Annual Debt Service definition

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.

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.

Annual Debt Service for any calendar year means for any applicable bonds or loans including the loan, all interest plus all principal due on such bonds or loans in such year.

Examples of Annual Debt Service in a sentence

• B-10Estimated Annual Debt Service ...........................................................................

• The Reserve Requirement for the Bonds is calculated based on the lesser of: 10% of the initial principal amount of the Bonds, Maximum Annual Debt Service on the Outstanding Bonds, or 125% average Annual Debt Service on the Outstanding Bonds.

• Consideration/Adoption of Resolution 2024-36, Setting Forth the Specific Terms of the District’s Special Assessment Bonds,Exhibit 5Exhibit 6Series 2024 (Assessment Area One)⮚ Exhibit A- First Supplemental Engineer’s Report Exhibit 7⮚ Exhibit B- Final First Supplemental Special Assessment Methodology ReportExhibit 8⮚ Exhibit C- Legal Description of the Assessment AreaExhibit 9⮚ Exhibit D- Maturities and Coupon of Bonds Sources and Uses of Funds for Bonds Annual Debt Service Payment Due on BondsExhibit 10C.

• City of Lake Elsinore Annual Continuing Disclosure Report AD No. 93-1Fiscal Year Ending June 30, 2017 Reserve Fund (Section 4b)The Reserve Fund must be maintained at the Reserve Requirement which is defined as of any date of calculation as an amount equal to the least of (a) 10% of the total original principal amount of the Bonds, (b) Maximum Annual Debt Service on the Outstanding Bonds, or (c) 125% of average Annual Debt Service on the Outstanding Bonds.

• If the Debt giving rise to the need to make the foregoing calculation described in this Section 6.1 or any other Debt incurred after the first day of the relevant four quarter period bears interest at a floating rate then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt shall be computed on a pro forma basis as if the average rate which would have been in effect during such entire four quarter period had been the applicable rate for such entire such period.

More Definitions of Annual Debt Service

Annual Debt Service means, for each Bond Year, the sum of (a) the interest payable on the Outstanding Bonds in such Bond Year, and (b) the principal amount of the Outstanding Bonds scheduled to be paid in such Bond Year, including from mandatory sinking fund payments.

Annual Debt Service means, for each Bond Year, the sum of (i) the interest due on the Outstanding Bonds in such Bond Year, assuming that the Outstanding Bonds are retired as scheduled (including by reason of Sinking Fund Installments), and (ii) the principal amount of the Outstanding Bonds due in such Bond Year (including any Sinking Fund Installments due in such Bond Year).

Annual Debt Service means, for each Bond Year, the sum of (a) the interest payable on the Outstanding Bonds in such Bond Year, and (b) the principal amount of the Outstanding Bonds scheduled to be paid in such Bond Year.

Annual Debt Service means the principal of and interest on the Bonds scheduled to be paid during a given Bond Year.

Annual Debt Service for any Fiscal Year means the amount scheduled to become due and payable on the Indebtedness during such Fiscal Year as (a) interest or fees, plus (b) principal, plus (c) mandatory sinking fund payments or redemptions. For the purpose of calculating Annual Debt Service, the following assumptions shall be used:

Annual Debt Service means the principal amount of any Outstanding Bonds or Parity Bonds payable in a Bond Year either at maturity or pursuant to a Sinking Fund Payment and any interest payable on any Outstanding Bonds or Parity Bonds in such Bond Year, if the Bonds and any Parity Bonds are retired as scheduled.

Annual Debt Service means, for each Bond Year, the sum of (a) the interest payable on the Outstanding Bonds and Parity Debt in such Bond Year, assuming that the Outstanding Serial Bonds are retired as scheduled and that the Outstanding Term Bonds are redeemed from mandatory sinking account payments as scheduled (b) the principal amount of the Outstanding Serial Bonds and Parity Debt payable by their terms in such Bond Year, and (c) the principal amount of the Outstanding Term Bonds scheduled to be paid or redeemed from mandatory sinking account payments in such Fiscal Year.