Funded Debt Service means, in respect of any fiscal period, without duplication: (i) the aggregate amount of Interest paid or payable in respect of the Funded Debt of the Borrower on a consolidated basis in respect of such fiscal period (but for greater certainty, excluding any Interest which is capitalized and not paid or payable during such fiscal period); plus (ii) the aggregate amount of scheduled principal payments and scheduled Capital Lease payments paid or payable in respect of the Funded Debt of the Borrower on a consolidated basis in respect of such fiscal period (except the portion of any final payment due in respect of such Funded Debt which constitutes a "balloon payment" and any amount paid in connection with the exercise of an option to purchase equipment under a Capital Lease).
Funded Debt Service means, at any time, on a consolidated basis, (i) the aggregate amount of interest and other fees and expenses paid in respect of Funded Debt in respect of the immediately preceding twelve (12) month period plus, (ii) the aggregate amount of payments (except with respect to any principal portion thereof) which are scheduled to be made in respect of capital leases in the following twelve (12) month period;
Funded Debt Service. Means, with respect to Borrower and the Consolidated Subsidiaries, for any period, the sum of (a) the aggregate of all principal and interest payments and repurchase or redemption payments required or scheduled to be made during such period with respect to Funded Debt, (b) interest payments required to be made during such period with respect to Indebtedness under this Agreement and (c) Preferred Dividends accruing or payable during such period.
Examples of Funded Debt Service in a sentence
Funds are then deposited to make up any deficiencies in the debt service reserve funds for the Subordinate Bonds, the Special Revenue Bonds Funded Debt Service Sub Account, or to repay PennDOT for any draws on the Motor License Fund.
The Authority’s Second Program General Bond Resolution provides that a Debt Service Reserve Fund shall be established for each bond that is issued• Cash Funded Debt Service Reserve - a fund in which moneys are placed in reserve to be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements.
The Company shall not permit its ratio of Consolidated Net Income plus depreciation, amortization and other non-cash expenses to Funded Debt Service (as defined below) for each 12-month period ending on the last day of each of its fiscal quarters to be less than 1.15 to 1.00.
Commencing with the fiscal quarter ending March 31, 2016, as of the last day of each fiscal quarter, the Loan Parties shall maintain (and VCI shall certify, on behalf of the Loan Parties, to Lender in the Compliance Certificate delivered with the financial statements delivered pursuant to Section 5.1(b)) a Funded Debt Service to EBITDA Ratio not to exceed 3.00 to 1.00.
More Definitions of Funded Debt Service
Funded Debt Service means, in respect of any fiscal period, without duplication: (i) the aggregate amount of Interest paid or payable in respect of the Funded Debt of Tucows Inc. on a consolidated basis in respect of such fiscal period (but for greater certainty, excluding any Interest which is capitalized and not paid or payable during such fiscal period); plus (ii) the aggregate amount of scheduled principal payments and scheduled Capital Lease payments paid or payable in respect of the Funded Debt of Tucows Inc. on a consolidated basis in respect of such fiscal period, except the portion of any final payment due in respect of such Funded Debt which constitutes a “balloon payment” and any amount paid in connection with the exercise of an option to purchase equipment under a Capital Lease.
Funded Debt Service means, for any period, the amount in Dollars which will be necessary in order to pay in full all principal and interest and other amounts accruing in respect of Funded Indebtedness which (in the case of all such principal, interest or other amounts) are scheduled to, or otherwise are reasonably expected to, become due and payable during that period.
Funded Debt Service as of the end of any fiscal quarter means the sum of (i) scheduled payments of interest and principal due on any Debt of the Company or any Subsidiary (excluding for this purpose deposits) having an original term of one year or more (other than Debt owed to the Company or any Wholly Owned Subsidiary) during the 12-month period ending or the last day of such fiscal quarter, plus (ii) the aggregate amount of the last four quarterly dividends paid by the Company.
Funded Debt Service of a Person shall mean without duplication, the sum of (a) estimated cumulative interest and principal owed under this Loan Agreement during the six months following the current quarter end plus (b) all interest and principal owed during the six months following the current quarter end for borrowed money of the Loan Parties that is senior in priority to the Obligations and subject to a perfected Lien in favor of the holder of such Indebtedness. For the avoidance of doubt, Indebtedness subject to a Subordination Agreement shall not be included in the determination of the outstanding amount of Indebtedness described in clause (b).
Funded Debt Service. Healthcare Connect Subsidiaries" and "Permitted Indebtedness" and adding the following definitions (in appropriate alphabetical order): Applicable Coverage Ratio. Means, as of any date, the ratio of (a)(i) EBIT, plus (ii) amortization and depreciation expense, plus (iii) the Development Cost Interest Coverage Ratio Adjustment Amount, plus (iv) the Phar-Mor Interest Coverage Ratio Adjustment Amount, plus (v) the CareStream EBT Adjustment Amount, less (vi) the CareStream D&A Adjustment Amount, of Borrower and the Consolidated Subsidiaries for the 12 month period ended on such date, to (b)(i) Interest Expense, less (ii) the CareStream Interest Expense Adjustment Amount, plus (iii) interest income then being currently received (to the extent such income is netted against interest charges in the definition of "Interest Expense"), for such 12 month period. CareStream D&A Adjustment Amount. Means, for each date of determination after the CareStream Operations shall have been first accounted for as a discontinued operation of Borrower and the Consolidated Subsidiaries in accordance with GAAP, the amounts in respect of depreciation and amortization allocated to the CareStream Operations in accordance with GAAP for the 12 month period ending on such date of determination.
Funded Debt Service means, for any period, the amount in Dollars (which, ------------------- except as provided below, in the case of any Tranche B Gold Loan or any interest or other amount accruing thereon, shall be the Dollar equivalent thereof calculated at the relevant Loan Base Price with respect to such Tranche B Gold Loan), which will be necessary in order to pay in full all principal of and interest (after taking into account all Interest Rate Protection Agreements in effect during such period which shall have been shown, to the satisfaction of the Administrative Agent, to provide hedging in respect of any relevant interest payments) and other amounts accruing in respect of all Loans which (in the case of all such principal, interest or other amounts) are scheduled to become due and payable during such period (or, in the case of any determination of Funded Debt Service used in the computation of Consolidated Operating Costs for the purposes of calculating Historical Net Cash Flow for any period, such amount which was actually paid during such period and, to the extent any such Funded Debt Service is made up of Tranche B Gold Loans, calculated on the basis of the Dollar equivalent thereof as at the date of payment).
Funded Debt Service contained in Section 1.01 thereof, are amended in their entirety to read as follows, respectively: