Actual Debt Service definition

Actual Debt Service means for any period, without duplication, the sum of (a) Consolidated Interest Expense, plus (b) subject to Section 1.4, the aggregate amount of all principal and other payments due during such period with respect to Indebtedness of the Combined Parties (excluding, however, any principal "balloon payments" paid or payable by any member of the Consolidated Group during such period), plus (c) cash dividends paid on any preferred stock of the Borrower.
Actual Debt Service means the monthly debt service for the Loan multiplied by twelve (12).
Actual Debt Service means all interest and principal required to have been paid on Consolidated Liabilities for any period, excluding any final payment of principal which exceeds the periodic payments of principal on such debt.

Examples of Actual Debt Service in a sentence

  • Actual Debt Service payment amounts will be per the Final Amortization Schedule in the Lease Agreement between Client and Lessor.

  • Debt as a per cent of GDP1 Actual Debt Service Ratio2Countries1981 1.

  • This was important to his rejection of the Crown’s theory regarding why the four officers had all incorrectly stated that Dziekanski had to be “wrestled” or “taken” to the ground (i.e. the Crown’s collusion argument):[217] With respect to the indisputably common error about the “take down” I think it would be unsafe on all the evidence to infer that Mr. Bentley made that statement knowing it to be untrue.

  • Review the communication with the national staffThe achievement of these objectives allows a full understanding of the process of IRFFG implementation in Haiti, and any possible lessons that can be learned from this experience.

  • I have some very important information to discuss with you in reference to a file that has been forwarded to my office that involves you personally.


More Definitions of Actual Debt Service

Actual Debt Service means the amount of principal and/or interest payments due pursuant to the Loan Documents during the applicable test period.
Actual Debt Service means during each Fiscal Year (prorated for ------------------- portions thereof) (a) during the term of the Term Loan, the total annual payments of principal and interest under the Loan Agreement as set forth on Exhibit "C" attached hereto, and (b) during the term of any loan obtained by Owner to finance the Refinanced Principal Amount, the lesser of (i) an amount equal to 10.5% times the Refinanced Principal Amount per Fiscal Year plus amortization of principal in the Fiscal Year on the Refinanced Principal Amount pursuant to a 25 year amortization schedule; or (ii) the actual interest paid or accrued in that Fiscal Year (provided that the rate is a commercially reasonable market interest rate), plus the actual amortization of principal in that Fiscal Year (provided that the amortization rate is a commercially reasonable market rate) on the Refinanced Principal Amount; provided, however, that upon the Termination of this Agreement with respect to a given Inn or Inns (whether in connection with the Sale of the Inn or Inns, or pursuant to other applicable provisions of this Agreement), the Actual Debt Service shall, notwithstanding anything to the contrary in the Loan Agreement or any document related thereto, be reduced by the applicable percentage attributable to such Inn or Inns, as set forth on Exhibit "B" hereto.
Actual Debt Service means, for any period, aggregate debt service on all Total Funded Indebtedness (exclusive of balloon, bullet or similar payments at maturity), including Total Scheduled Amortization and Total Interest Expense.
Actual Debt Service means for any period, without duplication, the sum of (a) the aggregate amount of interest which, in conformity with GAAP, would be set opposite the caption "interest expense" or any like caption on an income statement for the Company and consolidated Subsidiaries, whether expensed directly, or included as a component of cost of goods sold, or allocated to joint ventures, or otherwise (including without limitation imputed interest on Capitalized Lease Obligations, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing, the net costs associated with Rate Hedging Obligations, amortization of other financing fees and expenses, the interest portion of any deferred payment obligation, amortization of discount or premiums, in any, and all non-cash interest expense other than interest and other charges amortized to cost of sales), plus (b) the aggregate amount of all principal and other payments due during such period with respect to Indebtedness of the Company or any of its consolidated Subsidiaries (excluding, however, any principal "balloon payments" paid or payable by the Company or any consolidated Subsidiaries during such period), plus (c) cash dividends paid on any preferred stock of the Company.
Actual Debt Service means with respect to any particular period of time, principal (if applicable) and interest payments made under the Notes and this Agreement for such period.
Actual Debt Service means the lesser of (i) an amount equal to ------------------- eleven and one-half percent (11 1/2%) of the Refinanced Principal Amount per Fiscal Year plus amortization of principal in that Fiscal Year on the Refinanced Principal Amount pursuant to a 25 year amortization schedule; or (ii) the actual interest paid or accrued in that Fiscal Year (provided that the rate is a commercially reasonable market interest rate), plus the actual amortization of principal in that Fiscal Year (provided that the amortization rate is a commercially reasonable market rate), on the Refinanced Principal Amount.
Actual Debt Service means, for any applicable period, scheduled distributions on the Low Floater Certificates plus Surety Bond Premium, all amounts due and owing under the Liquidity Agreement including interest on Advances, Tender Agent fees, Certificate Trust Agent fees, Registered Trustee fees, Certificate Trustee fees, Administrative Agent fees, Servicer fees, Managers fees, and all other financing costs payable during such period by Charter, the Origination Trust, the Owner Trust or the Certificate Issuer pursuant to any Transaction Document.