{ "schema": "aiblocks-page/1", "id": "debt-service-covenant-evidence-reviewer", "type": "agent", "name": "Loan covenant cash cover reviewer", "summary": "Check loan covenant cash cover for each test period. See the headroom above the minimum and the fixed charge check, rebuilt when a number changes.", "headline": "Loan covenant cash cover reviewer", "subhead": "Share the signed loan test rules, cash figures and debt payment schedule. It rebuilds affected periods, checks each test with its own formula and compares the result with the last dated review. You get cited cash cover, remaining room and unresolved gaps. A proposed waiver does not change a signed limit.", "job": { "id": "money-and-investing", "name": "Research investments and business value" }, "level": "advanced", "thinking": "high", "tested": true, "updated": "2026-11-03", "first_published": "2026-10-22", "inputs": [ { "type": "spreadsheet", "required": true, "label": "Spreadsheet", "what": "a spreadsheet with its data, formulas and charts" }, { "type": "contract", "required": true, "label": "Contract", "what": "a contract or agreement in full, such as terms of service, an NDA or an order form, with its clauses, dates and any changes" }, { "type": "document", "required": true, "label": "Document", "what": "a finished document, such as a Word file, a PDF or a page of notes" } ], "outputs": [ { "type": "audit_report", "required": true, "label": "Audit report", "what": "findings with evidence, severity, missing inputs and next actions" }, { "type": "spreadsheet", "required": false, "label": "Spreadsheet", "what": "a spreadsheet with its data, formulas and charts" } ], "you_give": [ "The signed definitions of qualifying cash, debt service and fixed charges, and the minimum coverage (from the loan agreement and any amendment)", "The cash for each of three test periods, with the bridge from the accounts (from your management accounts)", "Interest and scheduled principal due in each period (from the lender's payment schedule)", "Taxes, maintenance spending and rent for each period, as the contract counts them (from your accounts and lease)", "The test dates and the reporting currency and scale, such as thousands", "The last review's record and the earlier source versions (optional, needed to see what changed)", "Any waiver the lender has signed (optional, with its date and scope)" ], "you_get": [ "What changed since the last review, period by period", "A debt service test table: qualifying cash, required cash, headroom and ratio for each period, with the lowest headroom marked", "A fixed charge coverage bridge for the same periods, tied back to the first test's interest, principal and rent", "Any period below the line shown as it is, and any difference between the two tests explained", "A short record to paste into the next review, plus MISSING lines and any checks that could not run" ], "use_when": [ "A quarter closed and the cash figure for that test period came in different from the forecast.", "The lender sent a new payment schedule, or the loan was amended.", "You want to know which test period is closest to the line before you plan a dividend or a purchase.", "You have two covenant tests on one loan and want them checked against each other without mixing definitions." ], "skip_when": [ "You have no signed covenant wording, only a term sheet or an email. It marks the definition MISSING and stops, because a rule from memory is not a rule.", "You want to know whether you are in breach in law, or whether a waiver applies. A lawyer or your lender decides that. This shows the numbers only.", "You only want one period's headroom. Use the Loan covenant cash coverage checker.", "You want to compare against a typical ratio for your industry. No market benchmark becomes the rule here, only your contract.", "You need next year's cash forecast. It tests the periods you give it and does not predict." ], "output_sample": { "input": [ "The signed covenant wording for cash, debt service, fixed charges and the minimum, with clause numbers", "Cash for three test periods, with the bridge to the contract's definition of cash", "Interest and principal due each period, plus taxes, repairs spending and rent", "Any waiver the lender has signed (optional)", "The record from your last review (optional)" ], "prerequisites": [ "An AI that can read files, such as Claude, ChatGPT or Gemini", "The pack's two component files added to your AI", "The signed wording. A term sheet or an email is not enough." ], "output": [ { "name": "Changed since last review", "contains": "Each period and figure that moved, with its old value, new value and source." }, { "name": "Debt service test", "contains": "Qualifying cash, debt service, required cash, headroom and ratio for each period, with the lowest headroom marked." }, { "name": "Fixed charge test", "contains": "Cash after allowed taxes and repairs against