Consolidated Debt Service Coverage definition

Consolidated Debt Service Coverage means the ratio for the Calculation Period of: (A) Consolidated Net Cash Flow to (B) Consolidated Debt Service.
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Consolidated Debt Service Coverage as defined in Section 7.3.1(a)(iii). Consolidated Leverage Ratio as defined in Section 7.3.2. Consolidated Net Cash Flow as defined in Section 7.3.1(a)(iv).
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Consolidated Debt Service Coverage. Ratio shall mean the ratio of Consolidated EBITDA to Consolidated Debt Service. Consolidated EBITDA shall mean, for any period, the consolidated net income (or net loss) of any Person for such period as determined in accordance with GAAP plus the sum of (i) consolidated interest expense, (ii) total income tax expense, (iii) consolidated amortization and depreciation expense, and (iv) any extraordinary or unusual losses, minus any extraordinary or non-recurring gains. After the Acquisition Date, the calculation of Consolidated EBITDA shall include the trailing twelve month EBITDA of M▇▇▇▇▇ Industries.
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Examples of Consolidated Debt Service Coverage in a sentence

  • The Loan Parties shall not permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the MLP to be less than 1.10 to 1.0.

  • Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50:1.00.

  • Permit the Consolidated Debt Service Coverage Ratio to be less than 2.50 to 1.0 for any Measurement Period.

  • The compliance with the Consolidated Debt Service Coverage covenant shall be tested by the Agent on the Calculation Date with results based upon the most recent Calculation Period results, as reasonably determined by the Agent in a manner consistent with the procedures and methods utilized by the Agent in analyzing the financial information provided by the Borrower prior to closing.

  • Permit the Consolidated Debt Service Coverage Ratio to be less than 1.50:1.00, determined quarterly with respect to the most recently concluded four fiscal quarters for which financial statements have been delivered pursuant to Article VI hereof.

  • Borrower shall maintain a Consolidated Debt Service Coverage Ratio greater than 1.5 to 1, to be tested at the end of each calendar quarter based on the trailing one-year period.

  • From and after January 1, 2013, Bulk Partners shall maintain a Consolidated Debt Service Coverage Ratio of not less than 120% (on a rolling four quarter basis, tested as of the last day of each fiscal quarter).

  • If such Consolidated Debt Service Coverage covenant shall not be satisfied on any Calculation Date, the Borrower shall prepay a sufficient amount of principal outstanding on the Loan such that if such principal reduction had been made on the first day of the Calculation Period the Consolidated Debt Service Coverage covenant would have been satisfied.

  • If such Consolidated Debt Service Coverage covenant shall not be satisfied on any Calculation Date, the Borrower shall prepay a sufficient amount of principal outstanding on the Loan such that if such principal reduction had been made on the first day of the Calculation Period the Debt Service Coverage covenant would have been satisfied.


More Definitions of Consolidated Debt Service Coverage

Consolidated Debt Service Coverage as defined in Section 7.3.1(i)(f).
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Related to Consolidated Debt Service Coverage

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Consolidated Debt Service means, for any relevant period, the sum (without double counting), determined in accordance with GAAP, of:

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Consolidated Lease Expense for any period, the aggregate amount of fixed and contingent rentals payable by the Borrower and its Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated basis in accordance with GAAP.