Defeasance Debt Service Coverage Ratio definition

Defeasance Debt Service Coverage Ratio means, in respect of any period, the quotient obtained by dividing (i) Adjusted Net Operating Income of the Facilities remaining after a defeasance pursuant to Section 2.10 by (ii) the aggregate amount of the Base Payments due for such period minus the payments Lender would have received had the relevant U.S. Obligations referred to in Section 2.10 been held as security for the Note for such period.
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Defeasance Debt Service Coverage Ratio has the meaning set forth in -------------------------------------- Section 2.3(f).
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Defeasance Debt Service Coverage Ratio. Defeasance Deposit"; "Defeasance Release Date"; "Difference"; "Earn-Out Advance"; "Extra Funds"; "Final Locked Rate"; "Guaranty"; "Initial Interest Rate"; "Initial Securitization Expense Amount"; "NACC"; "Optional Prepayment Date"; "Preferred Cash Collateral Account"; "Preferred Cash Collateral Bank"; "Preferred Cash Management Agreement"; "Preferred Equity Holder"; "Recalculated Loan Amount"; "Request For Advance"; "Required Base Debt Service Payment"; "Revised Interest Rate"; "Securitization Expense Sub-Account"; "Stabilization Date"; "Stabilization Date Loan Amount"; "Stabilization Date Payment Date"; "Stabilization Interest Rate"; "Stabilization Optimum Debt Service Coverage Ratio"; "Ten Year Treasury Rate"; "Treasury Rate"; "Unpaid Excess Loan Amount"; "U.S. Obligations"; "Warrant"; and "Yield Maintenance Premium". All references in the Existing Loan Agreement to the aforementioned defined terms are hereby deleted.
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More Definitions of Defeasance Debt Service Coverage Ratio

Defeasance Debt Service Coverage Ratio means, in -------------------------------------- respect of any fiscal period, the ratio of (i) the MHP Net Operating Income for such period to (ii) the difference between (x) the MHP Debt Service Expense for such period and (y) the payments to be received for such period from or with respect to U.S. Obligations then held as security for the MHP Notes.
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Related to Defeasance Debt Service Coverage Ratio

  • 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.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • 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.

  • 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.