Underwritten DSCR definition

Underwritten DSCR has the meaning set forth in Section 2.7(b) hereof.
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Underwritten DSCR. ’ or ‘‘UW DSCR’’ means the ratio, the numerator of which is the Underwritten Net Cash Flow and the denominator of which is the Assumed Annual Debt Service for the Mortgage Loan or Trust Asset, as the case may be. When used with respect to any Mortgaged Property, the Underwritten DSCR is the same as that for the related Mortgage Loan or Trust Asset, as applicable.
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Examples of Underwritten DSCR in a sentence

  • Underwritten DSCR based on projected underwritten net cashflow is 1.74x.

  • If the subordinate non-trust loans had been included in the calculation, the resulting Underwritten DSCR on NOI would have been 1.43x.

  • Underwritten DSCR is based on Underwritable Cash Flow from property operations as health care centers.

  • Underwritten Net Cash Flow and Underwritten DSCR was calculated using "as stabilized" cash flows assuming a 5% vacancy excluding the anchor spaces of Bass Pro and Regal Cinemas, which were underwritten at 100% occupancy.

Related to Underwritten DSCR

  • Underwritten Takedown has the meaning set forth in Section 2(d)(ii).

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Underwritten Shelf Take-Down Notice has the meaning set forth in Section 2.02(e).

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Underwritten Offering means a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

  • Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e).

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Pending Underwritten Offering means, with respect to any Holder forfeiting its rights pursuant to this Section 4.5(l), any underwritten offering of Registrable Securities in which such Holder has advised the Company of its intent to register its Registrable Securities either pursuant to Section 4.5(a)(ii) or 4.5(a)(iv) prior to the date of such Holder’s forfeiture.

  • Underwritten Registration or Underwritten Offering A registration in which securities of the Company are sold to an underwriter for reoffering to the public.

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.

  • Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.

  • Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)

  • Shelf Takedown means an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, including a Piggyback Registration.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Managing Underwriter means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten Offering.

  • Piggyback Registration shall have the meaning given in subsection 2.2.1.

  • Managing Underwriters means the investment banker or investment bankers and manager or managers that shall administer an underwritten offering under a Shelf Registration Statement.

  • Underwriter means a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

  • Piggy-Back Registration is defined in Section 2.2.1.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Participating Underwriter means any of the original underwriters of the Bonds required to comply with the Rule in connection with offering of the Bonds.

  • Shelf Take-Down has the meaning set forth in Section 2.4(a).

  • Underwritten Registration or “Underwritten Offering” shall mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.