Debt Service Coverage Ratio

Debt Service Coverage Ratio. The ratio, determined on a consolidated basis for Parent Guarantor and its Subsidiaries for the relevant Fiscal Quarter or Fiscal Quarters, as the case may be, of (a) EBITDA, minus all cash taxes paid (net of any cash refunds), minus Capital Expenditures (except those financed with Borrowed Money (including CAPX Loans) other than Revolver Loans), minus all Distributions (other than Distributions made to Parent Guarantor by any of its Subsidiaries) to (b) Fixed Charges; provided, ... however, that for purposes of calculating the Debt Service Coverage Ratio for the relevant Fiscal Quarter or Fiscal Quarters ending on April 30, 2007, July 31 2007, October 31, 2007 and January 31, 2008, the Capital Expenditures component set forth in the numerator shall be deemed to be zero. View More

Debt Service Coverage Ratio. Shall mean the ratio of (a) the Cash Flow for the Property determined as of the date of determination, to (b) an amount equal to the Debt Service 1 that would be due for the twelve (12) calendar month period immediately preceding such calculation.

Debt Service Coverage Ratio. Means the "Debt Service Coverage Ratio," as that term is defined in the Loan Agreement, for the Loan and all Related Loans, calculated based on (A) the preceding three (3) month period, (B) Actual Management Fees, and (C) the required debt service on the Loan, the Related Loans, and all other debts and obligations of... Borrower and its affiliate Capital Senior Living ILM-B, Inc., a Delaware corporation. View More

Debt Service Coverage Ratio. Means, as of the end of each calendar quarter, the ratio of (i) Consolidated Net Operating Income plus amortization allowances for the calendar 2 quarter of the Borrower and its Subsidiaries then most recently ended multiplied by four (4) to (ii) the total of all current maturities of long-term Debt of the Borrower and its Subsidiaries.

Debt Service Coverage Ratio. Means the ratio, in any fiscal quarter, whose numerator is Borrower's EBITDA and whose denominator is all principal and interest payments by Borrower.

Debt Service Coverage Ratio. EBITDA divided by the sum of interest expense and scheduled principal reductions with respect to the outstanding Debt for the period being tested.

Debt Service Coverage Ratio. Shall mean, for any Person, with respect to any period of determination, the ratio of (i) such Person's net income after taxes for such period (excluding any after-tax gains or losses on the sale of assets (other than the sale of Inventory in the ordinary course of business) and excluding other after-tax extraordinary gains or losses), plus depreciation and amortization deducted in determining net income for such period, plus tax benefits which offset any income tax expense provisions deducted... in determining net income for such period, minus Unfinanced Capital Expenditures for such period plus the after-tax increase in LIFO reserves, or minus the after tax decrease in LIFO reserves, to (ii) such Person's current principal maturities of long-term debt and capitalized leases paid or scheduled to be paid during such period, plus any prepayments on indebtedness owed to any other Person (exclusive of trade payables and Revolving Loans) and paid during such period, minus the Amortization Difference, plus, if the period of determination ends on and is for such Person's Fiscal Year, any Permitted Dividends paid during such Fiscal Year. View More

Debt Service Coverage Ratio. Shall mean, as of the last day of the calendar month immediately preceding the applicable calculation date, the ratio in which (a) the numerator is the sum of the Net Operating Income for each of the applicable Properties for the immediately preceding twelve month period and (b) the denominator is the aggregate amount of principal and interest that would be due under this Note for such period based upon a debt service constant of eight and sixty-six... one-hundredths percent (8.66%). View More

Debt Service Coverage Ratio. Means, for the applicable period, the quotient obtained by dividing (x) Net Revenues Available for Debt Service by (y) Debt Service.

Debt Service Coverage Ratio. Means, for any period, the ratio calculated by dividing the (i) proforma NOI of the Approved Lease before interest expense, capitalized interest, taxes, amortization and depreciation for such period by (ii) the amount equal to the principal and interest payments that would be due and payable during a one year period based upon the amount necessary to fully amortize a hypothetical loan in an amount equal to the Maximum Project Loan Amount, using both (a) an interest rate equal to 2.20% plus the... three-month average Treasury rate (for treasuries having a ten (10) year maturity) as of the last day of the most recent calendar month in equal installments over an assumed amortization period of 25 years ("DSCR(a)"), and (b) an interest rate equal to 6.0% plus the three (3) month average Treasury rate (for treasuries having a ten (10) year maturity) as of the last day of the most recent month in equal installments over an assumed amortization period of 25 years ("DSCR(b)"). View More