Senior Debt Service definition

Senior Debt Service means, for any period with respect to the Borrowers, the sum of payments made or required to be made by Borrower during such period for (i) interest only payments due on the Revolving Loans facility, and (ii) interest and scheduled principal payments due on any and all other Indebtedness for Borrowed Money excluding the Subordinated Debt.

Senior Debt Service means for any period of twelve consecutive months the sum of Bond Debt Service and Parity Debt Service during the period.

Senior Debt Service means the obligations to pay principal and interest, together with all fees, indemnities, and other amounts payable on the Senior Debt (other than the Hedging Instruments and the final principal instalment of any Commercial Tranche payable in accordance with the applicable Repayment Schedule).

Examples of Senior Debt Service in a sentence

• Tax Revenues shall be deposited in each Sinking Fund pursuant to the Sinking Fund Requirements specified by Series Resolution, which deposits may be adjusted to recognize early retirement of Bonds and earnings and profits on Eligible Investments in each Sinking Fund (if required by the Authority’s tax covenants or directed by Officer’s Certificate to be retained therein) and shall be provided for as Quarterly Senior Debt Service or Quarterly Subordinate Debt Service.

• For more information regarding the economic conditions in the City, see “SECTION III: ECONOMIC AND DEMOGRAPHIC INFORMATION.” Debt Service Coverage The Indenture includes the Quarterly Senior Debt Service Covenant which provides that the maximum Quarterly Senior Debt Service may not exceed $330 million.

• After Tax Revenues are retained by the Trustee for the payment of Senior Debt Service, such Tax Revenues are paid to the Authority for its operating expenses.

• Interest on and principal of the Fixed Rate Bonds are payable from Tax Revenues of the Authority subordinate to the payment of Senior Debt Service and operating expenses of the Authority.

• Interest on and principal of the Fixed Rate Bonds are payable from Tax Revenues, subordinate to payment of Senior Debt Service, including principal and interest on Senior Bonds Outstanding and to be issued and operating expenses of the Authority.

More Definitions of Senior Debt Service

Senior Debt Service means, for the Testing Period, the sum of: (a) the expenses paid in cash of the Company and its Subsidiaries, on a consolidated basis, for the Testing Period for interest payable with respect to all Debt and all fees paid on account of or with respect thereto, minus the expenses paid in cash of the Company and its Subsidiaries, on a consolidated basis, for the Testing Period for interest payable with respect to all Subordinated Debt and all fees paid on account of or with respect thereto, in each case, determined in accordance with GAAP; plus (b) regularly scheduled principal amortization payments made or required to be made on account of Debt for the Testing Period (exclusive of pay-offs or pay-downs on account of such Debt), in each case determined in accordance with GAAP.

Senior Debt Service means, for any applicable period, the sum of (i) the aggregate amount of interest accrued by the Companies during such period in respect of the Senior Debt and (ii) the principal portion of the Senior Debt payable during such period, determined in accordance with GAAP.

Senior Debt Service means, with respect to the Senior Secured Obligations, for any period, as of any date of calculation, an amount equal to the sum of all principal and interest and fees with respect to the Senior Secured Obligations accruing and payable in respect of such period, as set forth in the most recent Revised Financial Model. In determining the principal amount of Senior Secured Obligations due in such period, payment shall be assumed to be made in accordance with any amortization schedule established for such Senior Secured Obligations.

Senior Debt Service means, for any Fiscal Year, the amounts required to be paid pursuant to any Senior Debt Instrument.

Senior Debt Service means, for any period, as of any date of calculation, an amount equal to the sum of all Debt Service in respect of the Senior Obligations, accruing and payable during such period as set forth in the most recent Revised Financial Model (or in the Base Case Financial Model to the extent that no Revised Financial Model has been prepared). In determining the principal amount of Senior Obligations due in such period (unless a different subsection of the definition of “Debt Service” applies for purposes of determining principal maturities or amortization), payment shall be assumed to be made in accordance with any amortization schedule established for such Senior Obligations, including any scheduled redemption of Senior Obligations on the basis of Accreted Value and for such purpose the redemption payment shall be deemed a principal payment.

Senior Debt Service means Debt Service as such term is defined in the 1999 Installment Purchase Agreement, which definition is incorporated herein by reference.

Senior Debt Service during any period, all payments of principal, interest, premium, fees and other charges with respect to Borrower's Obligations, Guarantors' Obligations and Permitted Senior Indebtedness which are due and payable during such period, but excluding the Loan Fees and any Prepayment Premium.