Minimum Coverage Ratio definition

Minimum Coverage Ratio at any fiscal quarter end, the ratio of (a) Adjusted Net Income, to (b) Rent minus interest income determined on a Consolidated basis, plus Consolidated interest expense, in each case referred to in this definition for the four consecutive fiscal quarters then ended.

Minimum Coverage Ratio has the meaning given to such term in Section 9.1 of this Agreement.

Minimum Coverage Ratio means, on any date, the ratio of (a) ---------------------- Consolidated EBITDA to (b) Consolidated Interest Expense.

Examples of Minimum Coverage Ratio in a sentence

• Demonstrated ability to create and maintain datasets in accordance with a prescribed purpose.

• The Coverage Certificate will set out: (1) whether or not the 2005 Project was in compliance with the Minimum Coverage Ratio during the Bond Year ending on the prior March 31; (2) the amount of Excess Revenues of the 2005 Project for the Bond Year ending on the prior March 31; and (3) whether or not the 2005 Project Budget shows that the Minimum Coverage Ratio will be met for the next five fiscal years.

• Rate Covenant The Company covenants and agrees, during any period of time other than the Duration of the Rental Agreements, to fix, charge, and collect, or cause to be fixed, charged, and collected, rents, rates, fees, and charges for the use of the Facilities and for the services furnished or to be furnished by the Facilities, sufficient to produce in each Fiscal Year a Debt Service Coverage Ratio equal to or in excess of the Minimum Coverage Ratio.

• If in the judgment of the Consultant it is not possible for the Company to satisfy the covenant contained in the above paragraph, the report of the Consultant must so indicate and must further indicate the anticipated Debt Service Coverage Ratio if the recommendations of the Consultant are followed, which will be substituted for the Minimum Coverage Ratio for the Fiscal Year in which the Consultant is retained and for the subsequent Fiscal Year.

More Definitions of Minimum Coverage Ratio

Minimum Coverage Ratio means a ratio determined by the Buyer and reported in the Buyer Relevant Systems in relation to an Equity Bridge Facility which aims at ensuring that undrawn capital commitments of the Fund can cover for possible drawings under the Equity Bridge Facility;

Minimum Coverage Ratio has the meaning ascribed to it in Section 5(l)(i). Export Prepayment Facility Agreement dated as of November 5, 2014 by and between Adecoagro Vale do Ivinhema S.A., ING Bank N.V. and Rabobank Curaçao N.V., among others. Monte Alegre - See Preamble.

Minimum Coverage Ratio means, at any time, the ratio of (i) Adjusted Consolidated Cash Flow for any calendar quarter or calendar year, as applicable, to (ii) the aggregate amount of all principal and interest payable by the Borrower and its Subsidiaries on account of Indebtedness during such calendar quarter or calendar year.

Minimum Coverage Ratio has the meaning ascribed to it in Section 5(l)(i). Execution Version Monte Alegre - See Preamble.

Minimum Coverage Ratio means 140% and shall be calculated by dividing one hundred percent (100%) of the then outstanding Revolving Loans by approximately 70% of the unpaid principal balance of Eligible Accounts, each measured as of the time of such determination.

Minimum Coverage Ratio means 1.15 to 1 for the preceding twenty-four (24) month period ending on the last day of the calendar month preceding the date of determination and for the projected subsequent two (2) twelve (12) month periods as forecasted in the budget submitted by Borrower and approved by Lender, calculated by dividing (x) the preceding twenty-four (24) months' Net Operating Cash from all Projects (assuming each of such Projects has been a Project for at least twenty-four (24) months) by (y) debt service on the Senior Loan for the same twenty-four (24) month period.

Minimum Coverage Ratio means each of the Minimum Global Coverage Ratio and the Minimum Prepayment Life Coverage Ratio.