Loan Life Cover Ratio definition

Loan Life Cover Ratio means the ratio of A to B where, on any Calculation Date:

Loan Life Cover Ratio or “LLCR” means the ratio of (i) the net present value of Net Cash Flow (calculated on the basis of the Forecast Assumptions) from the relevant Forecast Date until the Final Maturity Date plus the net present value of Relevant Capital Expenditure to (ii) the aggregate of all Loans outstanding under the Facility on that Forecast Date.

Loan Life Cover Ratio or "LLCR" means the ratio of A to B with:

Examples of Loan Life Cover Ratio in a sentence

• The Loan Life Cover Ratio (LLCR) which as calculated as: Net Present Value of Cashflow Available for Debt Service (”CFADS”) / Outstanding Debt in the period.

• AEF shall develop for the Customer a financial pro forma which shall be sufficient to ascertain compliance with such Category 1C QL Loan Life Cover Ratio.

• The DER for funding a project would always be capped by the ADSCR requirement of the lenders.Net Present Value Debt Cover Ratio (NPV CDR)NPV of cash flow available for servicing the debt over the loan life ÷ Outstanding debtAlso called Loan Life Cover Ratio.

• The most critical debt covenants in the facility agreement stipulate that after the start of operations and during the duration of the loan, SVE is obliged every June and December before the scheduled debt repayments to provide proof of meeting the following financial parameters: Loan Life Cover Ratio (LLCR) equal or above 1.05, Average Debt Service Cover Ratio (ADSCR) equal or above 1.10 and Debt to Equity Ratio equal or below 83%/17%.

• Lock Up Hurdle on any date, on the Calculation Date preceding that date: 1 the Debt Service Cover Ratio is greater than 1.25:1; 2 the Loan Life Cover Ratio is greater than 1.50:1; and 3 the Project Life Cover Ratio is greater than 2.00:1.

More Definitions of Loan Life Cover Ratio

Loan Life Cover Ratio or “LLCR” means, in respect of any Calculation Date falling after the Interest Payment Date falling in 30 June 2023, the ratio of “A” to “B” where:

Loan Life Cover Ratio shall have the meaning given to it in the Senior

Loan Life Cover Ratio means, at any Calculation Date, the ratio of A:B where: A is the aggregate of the Discounted Cash Available for Debt Service (as shown in the then applicable Forecast) and the aggregate of the credit balances on the Debt Service Reserve Account together with the aggregate amount available for drawing under any Debt Service Reserve L/C, the Reserved Cashflow Account (only after deduction of any amounts set out in paragraph 2(a) to (g) of Schedule 3 of the Account Agreement to the extent that such amounts are withdrawn from the account pursuant to Clause 4.2 of the Account Agreement on such date (to the extent such amounts are not treated as Cash Available for Debt Service)) at the Calculation Date; and

Loan Life Cover Ratio means, at any Calculation Date, the ratio of:

Loan Life Cover Ratio has the meaning given to it in the CTA and is set out in row 9182 of the tab "C01_Workings" of the Effective Date Financial Model; Lock-In Period means the period from the Effective Date until the Responsibility Transfer Date; Losses means all damages, losses, liabilities, costs, expenses (including legal and other professional charges and expenses), and charges whether arising under statute, contract or at common law or in connection with judgments, proceedings, internal costs or demands and Loss shall be construed accordingly;

Loan Life Cover Ratio means, at any particular point in time, the ratio between ~ 2. 1.27.1 the anticipated revenue that Bidco will derive out of the project for the period from the date on which the determination is made until the final date, as reflected in the most recently updated project forecast; and 2. 1.27.2 all amounts (including, without limitation, any capital repayments and any interest) as reflected in the most recently updated project forecast, which, if the ratio is determined in respect of the principal loan, will become due and payable by Bidco to PSGIB in respect of the principal loan during the same period or, if the ratio is determined in respect of the working capital facility, will become due and payable by Bidco to PSGIB during the same period in respect of the working capital facility; 2.1.28 "THE MINIMUM RATIOS" means the various minimum ratios referred to in 10.1.1, 10.1.2, 10.1.3 and 10.1.4 below; 6

Loan Life Cover Ratio means, in relation to any Calculation Date, the ratio of: the sum of the Discounted Cashflow for Debt Service and any Balance of [the DSRA][and] [the Operating Account] (without double counting) on such Calculation Date; to the aggregate principal amount outstanding under the Facilities [and any pari passu Financial Indebtedness scheduled for repayment [or reduction] on or before the Final Maturity Date] on such Calculation Date, in each case, having taken into account all repayments to be made on such Calculation Date.]49