Debt Service Payment Amount definition

Debt Service Payment Amount means, with respect to each Payment Date (i) prior to the Payment Date occurring in October, 2009, a monthly payment of interest only for the applicable Interest Period, which for the purposes hereof and assuming the Loan is equal to $25,200,000, shall equal to (a) $118,168.40 in any Interest Period consisting of 28 days, (b) $122,388.70 in any Interest Period consisting of 29 days, (c) $126,609.00 in any Interest Period consisting of 30 days and (d) $130,829.30 in any Interest Period consisting of 31 days and (ii) from and including the Payment Date occurring in November, 2009, a monthly payment in the amount of $151,556.90 (the principal component of which amount is based on a 30 year amortization schedule).
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Debt Service Payment Amount means the interest for the applicable Interest Period at the Applicable Interest Rate.
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Debt Service Payment Amount means an amount equal to one-twelfth (1/12) of the annual amount of interest on the Notes Outstanding at the time. "MONTHLY TAX AND INSURANCE PAYMENT AMOUNT" means an amount equal to the Tax and Insurance Payment Amount LESS the funds on deposit in the Mortgage Escrow Account at the time. "TAX AND INSURANCE PAYMENT AMOUNT" means, with respect to each Account Funding Date, an amount equal to the tax payments and insurance premiums required to be paid during the six months following such Account Funding Date, as set forth in the written instructions delivered by the Partnership pursuant to Paragraph 3(k). "MONTHLY REPLACEMENT RESERVE AMOUNT" means an amount equal to the Replacement Reserve Amount LESS the amount on deposit in the Replacement Reserve Account at the time. "REPLACEMENT RESERVE AMOUNT" means an amount equal to $594,700.00. The Partnership shall give written instructions to Account Bank, with a copy to Trustee, on the Business Day preceding each Account Funding Date, which instructions shall specify the respective amounts of the withdrawals from the Operating Account and deposits into each other Account on such Funding Date.
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Examples of Debt Service Payment Amount in a sentence

  • Borrower shall make a payment to Lender of interest in the amount of the Monthly Debt Service Payment Amount on the First Monthly Payment Date and on each Monthly Payment Date occurring thereafter to and including the Maturity Date.

  • The Tax and Insurance Escrow Fund and the Monthly Debt Service Payment Amount, shall be added together and shall be paid as an aggregate sum by Borrower to Lender.

  • The Monthly Debt Service Payment Amount due on any Payment Date shall first be applied to the payment of interest accrued during the preceding Interest Period and the remainder of such Monthly Debt Service Payment Amount shall be applied to the reduction of the unpaid Principal.

  • On each Payment Date after the Anticipated Repayment Date up to but not including the Maturity Date, in addition to the Monthly Debt Service Payment Amount, Borrower shall pay to Lender any Excess Cash Flow for the calendar month preceding such Payment Date.

  • The Monthly Debt Service Payment Amount due on any Payment Date shall be applied to the payment of interest accrued during the preceding Interest Period.

  • The Monthly Debt Service Payment Amount shall be applied first to accrued and unpaid interest and the balance to the Outstanding Principal Balance.

  • The non-interest only portion of Monthly Debt Service Payment Amount required hereunder is based upon a thirty (30) year amortization schedule.

  • Lender shall have the right to withdraw funds from the Debt Service Account to pay the Monthly Debt Service Payment Amount on or after the date when due, together with any late payment charges or interest accruing at the Default Rate.

  • Beginning on October 1, 2020 (the “First Payment Date”) and each subsequent Payment Date up to and including the Maturity Date, Borrower shall make a payment to Lender of principal (if any) and interest in an amount equal to the Monthly Debt Service Payment Amount, which payments shall be applied to accrued and unpaid interest.

  • Notwithstanding the foregoing, Borrower expressly acknowledges and agrees that in the event that on any day on which a Debt Service payment is due and payable (a) an Event of Default has occurred and is continuing, or (b) the Debt Service Payment Amount exceeds the funds then on deposit in the Debt Service Reserve Account, Borrower shall remain liable for the payment of all Debt Service amounts that are due and payable notwithstanding the existence of any Debt Service Reserve Account.


More Definitions of Debt Service Payment Amount

Debt Service Payment Amount means for each Payment Date, an amount equal to the sum of (A) the scheduled principal payment due for such Payment Date as more particularly set forth on the payment schedule attached hereto as Schedule 2 and (B) the interest which has accrued on the outstanding principal balance of the Loan for the applicable Interest Period calculated at the Applicable Interest Rate. Notwithstanding the foregoing, the payment schedule set forth on Schedule 2 shall be adjusted by Lender in the event of a release (by operation of a loan paydown, rather than a defeasance) of any Special Release Property in accordance with Section 2.5.2 as follows: the scheduled principal payment amount set forth on Schedule 2 for each Payment Date occurring after the release of any Special Release Property shall be reduced by an amount equal to the product of such scheduled principal payment amount multiplied by a fraction, the numerator of which is the Release Amount for the Special Release Property so released and the denominator of which is the original principal amount of the Loan; provided, however, that the foregoing adjustment shall not be made if, in connection with the release of any Special Release Property in accordance with Section 2.5.2, Borrower conducts a Property Substitution pursuant to Section 2.5.2(b)(ii).
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Debt Service Payment Amount means an amount equal to $3,388,110.70 payable by Borrower on each Payment Date, subject, however, to adjustment as set forth in Section 2.2.10 hereof.
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Debt Service Payment Amount means, as to a specific Payment Date, the interest which accrued on the outstanding principal balance of the Loan for the applicable Interest Period.
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Related to Debt Service Payment Amount

  • 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.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.60% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Payment Amount has the meaning specified in Section 6.1.

  • 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.

  • 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.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.