interest, principal and rent, tied back to the first test." }, { "name": "Why the tests differ", "contains": "One line saying why the two tests give different answers." }, { "name": "Waiver", "contains": "None, or a proposal shown only as a proposal. It never replaces the signed threshold." }, { "name": "Record for next review", "contains": "A short record to paste into your next run." }, { "name": "Missing and checks missed", "contains": "Each gap, and each check that failed or could not run." } ] }, "output_shape": "REVIEW DATE , , LAST REVIEW \n\nCHANGED SINCE LAST REVIEW \nDEBT SERVICE TEST minimum x debt service\n period | qualifying cash | debt service | required | headroom | ratio\n lowest headroom: \nFIXED CHARGE TEST minimum \n period | cash before charges - taxes - maintenance = numerator\n | interest + principal + rent = charges | ratio | headroom\n ties to test 1: interest , principal <...>, rent <...>\nWHY THE TESTS DIFFER \nWAIVER \n\nRECORD FOR NEXT REVIEW agreement version, test dates, definitions,\n source periods, headroom, waiver status\nMISSING \nCHECKS MISSED ", "how_to_use": [ "Download the pack and give it to an AI that can read files, such as Claude, ChatGPT or Gemini. The pack holds the Review contractual debt service cash tests workflow and the Debt service covenant headroom checker. In a chat-only tool it still works, but it cannot save files, so you keep the record it hands back.", "Say whether this is the first run. If not, paste last time's record. Then attach or paste the covenant wording, the cash bridge for each period and the payment schedule.", "Read \"changed since last review\" first. Check the changed period's cash against your accounts.", "Check one period by hand: required cash is debt service times the minimum, and headroom is cash less required cash. Check that the two tests use their own definitions.", "Fix every MISSING line. Run it again whenever a cash figure, a schedule or a signed definition changes. Installing it sets up no schedule." ], "checks": [ "Each test keeps its own numerator and denominator; shared source debt service is tied across tables but ratios and cash definitions are never substituted. Report changed evidence and actual recalculation; no external transaction or submission is authorized.", "Trace each material input to its source, date, currency, scale, sign and reporting period. Retain unresolved MISSING: lines.", "Required cash equals debt service times the signed minimum, and headroom equals qualifying cash less required cash, in every period. A period below the line is shown as it is, with no waiver or breach opinion invented.", "Keep hardcoded inputs separate from live formulas. Inspect changed inputs, actual recalculation, exported formulas and saved-file reopening." ], "steps": [ { "position": 1, "id": "review-contractual-debt-service-cash-tests", "name": "Debt service coverage checker", "summary": "Share signed loan definitions, cash schedules and debt service. Get period headroom, fixed-charge checks and source exceptions.", "url": "https://useaiblocks.com/workflows/review-contractual-debt-service-cash-tests" }, { "position": 2, "id": "debt-service-covenant-headroom-checker", "name": "Loan covenant cash coverage checker", "summary": "Share contract terms and cash by period. Check coverage ratios and the cushion above each required payment.", "url": "https://useaiblocks.com/skills/debt-service-covenant-headroom-checker" } ], "next": [ { "name": "Fixed payment cash coverage checker", "url": "https://useaiblocks.com/skills/fixed-charge-coverage-bridge-builder", "why": "Check the money" }, { "name": "Return on equity and margin checker", "url": "https://useaiblocks.com/skills/roe-margin-check", "why": "Check the money" }, { "name": "Lender safety verdict writer", "url": "https://useaiblocks.com/skills/lender-safety-verdict-writer", "why": "Check the money" } ], "source": null, "credits": [ { "title": "Original finance methods and model fixtures", "by": "AI Blocks contributors", "url": "", "used": "Original instructions, calculations and illustrative examples. External method references are linked separately and retain their own rights." } ], "files": [ "LICENSE" ], "links": { "page": "https://useaiblocks.com/agents/debt-service-covenant-evidence-reviewer", "markdown": "https://useaiblocks.com/agents/debt-service-covenant-evidence-reviewer.md", "json": "https://useaiblocks.com/agents/debt-service-covenant-evidence-reviewer.json", "instructions": "https://useaiblocks.com/skills/debt-service-covenant-evidence-reviewer/SKILL.md", "download": "https://useaiblocks.com/skills/debt-service-covenant-evidence-reviewer.zip", "api_item": "https://useaiblocks.com/api/v1/items/debt-service-covenant-evidence-reviewer", "api_document": "https://useaiblocks.com/api/v1/documents/agent/debt-service-covenant-evidence-reviewer", "mcp": "https://useaiblocks.com/mcp" } }