCR

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Leverage means the aggregate amount of indebtedness of the Company for money borrowed (including purchase money mortgage loans) outstanding at any time, both secured and unsecured.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each Fiscal Month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day, by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Distribution Compliance Period means the period that ends 40 days after the completion of the distribution of each Tranche of Notes, as certified by the relevant Dealer (in the case of a non-syndicated issue) or the relevant Lead Manager (in the case of a syndicated issue);

  • Consolidated Fixed Charge Coverage Ratio means, with respect to any Person, the ratio of Consolidated EBITDA of such Person during the four full fiscal quarters (the “Four-Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which internal financial statements are available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four-Quarter Period. In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to (i) the incurrence or repayment of any Indebtedness or the issuance of any Designated Preferred Stock of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness or the issuance or redemption of other Preferred Stock (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to revolving credit facilities, occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such incurrence or repayment or issuance or redemption, as the case may be (and the application of the proceeds thereof), had occurred on the first day of the Four-Quarter Period; and (ii) any Asset Sales or other dispositions or Asset Acquisitions (including any Asset Acquisition giving rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA attributable to the assets which are the subject of the Asset Acquisition or Asset Sale or other disposition and without regard to clause (vi) of the definition of Consolidated Net Income), investments, mergers, consolidations and disposed operations (as determined in accordance with GAAP) occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the incurrence or assumption of any such Acquired Indebtedness), investment, merger, consolidation or disposed operation, occurred on the first day of the Four-Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such other Indebtedness that was so guaranteed.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Senior Leverage Ratio means, on any date, the ratio of Total Debt less the sum of (a) the aggregate outstanding principal amount of the Senior Subordinated Notes plus (b) Available Cash on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Transaction Date means, with respect to the Incurrence of any Indebtedness by the Company or any of its Restricted Subsidiaries, the date such Indebtedness is to be Incurred and, with respect to any Restricted Payment, the date such Restricted Payment is to be made.

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and