Annual Bond Debt Service definition

Annual Bond Debt Service means, as of the date of calculation, with respect to any Bonds outstanding for any Calculation Period or for any year during a Projected Period, as applicable, the amount required in such period to pay for the principal of and interest on such Bonds, excluding interest and principal to be paid from the proceeds of the sale of such Bonds. For the purpose of calculating Annual Bond Debt Service for purposes of the Debt Service Coverage Ratio or the Future Bonds tests set forth in Section 16(b) (Issuance of Future Bonds) of this Agreement, the Prior Reserve Account Requirement, the Parity Reserve Account Requirement and the TIFIA Reserve Account Requirement:
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Annual Bond Debt Service means in any Fiscal Year the amount of principal and interest required to be paid in that Fiscal Year on all Outstanding Bonds, adjusted as follows:
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Annual Bond Debt Service means, for each Fiscal Year, the sum of (1) the interest falling due on all Outstanding Bonds in such Fiscal Year, assuming that all Principal Installments are paid as scheduled (except to the extent that such interest is to be paid from the proceeds of sale of any Bonds), and (2) the scheduled Principal Installments of the Outstanding Bonds, payable in such Fiscal Year.
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Examples of Annual Bond Debt Service in a sentence

  • AVIATION may recover through Rentals, Fees, and Charges, a proper allocation of the Net Costs of such Capital Improvement either through recovery of Annual Bond Debt Service, including Coverage and/or Amortization beginning in the Fiscal Year of beneficial use including recovery of any necessary Operating & Maintenance Expenses.


More Definitions of Annual Bond Debt Service

Annual Bond Debt Service means Aggregate Debt Service Requirement as defined in the Master Indenture.
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Annual Bond Debt Service means the amount required to be paid in the then current or any succeeding Fiscal Year in respect of the principal or Accreted Value of and interest on any Outstanding Bonds and under any existing Derivative Product related to any Bonds; provided that:
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Related to Annual Bond Debt Service

  • 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.

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

  • Total Debt Service means the sum of (i) scheduled or other required payments of principal on indebtedness, and (ii) Interest Expense, in each case for such period.

  • 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.

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

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

  • Debt Service Reserve Fund Requirement means, with respect to the 2023 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2023 Series B Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

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

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.