Income Available for Debt Service means, in any fiscal year, the excess of Operating Revenues over Operating Expenses, but (i) including in Operating Revenues charitable contributions and interest and income on investments available for operations or debt service (exclusive of any unrealized gains or losses on investments) and including in Operating Revenues proceeds of casualty insurance received by the Corporation in connection with mortgaged property where the terms of the mortgage indebtedness permit prepayment thereof with such proceeds and where the Corporation has made a written election to apply such proceeds to such prepayment and proceeds of business interruption insurance, and (ii) excluding from Operating Expenses depreciation, amortization and interest expense.

Income Available for Debt Service means the Palo Verde Receipts and the Santa Xxxx Receipts.

Income Available for Debt Service means, for any period of calculation, the net change in fund balance of the governmental funds of the Purchaser, plus amounts deducted in arriving at such net change in fund balance for interest on Restricted Indebtedness.

Examples of Income Available for Debt Service in a sentence

The Corporation shall furnish to the Trustee evidence that the Corporation’s Income Available for Debt Service shall satisfy the applicable percentage, as set forth below, of the Corporation’s Total Principal and Interest Requirements.
The ratio of (x) Consolidated Income Available for Debt Service to (y) Consolidated Interest Expense shall at all times exceed 2.00 to 1.0, calculated at the end of each Fiscal Quarter, based on the Fiscal Quarter just ended and the immediately preceding three Fiscal Quarters.
The Operating Partnership will not permit the ratio of Consolidated Income Available for Debt Service to Interest Expense for the period consisting of the four consecutive fiscal quarters ended on the most recent Reporting Date to be less than 1.5:1 as of such Reporting Date.
Each of the Company and the Parent Guarantor will not at any time permit the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters then most recently ended to be less than 1.50 to 1.00.
It would be great if this method should:▪ Be successfully finished;▪ Throw an exception; in this case no data should be changed.

More Definitions of Income Available for Debt Service

Income Available for Debt Service means for any period, the excess of Revenues over Expenses of the Person or group of Persons involved.

Income Available for Debt Service means, as to any period of time, the excess of Revenues over Expenses of the Borrower for such period.

Income Available for Debt Service means, for any period of time, the excess of Revenues over Expenses.

Income Available for Debt Service means, with respect to the period of time for which calculated, the amount, if any, by which total revenue exceeds total expenses (other than depreciation, amortization and interest together with Obligation Payments to the extent that such Obligation Payments are treated as an expense during such period of time), of the Person or group of Persons involved determined in accordance with Generally Accepted Accounting Principles; provided, however, that no determination thereof shall take into account (a) any gain or loss resulting from the extinguishment of Indebtedness, (b) any gain or loss resulting from the sale, exchange or other disposition of assets not in the ordinary course of business, (c) any gain or loss resulting from any discontinued operations, (d) any gain or loss resulting from pension terminations, settlements or curtailments, (e) any unusual charges for employee severance,

Income Available for Debt Service means, as to any Fiscal Year or other specified period, (a) excess of revenues over expenses of the Company before depreciation, amortization and interest expense on Long-Term Indebtedness, as determined from the Audited Financial Statements or as otherwise herein provided, provided that unrealized gains and losses on investments will not be recognized in the calculation of Income Available for Debt Service, plus (b) capitalized or funded interest available for and scheduled to be applied to interest obligations accrued during such period; provided, however, that (i) no determination thereof shall take into account any gain or loss resulting from either the extinguishment of Indebtedness or the sale, exchange or other disposition of capital assets not made in the ordinary course of business, and (ii) revenues shall not include earnings from the investment of Escrowed Interest or earnings constituting Escrowed Interest.

Income Available for Debt Service means, for any period of 12 consecutive calendar months for which such determination is made, Net Revenues; provided, however, that no determination thereof shall take into account (a) a gain or loss resulting from the extinguishment of Bonds, (b) the sale, exchange or other disposition of capital assets not made in the ordinary course of business, (c) unrealized gains or losses, or (d) earnings on the Construction Fund.

Income Available for Debt Service means, in any fiscal year, the excess of Operating Revenues over Operating Expenses, but (i) including in Operating Revenues: (a) charitable contributions and interest and income on investments available for operations or debt service (exclusive of any unrealized gains or losses on investments); (b) unrestricted equity transfers of cash or cash equivalents from commonly controlled affiliates; and (c) proceeds of casualty insurance received by the Borrower in connection with mortgaged property where the terms of the mortgage indebtedness permit prepayment thereof with such proceeds and where the Borrower has made a written election to apply such proceeds to such prepayment; and