Aggregate Debt Service Coverage Ratio definition

Aggregate Debt Service Coverage Ratio means, for any specified date, the ratio (expressed as a percentage) of—
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Aggregate Debt Service Coverage Ratio means a ratio for the applicable period in which:,
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Aggregate Debt Service Coverage Ratio shall have the meaning set forth in Section 5.2.14 hereof.
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Examples of Aggregate Debt Service Coverage Ratio in a sentence

  • If Lender consents it shall set forth the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio which it estimates shall result from the addition of the proposed Additional Mortgaged Property.

  • Changes in Allocable Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b).

  • Once each Calendar Quarter, within 20 Business Days after the Borrower has delivered to the Lender the reports required in Section 13.04, the Lender shall determine the Aggregate Debt Service Coverage Ratio for the Trailing 12 Month period and the Aggregate Loan to Value Ratio.

  • Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.04(b).

  • On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio.


More Definitions of Aggregate Debt Service Coverage Ratio

Aggregate Debt Service Coverage Ratio means the Debt Service Coverage Ratio for all of the Properties taken together for the applicable period.
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Aggregate Debt Service Coverage Ratio means, for any period, the quotient obtained by dividing (a) the underwritten net cash flow of the Individual Properties determined by Lender in its reasonable discretion in accordance with customary underwriting standards for such period by (b) the aggregate of all principal and interest payable for such period under (i) the Loan Documents (assuming the Loan had been fully advanced), plus (ii) the Mezzanine Loan (assuming the Mezzanine Loan had been fully advanced at the beginning of such period) (provided, however, such ratio shall, in all cases, be determined utilizing a debt service constant calculated with the Interest Rate assuming that the Interest Rate equals the sum of the Strike Rate and the Note Spread and the interest rate payable with respect to the Mezzanine Loan being the actual interest rate if such Mezzanine Loan is a fixed rate loan and if such Mezzanine Loan is a floating rate loan, such interest rate shall be calculated as the sum of the Strike Rate and the interest rate spread on such Mezzanine Loan).
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Aggregate Debt Service Coverage Ratio for the Trailing 12 Month --------------------------------------------------------------- Period" means, for any specified date, the ratio (expressed as a ------ percentage) of--
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Aggregate Debt Service Coverage Ratio means, with respect to all Stabilized Projects as of the date of determination thereof, the ratio of (i) Aggregate Stabilized Project NOI for such period to (ii) Aggregate Stabilized Project Debt Service for such period.
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Aggregate Debt Service Coverage Ratio means, as of any date, the ratio calculated for a given period in which: (i) the numerator is the Net Operating Income for the twelve (12) month period ending with the most recently completed calendar month (subject to the adjusted calculations relating to the period ending on September 30, 2016 provided in the definition of “Net Operating Income” set forth below), and (ii) the denominator is the sum of (a) the Debt Service with respect to such period and (b) the debt service payable under the Subordinate Debt with respect to such period, if any.
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Aggregate Debt Service Coverage Ratio means, as of any Determination Date, for the applicable Calculation Period the ratio, as determined by Administrative Agent (which determination shall be conclusive absent manifest error), of Net Operating Income to Aggregate Debt Service. As used herein, “Aggregate Debt Service” means the payments of principal and interest that would have been payable under a hypothetical loan in the amount of the aggregate of the Loan Amount and the proposed amount of the mezzanine loan during the Calculation Period, assuming (i) an interest rate equal to the Aggregate Assumed Interest Rate, and (ii) amortization of the aggregate principal indebtedness over a thirty (30) year amortization period. As used herein, “Aggregate Assumed Interest Rate” means the greatest of: (i) the actual borrowing rate of the Loan, (ii) the annual yield payable on the last day of the applicable Calculation Period on ten (10) year United States Treasury obligations in amounts approximately the outstanding principal balance of the Loan at the inception of the Calculation Period plus two hundred fifty (250) basis points per annum, and (iii) six and one-quarter percent (6.25%) per annum. ARTICLE II -
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Aggregate Debt Service Coverage Ratio for a Three Month Period (Floor)" means, for any specified date, the ratio (expressed as a percentage) of --
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