Portfolio Coverage Ratio means, as determined on a Testing Date based on the applicable period of determination or measurement, the ratio of (i) the Cash Flow for all of the Facilities for the applicable period to (ii) Base Rent payments relating to such Facilities payable under this Lease for the applicable period.
Portfolio Coverage Ratio has the meaning set forth in §15.7.1.
Portfolio Coverage Ratio is the ratio of [i] Portfolio Cash Flow for each applicable period; to [ii] the Base Rent payments under this Lease and all other debt service and equipment lease payments relating to the Facilities for the applicable period.
Examples of Portfolio Coverage Ratio in a sentence
As of the last day of each Test Period, commencing with the calendar quarter ending December 31, 2015, the Portfolio Coverage Ratio shall not be less than 2.2 to 1.0.
More Definitions of Portfolio Coverage Ratio
Portfolio Coverage Ratio means the ratio of (a) the Combined Facility EBITDARM for the applicable period to (b) Minimum Rent.
Portfolio Coverage Ratio means, as of the applicable date of determination (based on the applicable Financial Covenant Report), the ratio of (A) the Portfolio Cash Flow for all of the Properties for the Trailing Four Quarter Period, to (B) the Lease Rent for the Trailing Four Quarter Period.
Portfolio Coverage Ratio means with respect to the Portfolio, the ratio of (i) the Cash Flow for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments for the applicable period, calculated on a trailing twelve (12) month basis.
Portfolio Coverage Ratio means the ratio of (A) the Cash Flow under all of the Leases identified as “Grand Court Leases” on Exhibit A, for all of the Facilities (as defined in the Grand Court Leases) for the applicable period; to (B) Fixed Rent under all of the Grand Court Leases, and all other debt service and lease payments relating to such Facilities for the applicable period calculated on a trailing twelve (12) month basis.
Portfolio Coverage Ratio as of any calculation date is the ratio of [i] Portfolio Cash Flow for the then preceding 12-month period; to [ii] the Base Rent payments under this Lease for the then preceding 12-month period.
Portfolio Coverage Ratio means, as of any date, the ratio of (i) Net Operating Income for all of the Facilities calculated based on trailing twelve months up to the date of calculation to (ii) the Current Lease Payment, as of such date, for the applicable period.
Portfolio Coverage Ratio means the ratio of (i) the Cash Flow for all of the Facilities under this Lease and all of the Facilities under the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period; to (ii) Fixed Rent, and all other debt service and lease payments, relating to such Facilities under this Lease and the Other Leases (other than the Facility under the Whitehall Lease), for the applicable period (and, for the purpose of calculating the applicable Portfolio Coverage Ratio with respect to any period prior to the Commencement Date applicable to any Leased Property under this Lease or the aforesaid Other Leases, the Fixed Rent applicable to each such Leased Property for any period prior to the Commencement Date applicable to such Leased Property under this Lease or one of the aforesaid Other Leases shall be assumed to have accrued and been payable at the same annual rate of Fixed Rent that is applicable to such Leased Property as of its applicable Commencement Date under this Lease or one of the aforesaid Other Leases).