Total Debt Service definition

Total Debt Service means the sum of (i) scheduled or other required payments of principal on Indebtedness, and (ii) Interest Expense, in each case for such period.

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Total Debt Service means, in relation to the Borrowers and their respective Subsidiaries on a Consolidated basis for any period, all interest expense which has accrued in accordance with GAAP (whether actually paid or not), for such period, and all payments of principal scheduled to be paid during such period, on all obligations for borrowed money, capitalized leases or similar types of obligations, except for the principal amounts outstanding under the Revolving Loans.

Total Debt Service means, for a Payment Date, an amount equal to the sum of (i) the Note Interest with respect to the Class A Notes plus the Note Interest with respect to the Class B Notes (in all cases, assuming a Non-Sequential Interest Amortization Period for such Payment Date) and (ii) the aggregate Scheduled Note Principal Payment for the Class A Notes and the Class B Notes, in each case for such Payment Date.

Examples of Total Debt Service in a sentence

• Permit, for any Test Period, the ratio of Total Adjusted EBITDA for such period to Total Debt Service for such period to be less than 1.50 to 1.00.

• For any fiscal period, Consolidated Total Debt Service with respect to Consolidated Unsecured Indebtedness only for such period.

• The Borrower will not permit, as at the end of any Reference Period, the ratio of (a) Consolidated Operating Cash Flow to (b) Consolidated Total Debt Service to be less than 1.25:1.00.

• The Borrowers will not permit, as at the end of any Reference Period, the ratio of (a) Consolidated Operating Cash Flow for such Reference Period to (b) Consolidated Total Debt Service for such Reference Period to be less than 1.20:1.00.

• As at the end of any fiscal quarter or other date of measurement, the Borrower shall not permit Consolidated Adjusted Net Income to be less than two (2) times Consolidated Total Debt Service, based on the results of the most recent two (2) complete fiscal quarters.

More Definitions of Total Debt Service

Total Debt Service means, as of the last day of each calendar ------------------ quarter, an amount equal to the sum of (i) all interest (whether accrued, paid or capitalized) actually payable by Borrower and/or the Guarantor on their respective Debt for the previous four (4) consecutive quarters, including the quarter then ended, plus (ii) scheduled payments of principal on such Debt, ---- whether or not paid by the Borrower and/or the Guarantor (excluding balloon or similar payments) for the previous four (4) consecutive quarters, including the quarter then ended.

Total Debt Service in respect of any Test Period, interest expense plus scheduled principal debt amortization for Kimco and the Consolidated Entities on the aggregate principal amount of their respective Indebtedness (provided that (a) there shall be excluded optional prepayments and balloon payments due at maturity, and (b) in the case of any Indebtedness that amortizes in annual installments, there shall be included in the aggregate 50% of the amount of such annual installments payable during such Test Period and 50% of the amount of such annual installments payable during the two immediately succeeding fiscal quarters), plus preferred stock dividends paid during such Test Period.

Total Debt Service means, for any Calculation Period, the aggregate amount of total debt service shown in the Borrower’s Financial Statements or in the current Financial Plan, as applicable, paid or payable by the Borrower in respect of the Senior Obligations, the Second Tier Junior Obligations (including the TIFIA Loan and the Other TIFIA Bonds) and any other debt obligations of the Borrower in the relevant Calculation Period.

Total Debt Service means on any date of determination for Borrower and its Subsidiaries on a consolidated basis, the sum of Total Cash Interest Expense for the 12-month period completed on the day before the date of determination plus required scheduled principal payments on Total Debt for the 12-month period completed on the day before the date of determination.

Total Debt Service means the sum of interest expense and scheduled payments of principal on all long-term debt, including payments on Capital Leases and payments on Subordinated Debt.

Total Debt Service. As defined in the Indenture.

Total Debt Service means, with respect to any particular period of time, scheduled payments of principal, if any, and interest under the Building Loan, the Project Loan and, if applicable, the Subordinate Financing.