Notes Debt definition
Examples of Notes Debt in a sentence
Result Points Possible Points Earned 50 30 0 0 Measure 2d Debt Service Coverage Ratio Notes Debt Service Coverage Ratio: (Net Income + Depreciation + Interest Expense)/(Annual Principal, Interest, and Lease Payments) Meets Standard: Debt Service Coverage Ratio is equal to or exceeds 1.1 Does Not Meet: Debt Service Coverage Ratio is less than 1.1 Due to the Reinstatement of Pension Liability, as required by GASB 68, Net Position may be higher than expected.
Grantor shall pay the Notes Debt and Bond Loan when due under the terms of the applicable Debt Instruments and shall perform, observe and comply with or cause to be performed, observed and complied with, in a complete and timely manner, all of the provisions hereof.
The Notes Debt and Bond Loan are governed by the terms and provisions set forth in the Notes Indenture and the Bond Loan Agreement, respectively, and in the event of any conflict between the terms of this Deed of Trust on one hand, and the terms of the Notes Indenture or the Bond Loan Agreement, on the other hand, the terms of the Notes Indenture or the Bond Loan Agreement, as applicable, shall control.
However, if during the first two years from the Effective Date, the Company has repaid at least 50% of the Deferred Series B Notes Debt, then the balance of the Principal of the Series B Notes as it shall be at the end of the first two years after the Effective Date will be automatically delayed by one additional year and payable in 3 equal annual installments on July 1 of each of the years 2017 to 2019, inclusive.
Upon full payment and satisfaction of Borrower's Liabilities with respect to the Notes Debt or Bond Loan, as the case may be, and the termination of all obligations of the applicable Beneficiary under its respective Loan Agreement, such Beneficiary shall issue to Grantor an appropriate release or satisfaction in recordable form.