Examples of Loan Life Cover Ratio in a sentence

From January 2021, net working capital excluding credit facility amounts due and warrant liabilities, is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000;(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021;(iv) the Total Debt to Equity Ratio is less than 60 to 40;(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.
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%.
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The issuance and renewal of these documents may be conducted by way of capacity building at the Missions Abroad or mobile clinics.
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.

More Definitions of Loan Life Cover Ratio

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

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

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any amounts set out in paragraph 2(a) to (g) of Schedule 3 of the Account Agreement to the extent that such amounts are withdrawn from the account pursuant to Clause 4.2 of the Account Agreement on such date (to the extent such amounts are not treated as Cash Available for Debt Service))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 Senior Financing Agreements and is set out in row 9774 in 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 at any time means the ratio of:

Loan Life Cover Ratio. (“LLCR”): Ratio of present value of Cash Available for Debt Service (arrived at by using the Discount Rate) over the remaining term of the Facility to the amount outstanding under the Facility. Project Life Cover Ratio (“PLCR”): Ratio of present value of Cash Available for Debt Service (arrived at by using the Discount Rate) over the remaining term of the Project life, to the amount outstanding under the Facility. Out of the Ordinary* Credit Approved Term Sheet Gold One International Limited