Calculation of Debt Service Sample Clauses

Calculation of Debt Service. For purposes of the calculation of Debt Service pursuant to the Master Resolution, payments made under Hedge Agreements shall not be taken into account for purposes of calculating Debt Service unless at the time such payments are to be taken into account the counterparty to the City under such Hedge Agreement or a guarantor of such counterparty’s obligations under such Hedge Agreement is rated (without regard to third-party credit enhancement) at least “A-”, “A3” or “A-” by at least one of Fitch, Xxxxx’x or S&P. WFB San Xxxx RCA 41 4839-9346-9004.11
Sample 1
AutoNDA by SimpleDocs
Calculation of Debt Service. The calculation of Principal and Interest Requirements on Long Term Indebtedness pursuant to this Agreement, shall be made in a manner consistent with the following:
Sample 1

Related to Calculation of Debt Service

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Calculation of Amounts Binding Effect of Interpretations and Actions of Master Servicer...............................

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

Time is Money Join Law Insider Premium to draft better contracts faster.