Mandatory Debt Service definition

Mandatory Debt Service means for any period, the sum of all scheduled interest, premium, if any, and principal due and payable during such period in respect of all Indebtedness of the Borrower; provided that fees, including any current fees, payable in connection with the issuance of any Additional Senior Indebtedness shall be excluded.

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Mandatory Debt Service means, for any period of four fiscal quarters of the Borrower, the sum of the following amounts payable during such period:

Mandatory Debt Service means, for any Calculation Period, the sum of the following amounts payable during such period: (a) all interest on the Loans, (c) all commitment and agency fees payable by the Borrower, and (c) any periodic scheduled payments constituting Hedging Obligations payable by the Borrower (or less amounts payable to the Borrower); provided that for purposes of calculating the Backward Debt Service Coverage Ratio for any period of four fiscal quarters of the Borrower ending on any date specified below, Mandatory Debt Service shall be calculated as follows:

Examples of Mandatory Debt Service in a sentence

On each Semi-Annual Payment Date occurring on or after the Debt Service Payment Commencement Date and prior to the Level Payment Commencement Date, the Borrower shall pay TIFIA Mandatory Debt Service in the amounts set forth in respect of such Semi-Annual Payment Date on Exhibit G, as the same may be revised as provided in Section 7 (Outstanding TIFIA Loan Balance; Revisions to Exhibit G and Loan Amortization Schedule), which payments shall be made in accordance with Section 9(g) (Manner of Payment).
On each Semi-Annual Payment Date commencing on the Level Payment Commencement Date, the Borrower shall pay TIFIA Mandatory Debt Service in the amount of one hundred percent (100%) of the Fixed Level Payment, which payments shall be made in accordance with Section 9(e) (Fixed Level Payments) and Section 9(g) (Manner of Payment).
The Concessionaire shall pay to the Borrower/Issuer, and the Borrower/Issuer shall pay to the TIFIA Lender (as owner of the TIFIA Bond), Mandatory Debt Service on the TIFIA Loan for each Payment Period in the respective amounts set forth on Exhibit H hereto, which payments shall be made in accordance with Section 9(d).
Notwithstanding anything to the contrary herein, upon the occurrence of a Bankruptcy Related Event with respect to the Borrower, all TIFIA Debt Service shall be treated as TIFIA Mandatory Debt Service for all purposes under the TIFIA Loan Documents and Indenture Documents.
No portion of the principal amount of the TIFIA Loan shall constitute Mandatory Debt Service.

More Definitions of Mandatory Debt Service

Mandatory Debt Service means, for any applicable period, the sum of (i) regularly scheduled Senior Debt Service plus (ii) regularly scheduled Issuer Debt Service (treating all Base Interest as due in cash except to the extent otherwise provided in the Projections).

Mandatory Debt Service means all scheduled interest and principal payments on the Notes due on any Payment Date.

Mandatory Debt Service means with respect to any Payment Date occurring on or after the Debt Service Payment Commencement Date the portion of interest unconditionally required to be paid on the TIFIA Loan on such Payment Date pursuant to Section 9(b).

Mandatory Debt Service for any period means all scheduled interest (including Additional Interest) and principal payments and fees payable during such period in respect of the Bonds.

Mandatory Debt Service means, for any period, the sum of all interest, Make-Whole Premium, if any, premium, if any, and principal due and payable during such period in respect of all Debt of the Issuer; provided that (i) fees, including consent fees, payable in connection with the issuance of any Additional Senior Debt and (ii) any capitalized interest relating to Additional Senior Debt which is paid solely with a portion of the proceeds of such Additional Senior Debt, shall be excluded. For the avoidance of doubt, any costs incurred and payments made by the Issuer in connection with the termination of certain Interest Rate Agreements at or around the Closing Date shall not be included in the calculation of Mandatory Debt Service.

Mandatory Debt Service means, with respect to any Payment Date occurring on or after the Debt Service Payment Commencement Date, the portion of interest unconditionally required to be paid on the Series 2007-1 TIFIA Bond on such Payment Date pursuant to the TIFIA Loan Agreement.

Mandatory Debt Service means Mandatory Secured Debt Service and/or Mandatory Unsecured Debt Service, as applicable.