Subordinate Debt Service means interest, redemption premium, purchase price to the extent provided by Officer’s Certificate, Sinking Fund Requirements and (without duplication) principal payments due on or on account of Outstanding Parity Debt issued as Bonds and interest on Parity Debt issued as Notes.
Subordinate Debt Service means for any period of twelve consecutive months the Debt Service Requirement with respect to any Subordinate Debt and the Debt Service Component of the Cost of Contracted Services which is not a Parity Debt Service Component.
Subordinate Debt Service means for any period of twelve consecutive months the sum of the amounts required to be deposited in the Subordinate Debt Service Fund during the period pursuant to the Master Indenture with respect to any Subordinate Debt and the Debt Service Component of the Cost of Contracted Services which is not a Parity Debt Service Component.
Examples of Subordinate 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.
More Definitions of Subordinate Debt Service
Subordinate Debt Service means, for any period of calculation,
Subordinate Debt Service means debt service on Subordinate Debt calculated in accordance with the definition of Debt Service with respect to Contracts and Bonds.
Subordinate Debt Service means for any Fiscal Year, the amounts required to be paid pursuant to any Subordinate Debt Instrument.