Calculation of DSCR Clause Samples
Calculation of DSCR. “Quarterly DSCR” shall have the meaning set forth in the Base Indenture; provided that, for purposes of calculating the Quarterly DSCR:
Calculation of DSCR. Borrower expressly consents and agrees that Lender may, in its sole and absolute discretion, exclude ABMR and other non-cash rents (other than straight line rents which will be included in the definition of Operating Income) from the calculation of Operating Income (and correspondingly Underwritten Net Cash Flow, other DSCR calculations, Lockbox Events and Cure Events). Borrower acknowledges and agrees that, with respect to Lender’s exercise of any right of Lender to calculate, approve, disapprove, determine or decide any arrangement or term, Lender may do so in its sole and absolute discretion, which shall be final and conclusive.