Total Asset Coverage Ratio definition

Total Asset Coverage Ratio means, at any time, the ratio of (x) the Total Asset Amount at such time to (y) the Total Commitment at such time.

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Total Asset Coverage Ratio means, as of any date, the ratio of (a) the Appraised Value of the Coverage Assets as of such date to (b) the sum of (i) the aggregate principal amount of all Priority Lien Debt as of such date (including, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under all revolving credit facilities (including the Revolving Credit Agreement) of the Chilean Issuer and its Restricted Subsidiaries as of such date) plus (ii) the aggregate principal amount of all Junior Lien Indebtedness (including, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under a revolving credit facility as of such date) plus (iii) without duplication, the aggregate principal amount of all Permitted Refinancing Indebtedness in respect of Priority Lien Debt or Junior Lien Indebtedness as of such date (including, in each case, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under a revolving credit facility constituting such Permitted Refinancing Indebtedness as of such date) plus (iv) the aggregate outstanding amount of Pre-Sold Currency.

Total Asset Coverage Ratio means the ratio as of the last day of any Fiscal Quarter of

Examples of Total Asset Coverage Ratio in a sentence

The Borrower will not permit (a) the Total Asset Coverage Ratio to be less than 2.50:1.00 as of the last day of any month or (b) the RC Asset Coverage Ratio to be less than 1.00:1.00 at any time.
Any provision of this Agreement that requires the Borrower to be in compliance or compliance on a Pro Forma Basis with the Total Asset Coverage Ratio prior to December 31, 2015 shall be deemed to require that the Total Asset Coverage Ratio not be less than 2.50:1.00.
The Total Asset Coverage Ratio, tested as of the last day of each calendar month, shall be greater than or equal to 4.00:1.00.
At any time the Company is party to a Corporate Facility, the Company will not permit the Total Asset Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.50 to 1.00.
Lender shall have determined in its reasonable discretion that (a) the Total Asset Coverage Ratio, tested as of the day such Loan is requested and made on a pro-forma basis for the calendar month in which such Loan is requested and made, is greater than or equal to 4.00:1.00 and (b) the Senior Asset Coverage Ratio, tested as of the day such Loan is requested and made on a pro-forma basis for the calendar month in which such Loan is requested and made, is greater than or equal to 3.00:1.00.
Any provision of this Agreement that requires the Borrower to be in compliance or compliance on a Pro Forma Basis with the Total Asset Coverage Ratio prior to December 31, 2016 shall be deemed to require that the Total Asset Coverage Ratio not be less than 2.50:1.00.

More Definitions of Total Asset Coverage Ratio

Total Asset Coverage Ratio means, as of any date, the ratio of (a) the Appraised Value of the Coverage Assets as of such date to (b) the sum of (i) the aggregate principal amount of all Priority Lien Debt as of such date (including, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under all revolving credit facilities (including the Revolving Credit Agreement) of the Issuer and its Restricted Subsidiaries as of such date) plus (ii) the aggregate principal amount of all Junior Lien Indebtedness (including, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under a revolving credit facility as of such date) plus (iii) without duplication, the aggregate principal amount of all Permitted Refinancing Indebtedness in respect of Priority Lien Debt or Junior Lien Indebtedness as of such date (including, in each case, without duplication of any outstanding principal amounts, the amount of any unfunded commitments under a revolving credit facility constituting such Permitted Refinancing Indebtedness as of such date) plus (iv) the aggregate outstanding amount of Pre-Sold Currency.

Total Asset Coverage Ratio means the ratio of (a) Total Company Assets to (b) Total Company Indebtedness.

Total Asset Coverage Ratio means, as of any date of determination, the ratio of (a) the Total Asset Pool, to (b) the outstanding principal balance of the Revolving Loan.