Average Debt Service definition

Average Debt Service means, with respect to any Series of Bonds, any Contract and any related Security In- strument Repayment Obligation, the quotient obtained by dividing (a) the sum of the amounts of Debt Service on such Series of Bonds, Contract or Repayment Obligation for each Fiscal Year during which such Series of Bonds, Contract or Repayment Obligation is Outstanding, by (b) the number of such Fiscal Years.
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Examples of Average Debt Service in a sentence

  • Average Debt Service Coverage represents the adjusted change in net assets divided by debt service.

  • The most critical debt covenants in the facility agreement stipulate that after the start of operations and during the duration of the loan, SVE is obliged every June and December before the scheduled debt repayments to provide proof of meeting the following financial parameters: Loan Life Cover Ratio (LLCR) equal or above 1.05, Average Debt Service Cover Ratio (ADSCR) equal or above 1.10 and Debt to Equity Ratio equal or below 83%/17%.

  • The framework should allow the financial feasibility to be expressed in terms of expected Net Present Value (NPV), Internal Rate of Return (IRR) and Average Debt Service Coverage Ratio (ADSCR). Develop a detailed financing scenario, considering alternative fare levels, government subsidies or grant provision, to demonstrate the financial viability of the project either as a Government project or a Public- Private Partnership (PPP) for the financial life of the project including FIRR.

  • HIPCs: Average Debt Service and Poverty Reducing Expenditure 13 Figure 7.

  • The framework should allow the financial feasibility to be expressed in terms of expected Net Present Value (NPV), Internal Rate of Return (IRR) and Average Debt Service Coverage Ratio (ADSCR).

  • Table 14.3 : Sensitivity Analysis ScenarioADSCR aDSR = , FIRR = a Average Debt Service Cover Ratio between 1999 and 2007b Year in which HJRC can comply with the covenant (1.2 of debt service ratio)c Increase of traffic volume + domestic loan rescheduling + equity injection of Y 270 million in 2000.Appendix 15, page 1 ECONOMIC REEVALUATION The economic internal rate of return was reevaluated based on “with-Project” and “without-Project” analyses (Table A15).

  • Average Debt Service Coverage Ratio (DSCR) is 1.5. A 10 percent drop in water sales revenue reduces DSCR to 1.26 and ROE to 11 percent.

  • Average Debt Service and Poverty Reducing Expenditure of Post-Decision Point HIPCs 14Figure 4.

  • The framework should allow the financial feasibility to be expressed in terms of expected Net Present Value (NPV), Internal Rate of Return (IRR) and Average Debt Service Coverage Ratio (ADSCR).• Develop a detailed financing scenario, considering alternative fare levels, government subsidies or grant provision, to demonstrate the financial viability of the project either as a Government project or a Public- Private Partnership (PPP) for the financial life of the project including FIRR.

  • Regarding the financial viability of the power project based on imported coal from Indonesia, it was informed that, the project is estimated to be financially viable with Project Internal Rate of Return (IRR) of 17.06% and Average Debt Service Coverage Ratio (DSCR) at 1.58 times.

Related to Average 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.

  • 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.

  • 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.

  • 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.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Debt Service Reserve Fund Requirement means, with respect to the 2017 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2017 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.

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