Required Debt Coverage Ratio definition

Required Debt Coverage Ratio means 1.__ x 1.0. The calculation of the Required Debt Coverage Ratio will be based on a __-year amortization schedule. If the Loan has a floating interest rate, then the Lender will calculate the Required Debt Coverage Ratio using an annual interest rate of ___%.
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Required Debt Coverage Ratio means a Debt Coverage Ratio equal to at least the amount specified in Exhibit A-2, to be maintained by the Project through the relevant calculation period.
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Required Debt Coverage Ratio is set forth in Section 1.03.
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Examples of Required Debt Coverage Ratio in a sentence

  • For purposes of this Section 4.05, “Performance Standard” means: The achievement of an NOI that supports the Required Debt Coverage Ratio, as determined by Lender.

Related to Required Debt Coverage Ratio

  • Debt Coverage Ratio or “DCR” means the ratio of a Project’s net operating income (rental income less Operating Expenses and reserve payments) to foreclosable, currently amortizing debt service obligations.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.