Sentences with phrase «minimum debt coverage»

Not exact matches

Furthermore, a $ 9 million contingency reserve is available until 6 months after scheduled substantial completion to cover construction cost overruns and help maintain target minimum debt service coverage ratios.

-» (A) IN GENERAL. - To be eligible for assistance under this chapter, a project shall satisfy applicable creditworthiness standards, which, at a minimum, shall include -» (i) a rate covenant, if applicable;» (ii) adequate coverage requirements to ensure repayment;» (iii) an investment grade rating from at least 2 rating agencies on debt senior to the Federal credit instrument; and» (iv) a rating from at least 2 rating agencies on the Federal credit instrument, subject to the condition that, with respect to clause (iii), if the total amount of the senior debt and the Federal credit instrument is less than $ 75,000,000, 1 rating agency opinion for each of the senior debt and Federal credit instrument shall be sufficient.»

Financial covenants are frequently ratios that the borrower is required to stay above or below (a 2:1 debt - to - equity ratio or interest coverage ratio, for example), but there are usually also restrictions on debt levels and minimum working capital requirements.

Any renter, regardless of how much or how little you need to insure, can benefit from the sense of security Flagstaff renters insurance can provide: a student attending North Arizona University can keep their student debt to a minimum by investing in renters insurance; a senior citizen looking to retire in Flagstaff can protect his assets and his 401k plan with rental coverage; and an established family can keep their nest egg growing while maintaining their lifestyle by putting aside a few extra dollars each month for renters coverage.

The bank will also want to know that you have at minimum a 1.25 debt service coverage ratio (DSCR).