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
Contango hereby requests the Required Lenders to (i) consent to the Amended Corporate Budget and (ii) amend the Existing Credit Agreement to modify the minimum Projected Debt Service Coverage Ratio set forth in Section 5.22(b) (Financial Covenants) of the Existing Credit Agreement.
Contango hereby requests the Required Lenders to (i) consent to (a) Contango’s entry into the Acquisition Agreement and (b) Contango’s consummation of the Transaction (including each payment of the Consideration) and (ii) amend the Existing Credit Agreement to modify the minimum Projected Debt Service Coverage Ratio set forth in Section 5.22(b) (Financial Covenants) of the Existing Credit Agreement.
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 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 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 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 any future period of time, the ratio consisting of a numerator equal to the amount determined by dividing the projected Income Available for Debt Service for that period by the Maximum Annual Debt Service Requirements for the Indebtedness expected to be outstanding during such period and a denominator of one.