Prospective Debt Service Coverage Ratio the ratio obtained by dividing:
Prospective Debt Service Coverage Ratio or “PDSCR” means, for any Quarterly Payment Date, for the Fiscal Quarter including such Quarterly Payment Date and the three (3) Fiscal Quarters immediately following such Quarterly Payment Date, the ratio of (i) Cash Flow Available for Debt Service projected for such period to (ii) Debt Service projected for such period, in each case based on the then-current Operating Budget approved in accordance with Section 7.01(j)
Prospective Debt Service Coverage Ratio means, on any day, the ratio obtained by dividing:
Examples of Prospective Debt Service Coverage Ratio in a sentence
Any SARs not vested under this pro-rata vesting formula will be forfeited as of the Termination Date.
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.
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.
More Definitions of Prospective Debt Service Coverage Ratio
Prospective Debt Service Coverage Ratio means, for any Quarterly Payment Date, for the Fiscal Quarter including such Quarterly Payment Date and the three (3) Fiscal Quarters immediately following such Quarterly Payment Date, the ratio of (i) Cash Flow Available for Debt Service projected for such period to (ii) Debt Service projected for such period, in each case based on the then-current Operating Budget
Prospective Debt Service Coverage Ratio or “PDSCR” means, as of any Quarterly Payment Date, the ratio of (i) Cash Flow Available for Debt Service that the Borrower projects will be available during the two (2) upcoming Fiscal Quarters to (ii) Debt Service projected for the same two (2) Fiscal Quarters. Projections of Cash Flow Available for Debt Service shall be based on the then-current Operating Budgets approved in accordance with Section 7.01(j) (Affirmative Covenants – Operating Budgets) (or, if one or more of the upcoming two Fiscal Quarters falls in a period for which an Operating Budget has not yet been so approved, based on the budget levels permitted under clause (ii) of such Section 7.01(j)); provided, that, if the Borrower has knowledge of any event(s) or circumstance(s) reasonably expected to materially alter the Cash Flow Available for Debt Service reflected in those budgets, the effects of such events or circumstances shall be reflected in the projections.
Prospective Debt Service Coverage Ratio means, as of any Calculation Date, the forecasted ratio of (i) Cash Flow Available for Debt Service received by the Borrower to (ii) Debt Service scheduled to be paid by the Borrower, in each case for the twelve (12) months ending on each future Calculation Date (or, if shorter than twelve (12) months, the period commencing on the date that is three (3) months prior to the initial Principal Repayment Date and ending on such future Calculation Date) as determined by reference to the Financial Model as in effect on the date of determination.
Prospective Debt Service Coverage Ratio means, as of any Calculation Date, the forecasted ratio of (i) Cash Flow Available for Debt Service received by the Borrower to (ii) Debt Service scheduled to be paid by the Borrower, in each case for the twelve (12) months ending on each future Calculation Date (or, if shorter than twelve (12) months, the period commencing on the date that is three (3) months prior to the initial “Principal Repayment Date” (as such term is defined under the Senior Credit Agreement) and ending on such future Calculation Date) as determined by reference to the Financial Model as in effect on the date of determination.
Prospective Debt Service Coverage Ratio means, on any date with respect to any Prospective Test Period, the ratio of (a) the Prospective Revenue Amount for such Prospective Test Period to (b) the Prospective Debt Service Amount for such Prospective Test Period.
Prospective Debt Service Coverage Ratio or "Prospective DSCR" means, as at any date of calculation thereof, the Base Cash Flow of the Partnership for the period of twelve
Prospective Debt Service Coverage Ratio or "Prospective DSCR" means, as at any date of calculation thereof, calculated on a combined basis for the Credit Parties, the Base Cash Flow for the period of twelve (12) calendar months immediately following the date of calculation, divided by: