Maximum Annual Debt Service Requirements definition

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the Securities for which such computation is being made in any Bond Year beginning with the Bond Year in which Debt Service Requirements of such Securities are first payable after the computation date and ending with the Bond Year in which the last of the Debt Service Requirements are payable.

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the Bonds or any portion thereof in any Bond Year beginning with the Bond Year in which Debt Service Requirements of the Bonds or any portion thereof are first payable after the computation date and ending with the Bond Year in which the last of the Debt Service Requirements are payable.

Maximum Annual Debt Service Requirements means, at the time of calculation and taking into consideration the current Fiscal Year and all future Fiscal Years, the greatest amount of Debt Service Requirements during any Fiscal Year on all Indebtedness.

Examples of Maximum Annual Debt Service Requirements in a sentence

• The Net Pledged Revenues for any 12 consecutive months out of the 18 months preceding the month in which such proposed Parity Bonds are to be issued are at least equal to the sum of 125% of the Combined Maximum Annual Debt Service Requirements of the Outstanding Bonds, all Outstanding Parity Bonds and such additional Parity Bonds proposed to be issued.

• Combined Maximum Annual Debt Service Requirements: the Maximum Annual Debt Service Requirements for all issues of Securities or portions thereof for which the computation is being made, treated as a single issue.

• In the event that, according to such calculation, the Net Pledged Revenues received in any Fiscal Year are less than 1.35 times such Maximum Annual Debt Service Requirements, the Enterprise shall, immediately upon the filing thereof, commence funding the Debt Service Reserve Fund monthly so that no later than twenty-four (24) months after the date of such filing, the amount accumulated in the Debt Service Reserve Fund is equal to the Reserve Requirement.

• Strategic Sourcing: A concept of purchasing with the objective to purchase goods or services that will minimize costs, increase managerial effectiveness and improve operational efficiency.UNT Purchasing: A section of the University of North Texas Business Service Center, which is the office designated to purchase goods and services for the University of North Texas and University of North Texas System.

• Maximum Annual Debt Service Requirements: the maximum aggregate Debt Service Requirements (excluding any redemption premiums) due on the Bond or any other Securities payable from the Pledged Revenues in any Fiscal Year beginning with the Fiscal Year in which Debt Service Requirements of the Bond or such Securities are first payable after the computation date and ending with the Fiscal Year in which the last of the Debt Service Requirements are payable.

More Definitions of Maximum Annual Debt Service Requirements

Maximum Annual Debt Service Requirements means the greatest requirement of Annual Debt Service Requirements (taking into account mandatory sinking fund redemption requirements) scheduled to occur in any future Year or in the then current Year for the particular obligations for which such calculation is made. Capitalized interest payments provided from Debt proceeds, accrued interest on any Debt, and interest earnings thereon shall be excluded in making such computation.

Maximum Annual Debt Service Requirements means, as of any date of calculation, the maximum Estimated Debt Requirements estimated for a current or future calendar year period during the term of the Loan.

Maximum Annual Debt Service Requirements means the maximum aggregate Debt Service Requirements (excluding any redemption premiums) due on the Bonds or any other Securities payable from the Pledged Revenues in any Fiscal Year beginning with the Fiscal Year in which Debt Service Requirements of the Bonds or such Securities are first payable after the computation date and ending with the Fiscal Year in which the last of the Debt Service Requirements are payable.

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the Securities for which such computation is being made in any Bond Year beginning with the Bond Year in which Debt Service Requirements of such Securities are first payable after the computation date and ending with the Bond Year in which the last of the Debt Service Requirements are payable. For purposes of this meaning, “Debt Service Requirements” means, for any period, the amount required to pay the principal of and interest on any designated Securities during such period; provided that the determination of the Debt Service Requirements of any Securities shall assume the redemption and payment of such Securities on any applicable mandatory redemption dates; and provided further that in any computation relating to the issuance of additional Senior RTD Debt required by the Concession Agreement, there shall be excluded from the computation of Debt Service Requirements any proceeds on deposit in a bond fund or similar fund or account for such Securities constituting capitalized interest.

Maximum Annual Debt Service Requirements means, with respect to the Series 2021 Bonds and all Obligations, in the aggregate, for which the computation is being made, the greatest amount of Debt Service Requirements coming due in any single Fiscal Year or other designated period when any such series of Obligations is Outstanding; provided that there shall be excluded from such computation the principal of or interest on any Obligations reasonably expected to be paid from proceeds of other Obligations or any other sources other than the Net Pledged Revenues.

Maximum Annual Debt Service Requirements means the largest total Debt Service Requirements for any Fiscal Year and each subsequent Fiscal Year in which Indebtedness of the Obligated Group is Outstanding; provided however that for the Historical Debt Service Coverage Ratio, the principal amount due on the Series 2021 Obligation at maturity shall not be included in such calculation.

Maximum Annual Debt Service Requirements means the greatest requirements of