Interest Service Coverage Ratio definition

Interest Service Coverage Ratio means, for any Fiscal Quarter, the ratio of (i) Rolling EBITDA for such Fiscal Quarter to (ii) Rolling Interest Service for such Fiscal Quarter.
Interest Service Coverage Ratio means for any period (a) Cashflow Available for Interest Service for such period, divided by (b) all interest accrued by the Borrowers on the aggregate outstanding principal amount of the Loans during such period.
Interest Service Coverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, (1) the meaning of “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and takes into account, mandatory principal payments, on a pro forma basis)), and (2) in any case that “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or such comparable term is not defined in such Related Documents (or the foregoing proviso in clause (1) above applies), the ratio, for such Collateral Loan, of (a) EBITDA of the related Obligor for the Relevant Test Period to (b) cash interest expense of such Obligor for the Relevant Test Period, in each case, as calculated by the Collateral Manager in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the applicable Related Documents.

Examples of Interest Service Coverage Ratio in a sentence

  • For the purpose of reporting on Interest Service Coverage Ratio (ISCR) to lenders, subordinated loans are considered as equity and hence interest on the same is not included in total finance cost.

  • Important ratios like Debt Equity Ratio, Debt Service Coverage Ratio, Interest Service Coverage Ratio etc.

  • Interest Service Coverage Ratio: (Earning before Finance cost and Tax + Depreciation) / (Finance cost).

  • For the purpose of reporting on Interest Service Coverage Ratio (ISCR) to lenders, subordinated loans are considered as equity and hence interest on the same is not included in total interest cost.

  • Interest Service Coverage Ratio and Market Capitalization to Book Value of Total Debt were the variables included in Decision Tree but not in any other model and other common variables found in logistic regression are; Sales to Total Assets, PBIT to Total Assets and PBIT Margin.


More Definitions of Interest Service Coverage Ratio

Interest Service Coverage Ratio means for any period (a) Cashflow Available for Interest Service for such period, divided by (b) all interest accrued by Borrowers on the Outstanding Amount during such period.
Interest Service Coverage Ratio means, as at any Calculation Date, the ratio of:
Interest Service Coverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, (1) the meaning of “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and takes into account, mandatory principal payments, on a pro forma basis)), and
Interest Service Coverage Ratio means, at any time, with respect to the Borrower, on an unconsolidated basis, the ratio of (i) EBITDA less CAPEX to (ii) the interest expenses paid or required to be paid on the Total Debt of the Borrower during any relevant period;
Interest Service Coverage Ratio means, for any period with respect to Borrower, the ratio calculated by dividing (a) EBITDA for such period by (b) Interest Expense for such period.
Interest Service Coverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, (1) the meaning of “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and does not take into account principal repayments)), and (2) in any case that “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or such comparable term is not defined in such Related Documents (or the foregoing proviso in clause (1) above applies), the ratio, for such Collateral Loan, of (a) EBITDA of the related Obligor for the Relevant Test Period to (b) cash interest expense of such Obligor for the Relevant Test Period, in each case, as calculated by the Servicer in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the applicable Related Documents. “Investment Company Act” means the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder. "Investor Report” means the ongoing quarterly investor reports required under Article 7(1)(e) of the Securitisation Regulation and the Article 7 Technical Standards applicable thereto (as such reports may be amended and/or simplified from time to time). “IRS” means the U.S. Internal Revenue Service. “Law” means any action, code, consent decree, constitution, decree, directive, enactment, finding, guideline, law, injunction, interpretation, judgment, order, ordinance, policy statement, proclamation, promulgation, regulation, requirement, rule, rule of law, treaty, rule of public policy, settlement agreement, statute, or writ, of any Governmental Authority, or any particular section, part or provision thereof. “Lender” means each Dollar Lender and each Multicurrency Lender, as applicable. “Lender Fee Letter” means that certain fee letter, dated as of the Closing Date, by and among the Lenders and the Borrower, as amended or supplemented from time to time, and
Interest Service Coverage Ratio. Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and does not take into account principal repayments)), and (2) in any case that “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or such comparable term is not defined in such Related Documents (or the foregoing proviso in clause (1) above applies), the ratio, for such Collateral Loan, of (a) EBITDA of the related Obligor for the Relevant Test Period to (b) cash interest expense of such Obligor for the Relevant Test Period, in each case, as calculated by the Servicer in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the applicable Related Documents. “Investment Company Act” means the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder. "Investor Report” means the ongoing quarterly investor reports required under Article 7(1)(e) of the Securitisation Regulation and the Article 7 Technical Standards applicable thereto (as such reports may be amended and/or simplified from time to time). “IRS” means the U.S. Internal Revenue Service. “Law” means any action, code, consent decree, constitution, decree, directive, enactment, finding, guideline, law, injunction, interpretation, judgment, order, ordinance, policy statement, proclamation, promulgation, regulation, requirement, rule, rule of law, treaty, rule of public policy, settlement agreement, statute, or writ, of any Governmental Authority, or any particular section, part or provision thereof. “Lender” means each Dollar Lender and each Multicurrency Lender, as applicable. “Lender Fee Letter” means that certain fee letter, dated as of the Closing Date, by and among the Lenders and the Borrower, as amended or supplemented from time to time, and