Projected Debt Service Coverage Ratio definition

Projected Debt Service Coverage Ratio means, at any date of determination, for the period of 12 months immediately succeeding such date, the ratio of (a) Projected Cash Flow Available for Debt Service for such period to (b) Projected Debt Service for such period; provided that any and all assumptions used in the calculation thereof shall be reasonably acceptable to Administrative Agent.

Projected Debt Service Coverage Ratio means for any future period the ratio consisting of Total Projected Net Revenues for such future period of time divided by Net Debt Service during the same particular period of time for the Tier of Bonds so designated.

Projected Debt Service Coverage Ratio means the ratio, calculated by the Administrative Agent, based on the financial model utilized to create the Base Case Project Projections and applying each of the P50 Production Level and the P99 Production Level, of (a) (i) Project Revenues projected to be received by the Borrower or any Project Company from the ownership or operation of the Projects, less (ii) projected O&M Costs, to (b) Debt Service, calculated for each quarterly period during the remaining term under the Energy Hedge.

Examples of Projected Debt Service Coverage Ratio in a sentence

• Federal Criminal Prosecutions of Honken and JohnsonWith the discovery and successful identification and analysis of perimortem trauma of all five missing persons, criminal proceedings could move forward against Dustin Honken and Angela Johnson.The investigation of the murders was now over 10 years old, and hundreds of witnesses and informants had been interviewed.

• In addition, the Projected Debt Service Coverage Ratio shall be not less than 1.25, provided that if the issuance of the proposed Additional Bonds shall not increase the Debt Service Requirements on all Parity Bonds, including any Additional Bonds proposed to be issued, in any Fiscal Year, the requirement of this subsection (ii) shall be inapplicable.

• That, with regard to a failure to satisfy the requirements of clause (B) of paragraph (a)(ii), based upon forecasts and estimates contained in the report, the Obligated Group will generate the maximum amount of Aggregate Income Available for Debt Service which can reasonably be generated given such governing laws and regulations during the applicable period and that the Projected Debt Service Coverage Ratio for the applicable period is not less than 1.00.

• The Corporation also entered into agreements with Caterpillar to waive the requirement to maintain a minimum TNW until January 30, 2020 inclusively, and to waive the requirement of the Corporation to meet a Historical Debt Service Coverage Ratio and a Projected Debt Service Coverage Ratio until January 1, 2020.

• Discussions have been held with Link2 Learn and Southampton Action For Employment (SAFE) to link with their information and advice teams.

More Definitions of Projected Debt Service Coverage Ratio

Projected Debt Service Coverage Ratio means, with respect to any Co-op Mortgage Loan, as of any date of determination, the Projected Net Cash Flow for the related Mortgaged Property on an annualized basis, divided by the annualized monthly payments for such Co-op Mortgage Loan.

Projected Debt Service Coverage Ratio. As of any date of determination, the quotient of: (i) Cash Flow Available for Debt Service for such period; divided by (ii) the aggregate amount of Debt Service scheduled for such period, in each case based on amounts projected in the Base Case Projections.

Projected Debt Service Coverage Ratio means, with respect to the delivery of any Portfolio Report, the projected ratio of: (a) Revenues of all Owners, less Operating Expenses for the Twelve Month Period beginning on the Scheduled Payment Date occurring in the month to which such Portfolio Report pertains to (b) the aggregate outstanding interest and scheduled principal due and payable under the Term Loan during such Twelve Month Period.

Projected Debt Service Coverage Ratio as of any date, the ratio, based on the financial model utilized to create the applicable Base Case Projections of (a) Operating Cash Available for Debt Service to (b) Debt Service, calculated as of the last day of each fiscal quarter of the Borrower occurring through the Maturity Date and for the Calculation Periods ending on each fiscal quarter end.

Projected Debt Service Coverage Ratio means, for any applicable period, the ratio of

Projected Debt Service Coverage Ratio means with respect to the covenants contained in Section 902(c) and Section 903(b)(1)(ii) hereof, the ratio determined by dividing (i) Projected Net Revenues by (ii) a denominator equal to the Maximum Annual Debt Service in the then current or any succeeding Fiscal Year on all Parity Bonds, including any Additional Bonds proposed to be issued as Parity Bonds.

Projected Debt Service Coverage Ratio means, for the applicable period, the ratio of (a) Cash Flow Available for Debt Service projected for such period to (b) Debt Service projected for such period (excluding Working Capital Debt, all Indebtedness or Guarantees incurred pursuant clauses (f), (g), (h), (i), (j), (k), (l), (m), (o), (p) and (q) of Section 6.01 and the scheduled principal payment of any Senior Debt that has bullet maturities or balloon payments at maturity or in the final year prior to maturity). Where this Agreement states that the Projected Debt Service Coverage Ratio is to be based on Contracted Cash Flow, the Projected Debt Service Coverage Ratio shall mean, for any period, the ratio of (a) Contracted Cash Flow Available for Debt Service projected for such period to (b) Debt Service projected for such period (excluding Working Capital Debt, all Indebtedness or Guarantees incurred pursuant clauses (f), (g), (h), (i), (j), (k), (l), (m), (o), (p) and (q) of Section 6.01 and the scheduled principal payment of any Senior Debt that has bullet maturities or balloon payments at maturity or in the final year prior to maturity).