Threshold DSCR means 1:65 to 1:00.
Threshold DSCR means, with respect to any Indemnification Amount or any Insurance/Condemnation Proceeds, the DSCR as of the Quarterly Payment Date occurring in the month of December immediately preceding the date on which (i) in the case of any Insurance/Condemnation Proceeds, a Securitization Entity receives the Net Cash Proceeds with respect to the applicable Insurance/Condemnation Proceeds, or (ii) in the case of an Indemnification Amount, the Manager would be required to pay such Indemnification Amount to the applicable Securitization Entity but for the potential application of the materiality thresholds set forth in the definition of “Indemnification Amounts Threshold Amount;” provided that for the period commencing on the Closing Date and ending on the first Quarterly Payment Date occurring in the month of December thereafter, the Threshold DSCR shall be deemed to be greater than 2.75x.
Threshold DSCR means a Debt Service Coverage Ratio, for the Loan, with respect to the Properties, equal to 1.25 to 1.00.
More Definitions of Threshold DSCR
Threshold DSCR means, with respect to any Indemnification Amount, the DSCR as of the Quarterly Payment Date occurring in the month of December immediately preceding the date that the Manager would be required to pay such Indemnification Amount to the applicable Securitization Entity but for the potential application of the materiality thresholds set forth in the definition of “Indemnification Amounts Threshold Amount;” provided that for the period commencing on the Closing Date and ending on the first Quarterly Payment Date occurring in the month of December thereafter, the Threshold DSCR shall be deemed to be greater than 2.75x. “Trustee” has the meaning set forth in the preamble hereto. “Trustee Indemnitee” has the meaning set forth in SECTION 2.8 hereof. SECTION 1.
Threshold DSCR means, with respect to any Permitted Asset Disposition, Indemnification Amount or any Insurance/Condemnation Proceeds, the DSCR as of the Quarterly Payment Date occurring in the month of May immediately preceding the date of (i) in the case of any Permitted Asset Disposition or Insurance/Condemnation Proceeds, the receipt by a Securitization Entity of, respectively, the Net Cash Proceeds with respect to the applicable Permitted Asset Disposition or the applicable Insurance/Condemnation Proceeds, or (ii) in the case of an Indemnification Amount, the date that the applicable Non-Securitization Entity would be required to pay such Indemnification Amount to the applicable Securitization Entity but for the potential application of the materiality thresholds set forth in the definition of “Indemnification Amounts Threshold Amount”; provided that for the period commencing on the Closing Date and ending on the first Quarterly Payment Date occurring in the month of May thereafter, the Threshold DSCR shall be deemed to be greater than 2.75x.
Threshold DSCR means 1.63.