Debt Servicing definition

Debt Servicing. Net Cash Flow to Debt Service Liability for each financial year must be at least 10.00 to 1.
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Debt Servicing. Interest Cover:] Gross Rental Income to [Interest Payable / Bank Borrowing Costs] must be at least [x] to 1 for each consecutive [xx] month period, starting with the period ending [Date]. Bank Borrowing to Value: Peak Bank Borrowing must not exceed [xx]% of Value during each consecutive [xx] month period, starting with the period ending [Date].
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Debt Servicing means the aggregate amount of all repayments (including sinking fund payments, lease payments under financial leases if any), whether or not actually paid, and interest and other charges on debt. Interest charges which are incurred in financing capital expenditure during development are excluded if they are capitalized.
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Examples of Debt Servicing in a sentence

  • The Purchaser shall obtained the prior consent from the first mortgagee bank to the execution of the Second Mortgage of the Property, and provide sufficient documents to prove that the ratio of the total amount of monthly repayment of the first mortgage, second mortgage and any other loan to the Purchaser’s total monthly income does not exceed the latest Debt Servicing Ratio as announced by The Hong Kong Monetary Authority.

  • The Purchaser shall obtained the prior consent from the first mortgagee bank to the execution of the Second Mortgage of the property, and provide sufficient documents to prove that the ratio of the total amount of monthly repayment of the first mortgage, second mortgage and any other loan to the Purchaser’s total monthly income does not exceed the latest Debt Servicing Ratio as announced by The Hong Kong Monetary Authority.

  • Adjustment of Debt Servicing Component (if any) shall be made either quarterly or bi-annually depending upon the final terms approved by the Authority.

  • Making this assessment requires significant judgment with respect to forecasted EBITDA and Debt Servicing Costs.

  • Custodian of Bank Guarantees for Corporate Office furnished by various agencies.9. Timely Debt Servicing of Bonds and Loans.10.

  • The Report notes the key Policies and Programmes instituted over the reporting period, provides commentary on the Budget (Recurrent and Capital as well as Debt Servicing) and an Outlook for the upcoming period.

  • Both departments report to the Deputy Minister of the MoF for Coordination of External Financial Assistance and Public Debt Servicing.

  • What is the Total Debt Servicing Ratio (TDSR) framework?The TDSR framework requires a bank to take into consideration all outstanding debt obligations of a borrower when granting a housing loan to the borrower.

  • The agreement entailed the disposal of the operations of the Bank’s Arrears Management Division (AMD) to a newly established entity APS Debt Servicing Cyprus Ltd (APS Cyprus), while the ownership of the real estate and loan portfolio remains with the Bank.

  • The Report provides commentary on the Budget (Recurrent and Capital as well as Debt Servicing) and an Outlook for the upcoming period along with on notes the key Policies and Programmes to be instituted.


