Unsecured Debt Service Coverage Ratio Sample Clauses

Unsecured Debt Service Coverage Ratio. Permit the Unsecured Debt Service Coverage Ratio, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be equal to or less than 1.75 to 1.0.
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Unsecured Debt Service Coverage Ratio. As at any fiscal quarter end of the Borrower, permit the ratio of (i) total Net Operating Income for the fiscal quarter of the Borrower then ending attributable to all Unencumbered Assets to (ii) the portion of the Consolidated Interest Expense for such fiscal quarter in respect of Unsecured Indebtedness to be less than 2.0:1.0.
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Unsecured Debt Service Coverage Ratio. Total Net Operating Income as of such fiscal quarter end of the Borrower attributable to all Unencumbered Assets is $_______________ and the portion of the Consolidated Interest Expense for such fiscal quarter in respect of Unsecured Indebtedness is $______________. Accordingly, as at any fiscal quarter end of the Borrower, the ratio of (i) total Net Operating Income for the fiscal quarter of the Borrower then ending attributable to all Unencumbered Assets to (ii) the portion of the Consolidated Interest Expense for such fiscal quarter in respect of Unsecured Indebtedness is _________:1.0. [Such ratio must not be less than 2.0:1.0.]
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Unsecured Debt Service Coverage Ratio. Maintain at all times an Unsecured Debt Service Coverage Ratio of not less than 1.75:1.00. provided that, notwithstanding anything herein to the contrary, the calculations for all of the financial covenants contained in Section 5.04 shall exclude the On-Campus Participating Properties and the Hampton Roads Joint Venture.
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Unsecured Debt Service Coverage Ratio. The Unsecured Debt Service Coverage Ratio, as of the last day of each fiscal quarter during the term hereof, to be less than 1.75 to 1.0.
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Related to Unsecured Debt Service Coverage Ratio

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.