Interest Service definition

Interest Service means, in respect of any Relevant Period, Finance Charges for that Relevant Period less the amount of any interest received by members of the Group from third parties during that Relevant Period.
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Interest Service means, for any period for which it is being calculated, the aggregate amount of accrued interest, commission, fees, discounts, prepayment fees, premiums or charges and other finance payments in the nature of interest in respect of Borrowings (including net hedging payments (excluding break costs)) whether paid or payable by any member of the NWEN Financing Group (calculated on a consolidated basis) in respect of that period:
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Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, but which shall not include any such payments in respect of transactions between or among the Company and/or any Member Guarantor, plus or minus (b) the net amount of any difference between payments by or to the Company under any swap or hedge transactions relating to interest rates during such period.
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Examples of Interest Service in a sentence

  • Permit the Interest Service Coverage Ratio as of the end of any Semi-annual Period to be less than the Interest Service Coverage Ratio Threshold as of the last day of such period.

  • In no event shall Lenders have any obligation to honor a request for a Loan if either (I) the Aggregate Usage at such time plus the requested Loan (including any Unfunded Financing Commitment Amount resulting from such Loan) would exceed the Borrowing Base or (II) the Borrowers have failed to comply with the Interest Service Coverage Ratio for the applicable Interest Coverage Calculation Period.

  • The Borrower shall at all times maintain the Interest Service Coverage Ratio at greater than or equal to 4.00 to 1 and shall calculate the Interest Service Coverage Ratio as at the last day of each Fiscal Quarter.

  • The amortization schedule for a Loan will identify the portion of each monthly payment that consists of Interest, Service Charge, and principal repayment.

  • The Obligor will not permit as of the last day of any fiscal quarter of the FOXTEL Group the ratio of (a) EBITDA to (b) Interest Service, in each case for the twelve month period ending on such day, to be less than 3.50:1.

  • Account(s) means the Trust and Retention Account and each of the sub – accounts being the Revenue Account, the Statutory Dues Account, the Fuel Cost Account, Operations and Maintenance Expense Account, Interest Service Account, Debt Repayment Account and the Surplus Account.

  • On any date, the Account Bank may permit withdrawal of amounts from the Interest Service Account not exceeding the Interest Amount due to the Lenders in accordance with the Financing Documents.

  • On each Monthly Distribution Date, the Account Bank shall transfer amounts equivalent to the Interest Amount for the succeeding month to the Interest Service Account.

  • The Borrower shall at all times maintain the Interest Service Coverage Ratio to be greater than or equal to 4 to 1.

  • Conflicts of Interest: Service Provider warrants that there exists no actual, potential or appearance of conflict between Service Provider’s family, businesses, or financial interest and Service Provider’s performance of the Services.


More Definitions of Interest Service

Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, including cash interest paid (but not capitalized interest) on any Subordinated Debt, but which shall not include any such payments in respect of transactions between or among Members, plus or minus (b) the net amount of any difference between payments by or to any MembersTransaction Party under any Swap Agreement relating to interest rates during such period., minus (c) the aggregate amount of interest or amounts in the nature of interest or of similar effect to interest received by a Member (excluding any such amount received from another Member) and minus (d) any early termination costs in relation to a Swap Agreement.
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Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross-ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, but which shall not include any such payments in respect of transactions between or among Members, plus or minus (b) the net amount of any difference between payments by or to any Members under any Swap Agreement relating to interest rates during such period.
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Interest Service means, with respect to any period, without double counting, an amount equal to (a) the aggregate amount of all Interest Expenses, rentals, any other recurrent payments of a similar nature (including gross- ups and increased cost payments) and any other recurring fees, costs and expenses paid during such period, in each case under or in relation to any Indebtedness of any Member, but which shall not include any such payments in respect of transactions between or among the Company and/or any Member Guarantor, plus or minus (b) the net amount of any difference between payments by or to the Company under any swap or hedge transactions relating to interest rates during such period.
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Interest Service means total interest expense for the applicable period determined in conformity with GAAP with respect to all outstanding Debt of the company and its Subsidiaries on a consolidated basis, whether the interest expense was expensed, capitalized, paid, accrued, or scheduled to be paid or accrued, and including without limitation and without duplication for any period or any amount included in any prior period, (a) all interest payable pursuant to this Agreement with respect to the Floor Plan Credit and Revolving Credit, (b) all Capital Lease Obligations, (c) net costs for that period under all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements, and interest rate insurance, (d) all commitment fees, fees payable to the Agent pursuant to the Fee Letter, and the continuation fee specified in Section 3.3, accrued, accreted, or paid during the period, and (e) any fees and other obligations (other than reimbursement obligations) with respect to any letters of credit and bankers’ acceptances (whether or not matured) accrued, accreted, or paid for the period.
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Related to Interest Service

  • Interest Settlement Rate As defined in Section 4.08.

  • Rate Center means the specific geographic point that has been designated by a given LEC as being associated with a particular NPA-NXX code that has been assigned to the LEC for its provision of Telephone Exchange Service. The Rate Center is the finite geographic point identified by a specific V&H coordinate, which is used by that LEC to measure, for billing purposes, distance sensitive transmission services associated with the specific Rate Center.

  • Telerate British Bankers Assoc. Interest Settlement Rates Page means the display designated as Page 3750 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market).

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • LIBOR Telerate is specified on the face hereof or neither “LIBOR Reuters” nor “LIBOR Telerate” is specified on the face hereof as the method for calculating LIBOR, the display on Telerate (or any successor service) on the page specified on the face hereof (or any other page as may replace such page on such service) for the purpose of displaying the London interbank rates of major banks for the LIBOR Currency.