Projected Debt Service definition

Projected Debt Service means, at any time, the projected aggregate of the amounts payable (excluding any prepayments) by the Borrower under this Agreement plus the net amount payable (or, as the case may be, minus the net amount receivable) by the Borrower under the Swap Contracts during the twelve-Month period following the date of a Debt Service Cover Compliance Certificate;

Projected Debt Service means, for any period, the Debt Service projected to be payable during such period (excluding any principal payments on the Term Loans not scheduled to be paid pursuant to 3.2 during such period).

Projected Debt Service as of any Quarterly Calculation Date, the projected Debt Service for the twelve-month period ending on the fourth succeeding Quarterly Calculation Date.

Examples of Projected Debt Service in a sentence

• The Projected Debt Service Coverage Ratio, with respect to the Calculation Period in effect on the date such calculation is made (as set forth in the current Annual Budget and Base Case Model), is equal to or greater than 1.20.

• C-23 Projected Debt Service on Proposed Debt Issuance:General Obligation Bonds .............................................................................................

• In the event that an Upwind Array Event shall occur, then within ninety (90) days of such event (such date the “Adjustment Date”), Borrower shall calculate and deliver to the Administrative Agent a Projected Debt Service Coverage Ratio as of such date using the applicable Base Case Project Projections updated with any changes needed solely to take into account the effect, if any, of such Upwind Array Event on the expected power production of any Project, as determined by the Independent Engineer.

• The fund balance is higher than expected; medical claims are trending positive, with a 1% to 1.5% premium increase for next year.Page 2C - Biennial Budget Projections; $2.7 million increase; and a big debt service increase projected to $10.5 million in FY 2018.Page 2D - Projected Debt Service Analysis.

• The full calculation of the Projected Debt Service Coverage Ratio (together with supporting documentation) is set forth in Attachment B to the Independent Engineer's Certificate.

More Definitions of Projected Debt Service

Projected Debt Service means, for any Relevant Period, for the Borrower and its Subsidiaries determined on a Consolidated Basis, the sum (determined without duplication) of: (i) all scheduled payments projected to fall due on account of principal of Debt and interest and other charges on Debt, plus (ii) any payment projected to be made or required to be made to any debt service account under the terms of any agreement providing for the Debt during the Relevant Period; provided, that, for the computation of interest payable during any period for which the applicable rate is not yet determined, that interest shall be computed at the rate in effect on the relevant date of calculation plus (iii) all scheduled payments projected to fall due on account of operating leases during such Relevant Period, including interest and any other fees and charges related to such operating leases.

Projected Debt Service means, on any date of determination and for any period, the amount of Debt Service projected to be payable by the Borrower during such period calculated as of such date of determination using the Financial Model as then in effect.

Projected Debt Service means, in respect of any Forward DSCR Test Period, the aggregate of:

Projected Debt Service means, in respect of any Projection Period, the sum of total projected gross interest costs, scheduled amortisations and repayments related to the Group’s total interest bearing debt in accordance with GAAP.

Projected Debt Service means, as of any date of determination, ---------------------- the sum of (a) all scheduled Reducing Commitment reductions under Section 2.1(b) during the four quarter period following the end of the fiscal quarter then most recently ended, (b) all principal payments required to be made by the Borrowers, the Holdco Affiliates and their respective Subsidiaries on Total Debt, other than the Loans, but including, without limitation, the PCI Debt, Seller Debt and Capitalized Lease Obligations, during such subsequent four quarter period, and (c) all cash interest payments and payments of fees on Total Debt required to be made by the Borrowers, the Holdco Affiliates and their respective Subsidiaries during such subsequent four quarter period. In calculating Projected Debt Service, (i) the interest rate applicable during such subsequent four quarter period to any Indebtedness which does not bear interest at a rate which is fixed (either by its terms or pursuant to an agreement regarding Rate Hedging Obligations) for the entire subsequent period shall be deemed to be the interest rate in effect as of the date of determination, and (ii) it shall be assumed that the principal amount of Loans outstanding as of the date of determination will be outstanding for the subsequent four quarter period subject to any required commitment reductions.

Projected Debt Service shall include actual and (without duplication) scheduled payments projected to be paid to the Borrower under the Initial Interest Rate and Currency Hedge Agreement and any Replacement Interest Rate and Currency Hedge Agreement during such period.

Projected Debt Service means, with respect to each Annual Budget, the Debt Service projected in such Annual Budget with respect to the annual period to which such Annual Budget relates.Restrictions on activities The Borrowers will, pursuant to the terms of the Borrower Loan Agreement, be restricted from carrying on certain activities including the following: