Annual Service Charge definition

Annual Service Charge for any period means the aggregate interest expense for such period in respect of, and the amortization during such period of any original issue discount of, Indebtedness of the Issuer and its Subsidiaries.

Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Issuer and its Subsidiaries.

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Company and its Subsidiaries and the amount of dividends which are payable in respect of any Disqualified Stock.

Examples of Annual Service Charge in a sentence

• Pursuant to Section 9.08, upon the sale of any Unit, the Entity shall be relieved and discharged from any obligation or liability with respect to such Unit, including payment of the Annual Service Charge with respect to such Unit.

• The Entity shall make payments for municipal services, including water and sewer charges and any services that create a lien on a parity with or superior to the lien for the Land Taxes (but only if the Project Area is determined not to be exempt pursuant to the Long Term Tax Exemption Law) and the Annual Service Charge, as required by law.

• The Township’s customary tax payment enforcement proceedings will apply to the collection of any delinquent payment of the Annual Service Charge or Redeveloper Payments.

• In making his determination with respect to the amount of the new Base Annual Service Charge, the Expert will have regards to the provisions of this Agreement and the reasonable costs to QR Network of meeting it obligations under the Agreement.

• The Parties understand and agree that the Township's ordinary discretion in this regard allows it to decide not to expend resources to collect de minimis outstanding amounts; provided that the Township will obtain the Trustee’s consent with respect to any such amounts in excess of $1,000 in the event the collection of the Annual Service Charge or Redeveloper Payments falls below ninety percent (90%) of the amount assessed and billed in any given quarter.

More Definitions of Annual Service Charge

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Parent Guarantor and its Subsidiaries and the amount of dividends which are payable in respect of any Disqualified Stock.

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Company and its Subsidiaries.

Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt.

Annual Service Charge for any period means the aggregate interest expense for such period in respect of, and the amortization during such period of any original issue discount of, Indebtedness of the Operating Partnership and its Subsidiaries and the amount of dividends which are payable during such period in respect of any Disqualified Stock.

Annual Service Charge as of any date means the amount which is expensed or capitalized in the immediately preceding four fiscal quarter periods for interest on Indebtedness, excluding amounts relating to the amortization of deferred financing costs.

Annual Service Charge for any period means the maximum amount which is payable during such period for interest on, and the amortization during such period of any original issue discount of, Debt of the Company and its Subsidiaries and the amount of dividends which are payable during such period in respect of any Disqualified Stock.

Annual Service Charge as of any date means the aggregate amount of any interest (other than amortization of deferred financing costs) expenses for the four consecutive fiscal quarters most recently ended prior to such date, as determined in accordance with GAAP.