Parity Debt Service definition

Parity Debt Service means, for any Fiscal Year, the sum of: (1) the principal and interest due and payable during such Fiscal Year for all outstanding Parity Debt, and (2) annual fees, if any, under Parity Debt.

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Parity Debt Service means, for any period of twelve consecutive months, the Debt Service Requirement with respect to Parity Indebtedness.

Parity Debt Service means the principal of and interest on, or lease rentals for, any Parity Obligations which are leases, the principal of and interest on any Parity Obligations which are bonds, the payment of BOT payments for any Parity Obligation, and any fiscal agency charges associated with such Parity Obligations and the collection of Tax Increment for the Parity Obligations.

Examples of Parity Debt Service in a sentence

For each tax year while any Bond is Outstanding, the Board shall annually levy and cause an ad valorem property tax to be collected, at the same time and in the same manner as other taxes are levied and collected on all taxable property in the Issuer, to pay Debt Service and to pay Parity Debt Service when due, and the Issuer shall duly and punctually pay Debt Service in accordance with the terms of this Indenture.
Budgeted Transfers, in an amount not to exceed twenty-five percent (25%) of Parity Debt Service referred to in the preceding sentence, as of the last day of the immediately preceding District Fiscal Year may be credited towards the District’s obligations under this clause (i).
If there are insufficient moneys in the Sewer Revenue Fund to pay all Sewer Parity Debt Service on the Combined System Parity Obligations and the Sewer Parity Obligations at any time, the District shall apply funds in the Sewer Revenue Fund to pay Sewer Parity Debt Service on a pro-rata and pari passu basis.
Payment of Parity Debt Service as it becomes due and payable on Parity Debt acknowledged by IBank as of the date hereof or pursuant to Parity Debt issued or incurred in accordance with Section 2.11 hereof.
Payment of Parity Debt Service as it becomes due and payable on Parity Debt acknowledged by IBank as of the date hereof or pursuant to Parity Debt issued or incurred in accordance with Section 2.11 hereof and any amounts needed to replenish reserve accounts established for the Parity Debt to the extent not encompassed by the IBank Reserve Requirement.

More Definitions of Parity Debt Service

Parity Debt Service means, with respect to any Parity Obligation for any period of calculation, those portions of the payments of interest on and principal and redemption premiums, if any, required to be made during such period under such Parity Obligation, less any such interest that is to be paid from proceeds of such Parity Obligation, less the earnings to be derived from the investment of moneys on deposit in debt service reserve funds and capitalized interest funds established for such Parity Obligation; provided, that for purposes of the calculation of Parity Debt Service, the following shall apply:

Parity Debt Service. 2 means, for any period, the sum of:

Parity Debt Service means, for any Fiscal Year, the sum of:

Parity Debt Service has the meaning set forth in the Installment Purchase Contract. “Parity Obligations” has the meaning set forth in the Installment Purchase Contract. “Participant” has the meaning set forth in Section 9.06(b) hereof.

Parity Debt Service means, for any tax year, principal of and interest on all outstanding general obligation and general obligation refunding bonds of the Issuer heretofore or hereafter issued.

Parity Debt Service means, for any period of calculation,

Parity Debt Service means, for any period, the sum of (i) total interest expense accrued of MAPL and the other Guarantors in respect of Parity Debt for such period (including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs or benefits under hedging agreements in respect of interest rates to the extent such net costs or benefits are allocable to such period in accordance with IFRS), and (ii) all scheduled principal payments required to be made by MAPL and the other Guarantors on Parity Debt for such period; provided that for purposes of the Additional Parity Debt incurrence test set forth in clause (c) of the Negative Covenants, the interest payments in respect of outstanding floating rate Parity Debt (unless such floating rate debt is subject to a hedging obligation that effectively fixes the interest rate with respect to such floating rate Parity Debt) shall be calculated using the floating interest rate that is set as of the date of calculation.