Total Annual Debt Service means the sum of (i) the aggregate regularly scheduled debt service payments on the Portfolio Loan for the applicable time period, plus (ii) the aggregate regularly scheduled debt service payments (including principal and interest) on all other indebtedness secured by a lien on all or part of the Portfolio Properties for the applicable time period.
Total Annual Debt Service means the sum of (i) the aggregate regularly scheduled debt service payments on the Portfolio Loan for the applicable time period, plus (ii) the aggregate regularly scheduled debt service payments (including principal and interest) on all other indebtedness (other than the STAG IV Indebtedness) secured by a lien on all or part of the Portfolio Properties for the applicable time period.
Total Annual Debt Service means, for any fiscal year (subject to clause (i) in the definition of Projected Maximum Total Annual Debt Service), total principal becoming due in such period and total interest expenses (including that portion attributable to capital leases) of the Authority in respect of all outstanding Proposition C Indebtedness.
Examples of Total Annual Debt Service in a sentence
Debt service reserves for tax-supported debt shall not exceed a three-month reserve of the current year total debt service expenditure budget (i.e. Total Annual Debt Service Budget/12 month x 3 months).
The STCF Surcharge is defined as follows:STFC Surcharge = Total Annual Debt Service of STCF/Estimated volume of electricity sales in FY 2014/15.
E-22Table XVII Schedule of Total Annual Debt Service – Last Two Fiscal Years plus Next Year ..............
Kimmel turned to Scenario 4: County Issues Maximum $11.2 Million Total Annual Debt Service w/Fastest Payoff to Fund $57.3 Million for Government Center and Joint Training Facility with Extra $2.2 Million Capacity.
The remaining 19% is liquidated by other governmental funds and internal service funds.E. Total Annual Debt Service RequirementsAccrued compensated absences, claims and judgments, landfill closure and postclosure care, pension liability, other postemployment benefit liability, and intergovernmental payable are excluded from this tabulation.
More Definitions of Total Annual Debt Service
Total Annual Debt Service. With respect to a Project, the aggregate of debt service payments (principal and interest) during a twelve (12) month period under a mortgage style amortization of the original principal amount of such Project Loan, assuming (x) a per annum interest rate equal to 4.5%, and (y) monthly payments of principal and interest based on an amortization period of thirty (30) years.
Total Annual Debt Service means the aggregate debt service payments for the applicable twelve (12) month period (for which NOI is calculated in connection with the determination of the Debt Service Coverage Ratio) on the Loan and all other indebtedness secured, or to be secured, by any part of the Property; and “Loan to Value Ratio” shall mean the ratio, as reasonably determined by Xxxxxx, of (a) the aggregate principal balance of all encumbrances against the Property to (b) the fair market value of the Property.
Total Annual Debt Service means for each succeeding twelve month period scheduled Bond Service Charges to be paid during that period on all Outstanding Bonds reduced by an amount to be determined by assuming that the balance in the Program Reserve Fund were applied to redeem Outstanding Bonds.
Total Annual Debt Service for the Loan means, as of any date of determination, the greater of (A) the then outstanding principal amount of the Loan Amount times a loan constant of ten and nine-tenths percent (10.9%), which is a numerical factor defined by the Interest Rate and the applicable amortization schedule (based on the current month's Interest Rate multiplied by twelve (12)) and (B) the actual Loan debt service paid during the twelve (12) consecutive months prior to the date of such determination.
Total Annual Debt Service means the sum of (i) the aggregate dollar amount of principal and interest payments due under the Loan for the 12-month period preceding the date of the proposed Transfer; and (ii) the aggregate debt service payments (including principal and interest) of any other indebtedness secured by a lien on all or part of the Secured Property (i.e. other than the Loan, however, such Loan payments have been included in (i)) for the same time period; provided that the inclusion of (ii) in such calculation shall not be deemed State Farm’s consent or approval of any other indebtedness secured by a lien on all or part of the Secured Property.
Total Annual Debt Service means the sum of (i) the aggregate debt service payments (including principal and interest) on the loan for the applicable time period, plus (ii) the aggregate debt service payments (including principal and interest) on all other indebtedness secured by a lien on all or part of the Real Property for the applicable time period. Cornerstone Properties Inc., a Nevada corporation ("Cornerstone"), is the parent company of each of the general partners of Grantor. Notwithstanding the foregoing, the shares of Cornerstone that are publicly traded may be freely transferred.
Total Annual Debt Service means the sum of the aggregate debt service payments (including principal and interest) on the Loan for the applicable time period, provided that amortization shall be imputed whether or not amortization has commenced as provided in the Note.