Loan Life Coverage Ratio definition

Loan Life Coverage Ratio means, with respect to the incurrence by any Obligor of any proposed Funded Debt, the ratio of A to B, where:

Loan Life Coverage Ratio or “LLCR” means, for any Calculation Date and as set forth in the applicable Banking Case (or Exceptional Banking Case), the ratio of:

Loan Life Coverage Ratio means, at any Calculation Date and without duplication, the ratio of:

Examples of Loan Life Coverage Ratio in a sentence

• Loan Life Coverage Ratio (LLCR) – compares the net present value of CFADS vs outstanding debt over a 10, 15, and 19 years forward looking period.

• The two main bank ratios over the repayment period: Annual Debt Service Coverage Ratio (ADSCR) and Loan Life Coverage Ratio (LLCR).The ADSCR represents, for any operating year, the ability for the project company to cover/repay the debt taking into account the assumptions made in the model.

• If default is reached, the lender can require its debt to be repaid or even take over control of the project (instead of the shareholders);• Loan Life Coverage Ratio (LLCR).

• If default is reached, the lender can require its debt to be repaid or even take over control of the project (instead of the shareholders); Loan Life Coverage Ratio (LLCR).

• Table 7: ADSCR Annual Debt Service Coverage Ratio Net Cash flow J D 42,685.7 14,822.2 14,461.2 32,235.1 51,136.9 71,143.8 82,290.8 84,759.6 Total Debt Repayment Scheduled J D 10,229.1 9,577.1 8,925.1 8,273.1 7,731.6 7,052.0 6,372.3 5,692.7 Annual Debt Service Coverage Ratio - ADSCR # -4.2 -1.5 1.6 3.9 6.6 10.1 12.9 14.9 Following the ADSCR, the Loan Life Coverage Ratio was calculated.

More Definitions of Loan Life Coverage Ratio

Loan Life Coverage Ratio means, as of any date of determination, the ratio of (i) Net Present Value of Future Cash Flow for the period commencing with the Calculation Date on or after such date of determination and ending on the Maturity Date to (ii) the aggregate amount of Indebtedness outstanding or forecast to be outstanding under the Debt Facilities (calculated as of such date of determination using the Financial Model as then in effect) less the balances standing or forecast to be standing in the Capex Reserve Account and the Debt Service Reserve Account at each Calculation Date from the date of determination until the Maturity Date.

Loan Life Coverage Ratio means, as of any date, the ratio of (a) the net present value of the projected Available Cash Flow (as reflected in the then current Base Case Financial Model) until the Maturity Date, discounted by the Discount Rate to (b) the principal amount of the outstanding Loans on the date of calculation less the amounts then standing to the credit of the Debt Service Reserve Account. In calculating the Loan Life Coverage Ratio it shall be assumed that all payment and all transfers among the Proceeds Account and the Debt Service Reserve Account due to be made are in fact made.

Loan Life Coverage Ratio means, as of any date of determination, the ratio of (a) Net Present Value of Future Cash Flow for the period commencing with such date of determination and ending on the Maturity Date to (b) the Outstanding Amount on such date of determination.

Loan Life Coverage Ratio means, at any date, the ratio of (i) the sum of (a) the net present value (at a discount rate equal to the interest rate for the Securities) of the projected Available Cash Flow (other than Available Cash Flow of an Assignor for which there has occurred a default or an event of default under the Project Financing Documents for such Assignor's Project Company) from such date to the final maturity date of the Securities plus (b) the then remaining balance in the Debt Service Reserve Account plus (c) all interest and other investment income then on deposit in or credited to the Revenue Account and the Debt Service Reserve Account to (ii) the sum of (a) the aggregate principal amount of the Securities and all other Permitted Indebtedness which is repayable during the period from such date up to and including the final maturity date of the Securities plus (b) all Administrative Costs and other expenses due and payable during the period from such date up to and including the final maturity date of the Securities.

Loan Life Coverage Ratio means, for any period, (i) the sum of Cash Available for Debt Service for all remaining Scheduled Debt Service Payment periods, divided by (ii) the sum of all remaining unpaid Scheduled Debt Service Payments.

Loan Life Coverage Ratio or “LLCR” for either Tranche, in relation to any Determination Period (or any day falling in that Determination Period), the ratio of:

Loan Life Coverage Ratio or “LLCR” means, as of any date, the ratio of (a) (i) the sum of the net present value as of such date (discounted at a rate equal to the weighted average interest rate on Senior Loans as of such date, such interest rate to include the premia and fees in respect of the Loan PRI Policy) of Projected Cash Proceeds (excluding projected proceeds from sales of IVA Receivables, all projected equity contributions and proceeds from Subordinated Debt and other Sponsor Funding, all projected insurance proceeds payable to the Borrower in respect of assets of the Project, all projected Expropriation Compensation and projected proceeds of Indebtedness for Borrowed Money permitted under Section 8.19)) minus Projected Operating Costs for each successive six-month period commencing on such date and ending on the Final Maturity Date plus (ii) all cash in the Debt Service Reserve Account and the Operating Reserve Account on the day immediately following such date, to (b) the aggregate principal amount of Senior Loans outstanding on the day immediately following such date. The Loan Life Coverage Ratio will be calculated using the assumptions set forth in the Financial Model in effect as of the date of determination.