Historical Debt Service Coverage Ratio or “HDSCR” means, as of any Quarterly Payment Date, for the four (4) Fiscal Quarters immediately preceding (and not including the then-current Fiscal Quarter) such Quarterly Payment Date (or, if less than four (4) Fiscal Quarters have elapsed since the Conversion Date, for such number of full Fiscal Quarters that has elapsed since the Conversion Date), the ratio of (i) Cash Flow Available for Debt Service during such period to (ii) Debt Service during such period.
Historical Debt Service Coverage Ratio means, at any date of determination, for the period of 12 months immediately preceding such date, the ratio of (a) Cash Flow Available for Debt Service for such period to (b) Debt Service for such period; provided that, for the Semi-Annual Periods prior to the first anniversary of the Commercial Operation Date, such Cash Flow Available for Debt Service and Debt Service shall be annualized for each such Semi-Annual Period rather than calculated for the two consecutive Semi-Annual Periods most recently ended.
Historical Debt Service Coverage Ratio means, as of any calculation date, the ratio obtained by dividing (a) Net Cash Flow from Operations for the twelve (12) month period ending on the most recent Financial Quarter Date, by (b) Debt Service for such period. IDB has the meaning assigned to that term in the introductory paragraph hereto.
Examples of Historical Debt Service Coverage Ratio in a sentence
After the end of the Availability Period the Borrower shall maintain a Historical Debt Service Coverage Ratio of at least [*****], subject to the Equity Cure rights detailed in Section 10.01(e) (Breach of Debt Service Coverage Ratio).
More Definitions of Historical Debt Service Coverage Ratio
Historical Debt Service Coverage Ratio means, as of any Quarterly Payment Date, for the four (4) Fiscal Quarters immediately preceding (and not including the then-current Fiscal Quarter) such Quarterly Payment Date (or, if less than four (4) Fiscal Quarters have elapsed since the Conversion Date, for such number of full Fiscal Quarters that has elapsed since the Conversion Date), the ratio of (i) Cash Flow Available for Debt Service during such period to (ii) Debt Service during such period.
Historical Debt Service Coverage Ratio means with respect to a Person the ratio obtained by dividing:
Historical Debt Service Coverage Ratio means, for any period of time, the ratio determined by dividing Income Available for Debt Service for that period by the Debt Service Requirement for such period; provided that, when such calculation is being made with respect to the System, Income Available for Debt Service and Debt Service Requirements shall be determined only with respect to those Persons who are System Affiliates at the close of such period.
Historical Debt Service Coverage Ratio has the meaning ascribed thereto in the Accounts Agreement.
Historical Debt Service Coverage Ratio means, as at any Calculation Date, the ratio of:
Historical Debt Service Coverage Ratio means, for any period of time, the ratio consisting of a numerator equal to the amount determined by dividing Net Income Available for Debt Service for that period by the Debt Service Requirements for such period and a denominator of one; provided that, in calculating the Debt Service Requirements for any completed period, the principal amount of any indebtedness included in such calculation which is paid during such period shall be excluded to the extent such principal amount is paid from the proceeds of other indebtedness incurred in accordance with the provisions of the Loan Agreement or from amounts deposited to provide for such payment pursuant to an amortization schedule established and maintained, which amounts were deposited in Fiscal Years prior to the Fiscal Year in which such principal became due.
Historical Debt Service Coverage Ratio means, with respect to the period of time for which calculated, the ratio consisting of a numerator equal to the amount determined by dividing Income Available for Debt Service for such period by the Debt Service Requirements for such period and a denominator of one; provided, however, that in calculating the Debt Service Requirements for such period, the following shall be excluded (a) principal or interest on Indebtedness paid from amounts on deposit in an irrevocable escrow established to pay such principal or interest, (b) principal or interest on Short Term Indebtedness, (c) principal or interest on Indebtedness of a Member or Obligated Group Affiliate to any other Member or Obligated Group Affiliate, any guarantee by any Member or Obligated Group Affiliate of Indebtedness of any other Member or Obligated Group Affiliate, or the joint or several liability of any Member on Indebtedness issued by any other Member, and (d) the principal amount of any Interim Indebtedness paid during such period to the extent such principal amount is paid from a source other than revenues.