Manuscript - Financing Modeling of Renewable Energy Projects
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Financial covenants
Debt ratio
File: 2. Static Debt end
Sheet: Debt
Covenant
an undertaking or promise by the borrower to the lender to do something or refrain
from doing something.
Financial Covenant
• Debt service coverage ratio (DSCR)
• Loan life coverage ratio (LLCR)
• Project life coverage ratio
• Reserve coverage ratio
Lock-up
an undertaking or promise by the borrower to the lender to do something or refrain
from doing something.
Default
an undertaking or promise by the borrower to the lender to do something or refrain
from doing something.
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