Debt Service Coverage Ratio

Debt Service Coverage Ratio. Ratio of EBITDA to the sum of Current Maturities of Long-Term Debt, plus interest expense.

Debt Service Coverage Ratio. A ratio in which the numerator is the sum of the Net Operating Income of the Project and the denominator is Assumed Annual Debt Service

Debt Service Coverage Ratio. The definition of "Debt Service Coverage Ratio" is hereby deleted.

Debt Service Coverage Ratio. Means for the period in question, on a consolidated basis for Borrower and all Affiliates, the calculation described as a ratio of (i) (a) EBITDA, less (b) cash taxes, less (c) maintenance capital expenditures ($10,000 per store), less (d) distributions, less (e) changes in Borrower shareholder notes, divided by (ii) "Interest Expense and Principal Payments of the Indebtedness." For purposes of this calculation, Interest Expense and Principal Payments of the Indebtedness shall include payments... under all loan arrangements between Borrower and all Affiliates and its members/shareholders, whether now existing or hereafter arising and whether or not reflected on Borrower's internal financial statements. View More

Debt Service Coverage Ratio. For each relevant time period, the ratio of Guarantor's consolidated EBITDA for such time period to the sum, without duplication, of (a) Debt Service of Guarantor and its Subsidiaries paid during such time period, (b) Capital Lease Obligations of Guarantor and its Subsidiaries paid during such time period, and (c) cash dividends paid by Guarantor during such time period (other than dividends paid in order to maintain Guarantor's status as a REIT, in all cases determined on a consolidated basis... in accordance with GAAP. View More

Debt Service Coverage Ratio. For any period the ratio of (i) the sum of Borrower's net profit before taxes, plus depreciation, plus amortization, plus the impairment of goodwill, trade name or customer lists, plus interest expense, to (ii) the sum of Borrower's required principal payments, plus interest expense, plus capital lease payments.

Debt Service Coverage Ratio. The ratio of (1) the Cash Flow to (2) the Actual Debt Service

Debt Service Coverage Ratio. For any period, the ratio of: (A) the net income of GRMH (i) increased (to the extent deducted in determining net income) by the sum, without duplication, of (a) all interest expense of GRMH, (b) amortization, (c) depreciation, and (d) non-recurring expenses as approved by the Bank, and (ii) decreased (to the extent included in determining net income and without duplication) by the amount of minority interest share of net income and distributions to minority interests for taxes, if any, to (B)... annual debt service including interest expense and current maturities of indebtedness as determined in accordance with generally accepted accounting principles. If an acquisition of a new company (or its business) occurs and GRMH incurs additional debt associated with the purchase, the net income of the new company (or its business) and GRMH's new debt service associated with acquiring the company (or its business) may both be excluded from the Debt Service Coverage Ratio calculation for a period of six months, at GRMH's option. Subject to the Bank's approval, any non-recurring itemized expenses associated with an acquisition will be added back to the net income of GRMH. View More

Debt Service Coverage Ratio. The Income Available for Debt Service divided by the Interest Expense

Debt Service Coverage Ratio. EBITDA divided by Debt Service.