Operating DSC definition

Operating DSC. ’ or ‘‘ODSC’’ shall mean Operating Debt Service Coverage calculated as:
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Operating DSC. ’ or ‘‘ODSC’’ shall mean Op- erating Debt Service Coverage calculated as:
Sample 1

Examples of Operating DSC in a sentence

  • Promptly following the end of each calendar year, the Borrower shall report, in writing, to RUS the TIER, Operating TIER, DSC and Operating DSC levels which were achieved during that calendar year.

  • Operating TIER and Operating DSC would be testedretrospectively using the same averaging of the best two out of three years as isused for standard TIER and DSC.Since a borrower’s electric utility business accounts for most of thefinancing provided by RUS, is the main source of revenue for repaying the loans, and provides the primary security forthe loans, RUS believes it is reasonable to expect this business to be financially viable and not dependent on othersources of income to cover business expenses.

  • Any loan used to refinance or refund a Contempora- neous Loan is also considered to be a Con- temporaneous Loan.‘‘Coverage Ratios’’ shall mean, collec- tively, the following financial ratios: (i) TIER of 1.25; (ii) Operating TIER of 1.1; (iii) DSC of 1.25; and Operating DSC of 1.1. Pt. 1718, Subpt.

  • Promptly following the end of each calendar year, the Borrower shall report, in writing,7 CFR Ch. XVII (1–1–07 Edition)to RUS the TIER, Operating TIER, DSC and Operating DSC levels which were achieved during that calendar year.

Related to Operating DSC

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Operating Day means the daily 24 hour period beginning at midnight for which transactions on the PJM Interchange Energy Market are scheduled.

  • Operating Instructions means the operating procedures, steps, and instructions for the operation of the Interconnection Facilities established from time to time by the Coordination Committee or the PJM and NYISO individual procedures and processes and includes changes from time to time by the Coordination Committee to such established procedures, steps and instructions exclusive of the individual procedures.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III. Network Operating Committee: