level debt service definition
level debt service means that net total annual or fiscal debt service, except for short or stub periods, must be approximately equal for every annual or fiscal period, provided that all net annual or fiscal payments must be within a dollar amount range not to exceed the greater of two-tenths of one percent (0.2%) of the bond issue or twice the stated denomination of the bonds, and
level debt service means that net total annual or fiscal debt service, except for short or stub periods, must be approximately equal for every annual or fiscal period, provided that all net annual or fiscal payments must be within a dollar amount range not to exceed the greater of two-tenths of one percent (0.2%)
level debt service means a debt service schedule in which the combined annual amount of principal and interest payments remain constant over the life of such debt service.
More Definitions of level debt service
level debt service means the largest amount of debt service payable in any applicable Bond Year does not exceed the smallest amount payable in applicable Bond Year by more than $100,000.