Senior Debt Service Coverage Ratio means, for any Calculation Period, the ratio of Pledged Revenues for such Calculation Period to Senior Debt Service for such Calculation Period.
Senior Debt Service Coverage Ratio means, with respect to the Company, at any date of determination, the ratio of Operating Cash Flow during the Testing Period to Senior Debt Service for the Testing Period.
Senior Debt Service Coverage Ratio means, for any period and without duplication, the ratio of (a) (i) the sum of (A) all Revenues for such period and (B) the amount of interest and other income earned and credited on monies deposited in the Accounts (to the extent retained in such Accounts) for such period minus (ii) the sum of (A) Operation and Maintenance Costs for such period (except for such costs paid with monies on deposit in the Maintenance Reserve Account and the Mill Owner Maintenance Reserve Account) and (B) the aggregate of the amounts deposited into the Maintenance Reserve Account for such period (but for purposes of calculating any projected Senior Debt Service Coverage Ratio, not less than the Maintenance Reserve Account Required Deposit for such period) and the Mill Owner Maintenance Reserve Account for such period to (b) the sum of (i) all amounts payable by the Company during such period in respect of principal of and premium, if any, and interest on the Outstanding Indenture Securities, (ii) all amounts payable by the Company during such period in respect of rent under the IDB Lease Agreement, (iii) all amounts payable by the Company during such period in respect of payment obligations under the Working Capital Facility (other than repayment of principal), (iv) all amounts payable by the Company during such period as fees and other expenses (including any interest thereon) to any fiduciary acting in such capacity under the Security Documents and (v) the aggregate amount of overdue payments in respect of clauses (b)(i) through (iv) above from previous periods, in each case determined on a cash basis in accordance with GAAP. Neither payments (including deemed payments) nor receipts (including deemed receipts) in respect of principal of or premium, if any, or interest on the 1994 Bonds shall be included for purposes of calculating the Senior Debt Service Coverage Ratio.
Examples of Senior Debt Service Coverage Ratio in a sentence
A District may make adjustments from time to time in such rates and charges and may make such classification thereof as it deems necessary, but shall not reduce the rates and charges then in effect unless its Revenues and Senior Debt Service Coverage Ratio from such reduced rates and charges will at all times be sufficient to meet the requirements of this Section.
Failure of Borrowers to maintain a Senior Debt Service Coverage Ratio of at least 1.00 to 1.00 for the month ending January 31, 2005.
The Issuer will have a Non-Securitization Senior Debt Service Coverage Ratio as of the end of each fiscal quarter, calculated on a pro forma basis for the incurrence of Indebtedness during the applicable Testing Period, equal to or greater than 1.50 to 1.00.
Permit the Senior Debt Service Coverage Ratio to be less than 1.20:1.00, as of the end of each fiscal quarter of Borrower on a trailing twelve-month basis.
Maintain, at all times after the Commercial Operations Date, a Historical Senior Debt Service Coverage Ratio of at least 1.05:1.00.
More Definitions of Senior Debt Service Coverage Ratio
Senior Debt Service Coverage Ratio means, with respect to the specified period of reference, the ratio of (i) the gross cash flow of Borrower for the most recently completed Measurement Period less the sum of all expenses and required reserve deposits for such Measurement Period to (ii) the principal and interest payments made in connection with the Senior Debt Obligations for the most recently completed Measurement Period.
Senior Debt Service Coverage Ratio means the result of Free Cash Flow in any period of calculation divided by Senior Debt Service for such period of calculation.
Senior Debt Service Coverage Ratio or “Senior DSCR” shall mean the DSCR as calculated excluding clause (ii)(c) of the definition thereof. For the purposes of calculating the Senior DSCR, it is assumed that the base rate, SOFR rate or CP Rate for the related Interest Accrual Periods with respect to any Series of Variable Funding Notes will be equal to the then-current base rate, SOFR rate or CP Rate, as applicable, as determined in accordance with the related Variable Funding Note Purchase Agreement.
Senior Debt Service Coverage Ratio means, for any period, the ratio of EBITDA to interest expense and scheduled principal payments payable during such period in respect of the Senior Loans and any Additional Senior Secured Indebtedness existing at the time the calculation is made.
Senior Debt Service Coverage Ratio means, for any Calculation Period, the ratio of (a) Net Revenue for such Calculation Period to (b) Annual Debt Service in respect of all Senior Lien Obligations for such Calculation Period.
Senior Debt Service Coverage Ratio means for any period, the ratio of (i) Cash Available for Debt Service for such period to (ii) the amount of Senior Debt Service due and payable for such period.
Senior Debt Service Coverage Ratio means, for each City Fiscal Year, the ratio of: