Debt Service definition

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

Debt Service means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period, plus scheduled principal amortization of Consolidated Debt for such period.

Debt Service means, for any period, the sum of: (a) Interest Expense of the Borrower and its Subsidiaries determined on a consolidated basis for such period and (b) all regularly scheduled principal payments made with respect to Indebtedness of the Borrower and its Subsidiaries during such period, other than any balloon, bullet or similar principal payment which repays such Indebtedness in full.

Examples of Debt Service in a sentence

• Debt Service FundThe debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

• Specifically, Adjusted EBITDA is used to monitor the REIT's Interest Coverage Ratio and Debt Service Ratio, which the REIT uses to measure its debt profile and assess its ability to satisfy its obligations, including servicing its debt.

• Calculations shall be performed as are necessary to determine the exact amount of Series S Bonds that are required to be issued in order to (i) pay the budgeted costs of the Project, (ii) make the required deposit in the System Debt Service Reserve, as defined in the Indenture, and (iii) pay the costs of issuing the Series S Bonds, and the final principal amount and maturities of the Series S Bonds shall thereupon be established, as prescribed in the Official Terms and Conditions of Sale of Bonds.

• Financial Measures In addition to the REIT's level of indebtedness calculated in accordance with the REIT's Declaration of Trust, management also monitors certain financial measures, which include the (i) Interest Coverage Ratio, and (ii) Debt Service Coverage Ratio.

• If the Board President is unavailable to personally sign warrants, the Principal, Chris Douglas, may sign warrants on behalf of the Board President for all school funds including the General Fund, Management Fund, PPEL Fund, SAVE Fund, Debt Service Fund, Scholarship Fund, Student Activity Fund and the Lunch Fund.

More Definitions of Debt Service

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

Debt Service means, for any period, the aggregate of all principal, interest payments, Default Rate interest, Late Charges and other amounts that accrue or are due and payable in accordance with the Loan Documents during such period.

Debt Service means the sum of all payments on account of principal, interest, financing fees and charges due and payable in an Accounting Year to the Senior Lenders under the Financing Agreements;

Debt Service means, in respect of any Relevant Period, the aggregate of:

Debt Service means, for any period, Cash Interest Expense for such period plus scheduled principal amortization of all Indebtedness for such period.

Debt Service means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period plus scheduled principal amortization of Consolidated Debt for such period.

Debt Service means, as of any particular date of computation, and with respect to any period, the amount to be paid or set aside as of such date or such period for the payment of the principal of or interest on the Bonds.