More Definitions of Debt Servicing

Debt Servicing will be determined as a module if it is negative, and will not be taken into consideration in the calculation, if it is positive. Currency and monetary variations of the company's debt and cash are excluded from this calculation, as are expenses arising from provisions (which do not impact on the Issuer's cash flow, but merely on its accounting records);
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Debt Servicing. Net Cash Flow to Debt Service Liability for the period since the Completion Date to the last day of a financial quarter up to and including [ ] and thereafter for each 12 month period ending on the last day of a financial quarter must be at least [X.00] to 1. Minimum EBITDA: EBITDA must be at least: £X for the 3 month period ending [ ], then £X for the 6 month period ending [ ], then £X for the 9 month period ending [ ], then £X for each 12 month period ending on the last day of a financial quarter. Capital Expenditure: Capital Expenditure in each Financial Year must not exceed [ [£X] / the budgeted Capital Expenditure approved by the Bank / the aggregate of (i) 110% of the budgeted Capital Expenditure approved by the Bank and (ii) 25% of any unspent budgeted Capital Expenditure approved by the Bank carried forward from the previous Financial Year ], without the consent of the Bank. The following definitions apply to the Financial Covenants [and Clause 10.3(a)(iii)]: Borrowing Costs: interest and costs (accrued, payable or capitalised) to service Gross Borrowings, including the effect of amounts payable and receivable under interest rate hedging related to Gross Borrowings, and excluding: fair value losses and impairment charges on financial instruments any finance cost or finance income related to defined benefit pension schemes. Borrowing Costs Paid: interest and costs (paid, due to be paid or capitalised) to service Gross Borrowings including the effect of amounts paid and received under interest rate hedging related to Gross Borrowings. Capital Expenditure: expenditure on the purchase of fixed assets, including amounts funded by hire purchase or finance leases. Debt Service Liability: Borrowing Costs Paid plus scheduled repayments of Gross Borrowings.
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Debt Servicing means the aggregate amount of all repayments (including sinking fund payments, lease payments under finance leases if any) whether or not actually paid, and interest and other charges on debt. Interest charges which are incurred in financing capital expenditure during development are excluded if they are capitalized. Expenditures for 2017 was UZS 7,566,402,000, which was sum of: i) expenses of the period – UZS 7,372,011,000 ii) expenses on financial activities – UZS 177,949,000 iii) profit (income) tax – UZS 16,442,000 Revenues for 2017 was UZS 7,567,005,000, which was sum of: i) gross profit – UZS 1,694, 697,000; ii) other income from operational activities – UZS 5,855,726; iii) profit from financial activities – UZS 16,582,000.
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Debt Servicing. [Net Cash Flow / EBITDA ] to Debt Service Liability for [each month / financial quarter / financial half year / financial year] / [the [xx] month period ending on the last day of a {month / financial quarter / financial half year}] / [the period from the start of the financial year and ending on the last day of a {month / financial quarter / financial half year}] must be at least [xx] to 1. Interest Cover: EBITA [plus operating lease charges] to Borrowing Costs [plus operating lease charges] for [each month / financial quarter / financial half year / financial year] / [the [xx] month period ending on the last day of a {month / financial quarter / financial half year}] / [the period from the start of the financial year and ending on the last day of a {month / quarter / half year}] must be at least [xx] to 1. [Gross Leverage / Net Leverage]: [Gross Borrowings / Net Borrowings] to EBITDA for each [financial year] / [12 month period ending on the last day of a {month / financial quarter / financial half year}] must not exceed [xx] to 1. Minimum Net Tangible Assets: Net Tangible Assets on the last day of each [month / financial quarter / financial half year / financial year] must be at least £[xxxx]. Gearing: Gross Borrowings must not exceed [xx]% of Net Tangible Assets on the last day of each [month / financial quarter / financial half year / financial year].
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Related to Debt Servicing

  • Debt Service means, with respect to any particular period of time, scheduled principal and interest payments under the Note.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Servicing Reserve means, the product (expressed as a percentage) of (a) 1%, times (b) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 months and the denominator of which is 360.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Servicing Bank means the Agent or the Security Trustee;

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Servicing Rate means 1.00% per annum.

  • Pro Forma Debt Service means with respect to the Borrower and the Restricted Subsidiaries, on a consolidated basis, with respect to the next succeeding complete twelve (12) month period following the calculation date, and after giving effect to any Interest Rate Hedge Agreements and Eurodollar Advances, the amount of all (i) scheduled payments of principal on Indebtedness for Money Borrowed for such period (including imputed principal payments with respect to Capitalized Lease Obligations), determined on the basis of the aggregate amount of Indebtedness for Money Borrowed outstanding as of the date of calculation and giving effect to any mandatory reductions in the Commitments and the operation of the other terms of this Agreement (or other instruments or agreements governing Indebtedness for Money Borrowed) during such next succeeding twelve (12) month period, (ii) cash interest payable (including imputed interest with respect to Capitalized Lease Obligations) with respect to Indebtedness for Money Borrowed of such Persons, (iii) fees payable under this Agreement and the other Loan Documents (but specifically excluding fees paid during previous periods but amortized during such period in accordance with GAAP), and (iv) other payments (including fees) payable by such Persons during such period in respect of Indebtedness for Money Borrowed (other than voluntary prepayments under Section 2.7 hereof). For purposes of this definition, where interest payments for the twelve (12) month period immediately succeeding the calculation date are not fixed by way of Interest Rate Hedge Agreements, Eurodollar Advances, or otherwise for the entire period, interest shall be calculated on such Indebtedness for Money Borrowed for periods for which interest payments are not so fixed at the Eurodollar Basis (as determined on the date of calculation and based on the then current adjustment under Section 2.3(f) hereof) for a Eurodollar Advance having an Interest Period of twelve (12) months; provided, however, that if such Eurodollar Basis cannot be determined in the reasonable opinion of the Administrative Agent, such interest shall be calculated using the Base Rate Basis as then in effect.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Servicing In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.