Examples of Prospective Debt Service Coverage Ratio in a sentence
Restricted Payments) has been satisfied on and as of the date such Restricted Payment is requested to be made, and setting forth a detailed calculation of the Historical Debt Service Coverage Ratio and the Prospective Debt Service Coverage Ratio attached hereto as Exhibit I.
Maintain, as of each Calculation Date, a Prospective Debt Service Coverage Ratio for each Calculation Date through to the Maturity Date of not less than 1.25:1.00.
An employee with a minimum of four hundred eighty (480) hours of unused sick leave may, on written notice to the City, donate sick leave time to another employee who has exhausted all sick leave and is in documented need of sick leave due to extended illness or injury.
The contractual relationship established the fulfillment of obligations by the Company, with emphasis on the financial ratios: a) Financial Debt/EBITDA ratio not exceeding 3.0x;b) Adjusted Financial Debt/EBITDA ratio not exceeding 5.0x in financial years 2021 and 2022; 4.2x in financial years 2023 and 2024; and 4.0x onwards;c) Prospective Debt Service Coverage Ratio of not less than 1.5x; The first disbursement of this operation is scheduled for the first quarter of 2022.
On the last day of each fiscal quarter of the Borrower, commencing on the last day of the fiscal quarter occurring after the Opening Date, the Borrower will not permit the Prospective Debt Service Coverage Ratio for the Prospective Test Period to be less than 1.35:1.00.