Rate Coverage Test definition

Rate Coverage Test has the meaning set forth in Section 16(l) (Rate Coverage).
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Rate Coverage Test means the rate coverage test set forth in Section 16(m).
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Rate Coverage Test has the meaning set forth in Section 15(l) (Rate Coverage). “Rating Agency” means a rating agency registered with the Securities and Exchange‌ Commission as a nationally recognized statistical rating organization (as defined in 15 U.S.C. §78c(a)(62)).
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Examples of Rate Coverage Test in a sentence

  • The Borrower shall be credited with amounts available in the Ramp Up Reserve Account but not released from the Ramp Up Reserve Account solely to the extent necessary to comply with the Senior Debt Service Coverage Ratio and the Total Debt Service Coverage Ratio requirements of the Rate Coverage Test until such time as the Borrower is permitted to release all funds from the Ramp Up Reserve Account pursuant to Section 16(k)(ii) (Project Accounts; Permitted Investments).

  • The Borrower shall have delivered to the TIFIA Lender a certified Base Case Financial Model acceptable to the TIFIA Lender on or prior to the Effective Date demonstrating that the projected Project Revenues shall be sufficient to meet the Loan Amortization Schedule and satisfy the Rate Coverage Test contained in Section 16(l) hereof.

  • At any time when the Borrower is not in compliance with the Rate Coverage Test (whether in the current, or any future, Calculation Period), the Borrower shall not utilize any amounts in the Surplus Fund for any purpose other than those described in clauses (i) through (ix) of Section 3.14(c) of the Indenture (as of the date of this Agreement).

  • At any time when the Borrower is not in compliance with the Rate Coverage Test (whether in the current, or any future, Calculation Period after Substantial Completion), the Borrower shall not utilize any amounts in the Surplus Fund for any purpose other than those described in clauses [(i) through (vii) of Section 3.14(c)] of the Indenture (as of the date of this Agreement).

  • The Borrower shall not construct, operate, or enter into any agreement permitting or facilitating the construction or operation of, any toll roads or related road ways that will compete with the operations of the Dulles Toll Road in a manner that would materially and adversely affect the Borrower’s ability to comply with the Rate Coverage Test; provided that the operation and maintenance of the Dulles Airport Access Highway shall not be considered a competing facility.


More Definitions of Rate Coverage Test

Rate Coverage Test means the rate coverage test set forth in Section 16(l)(i).
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Related to Rate Coverage Test

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Interest Coverage Ratio means, as of the end of each fiscal quarter, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the then-most recently concluded period of four consecutive fiscal quarters.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio: