Definition of Pool Debt Service

  1. Pool Debt Service means an amount equal to the annual principal and interest payment sufficient to amortize in full during a thirty (30) year period, a loan in an amount equal to the amount of the Unsecured Debt, calculated using an interest rate equal to the greater of: (1) the then current annual yield on ten (10) year obligations issued by the United States Treasury on the Business Day immediately prior to the date of borrowing request plus two and one-half percent (2.50%), or (2) six and one-half percent (6.50%).

Definition of Pool Debt Service in Credit Agreement

Pool Debt Service means an amount equal to the annual principal and interest payment sufficient to amortize in full during a thirty (30) year period, a loan in an amount equal to the amount of the Unsecured Debt, calculated using an interest rate equal to the greater of: (1) the then current annual yield on ten (10) year obligations issued by the United States Treasury on the Business Day immediately prior to the date of borrowing request plus two and one-half percent (2.50%), or (2) six and one-half percent (6.50%).