Debt Service Coverage Ratio Requirement definition

Debt Service Coverage Ratio Requirement means, in each case during any four consecutive fiscal quarters from the date of such Equity Sale or Incremental Amendment (as applicable) to the Maturity Date, of (I) the projected Available Cash less the projected Operating Expenses, to (II) the projected Debt Service, being no less than (A) 1.00:1.00 (with respect to take-or-pay cash flow under Transportation Agreements with Investment Grade Shippers) and (B) 1.35:1.00 (with respect to take-or-pay cash flow or usage fees under Transportation Agreements with all Shippers, provided that contracted take-or-pay cash flow from Affiliates of the Summit Member in excess of 7.5% of capacity of the Project shall not be included in such take-or-pay cash flow unless such Shippers have provided credit support similar to the credit support obligations under the Matador BPA).
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Debt Service Coverage Ratio Requirement means, in each case during any four consecutive fiscal quarters from the date of such Equity Sale or Incremental Amendment (as applicable) to 161 KE 73718588.20 US-DOCS\142539518.2141222994.8
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Debt Service Coverage Ratio Requirement means 2.25x. “Debt Service Coverage Ratio Threshold” means 3.25x.
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Examples of Debt Service Coverage Ratio Requirement in a sentence

  • Within 90 days of receipt of such quarterly report of non-compliance, the Company shall deliver to the Authority, the Trustee, the Management Company, each Significant Owner, and any other Holder so requesting, a written report prepared by the Consultant which shall set forth why the Company failed to meet the Debt Service Coverage Ratio Requirement and shall suggest remedies and time periods therefor, all in form and substance satisfactory to the Majority Owners.


More Definitions of Debt Service Coverage Ratio Requirement

Debt Service Coverage Ratio Requirement means 1.9x through and including December 31, 2019 and thereafter 1.75x.
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Debt Service Coverage Ratio Requirement means the Debt Service Coverage Ratio is equal to at least 1.15 to 1.00.
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Debt Service Coverage Ratio Requirement. For the purpose of Section 1.10, the First Option Debt Service Coverage Ratio Requirement as that term is defined in Section 1.10(h), and for the purpose of Section 1.11, the Second Option Debt Service Coverage Ratio Requirement as that term is defined in Section 1.11(g).
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Related to Debt Service Coverage Ratio Requirement

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

  • 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.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.