Adjusted Debt Service Coverage Ratio

Adjusted Debt Service Coverage Ratio. Means as to each Borrower and its Subsidiaries for any period of determination thereof, the ratio of (a) EBITDA, plus the net cash proceeds from the Astrotech Loan received by the Company to (b) Debt Service, plus all scheduled payments due to Alenia on the Alenia Debt, plus the amount of all Internally Funded Capital Expenditures. EBITDA will be increased by $2,400,000 for the period ending December 31, 2001 and will be decreased by $2,400,000 for the period... ending June 30, 2002, to take into account the effect of a $2,400,000 lease payment due to Astrium which has been deferred from December 31, 2001 to June 30, 2002 to assist the Company in making a $3,000,000 payment to Alenia. "Net proceeds from the Astrotech Loan" are defined as, any and all cash recaptured by the Company from the Astrotech Loan during the period being measured. 2 View More

Adjusted Debt Service Coverage Ratio. Shall mean the ratio of (a) the Net Cash Flow for the Property determined as of the applicable Testing Date to (b) the Adjusted Debt Service.