Examples of Annual Debt Service Requirement in a sentence
The Pledged Revenues (giving credit for any increase in Pledged Revenues which has received final approval of the Governing Body and become effective) from the Fiscal Year immediately preceding the Closing Date were equal to or exceeded, and, on an ongoing basis during each year of the Loan Agreement Term, are reasonably expected to equal or exceed, one hundred twenty-five percent (125%) of the maximum Aggregate Annual Debt Service Requirement.
TABLE 7 - Tax Supported Debt Service Requirements Plus: The Bonds Fiscal Year Ending 06/30 Outstanding Debt Service Average Annual Debt Service Requirement $517,025Maximum Debt Service Requirement $545,700 TABLE 8 – Authorized but Unissued BondsNone.
Ratio of Gross Direct Long-Term Debt of the District and Estimated Overlapping Debt to: 2016 Certified Taxable Assessed Valuation of the District 9.40% Funds Available for Debt Service: Bond Fund Balance as of 9-13-16 (equal to approximately 18 months’ capitalized interest on the Bonds) ...$ 218,522 (c) Average Annual Debt Service Requirement (2017-2041) ...................................................................................
The Pledged Revenues (giving credit for any increase in Pledged Revenues which has received final approval of the Governing Body and become effective) from the Fiscal Year immediately preceding the Closing Date were equal to or exceeded, and, on an ongoing basis during each year of the Loan Agreement Term, are reasonably expected to equal or exceed, one hundred fifty percent (150%) of the maximum Aggregate Annual Debt Service Requirement.
TABLE 6 - TAX ADEQUACY (1) (1) Net Average Annual Debt Service Requirement (2028 - 2040)… $5,084,087(1)$0.0486 Tax Rate at 98% Collection Produces …………………………………………… 5,093,758 Net Maximum Annual Debt Service Requirement (2021)… $ 13,151,449$0.1255 Tax Rate at 98% Collection Produces 13,153,634(1) (1) Projected, includes the Certificates.