Examples of Construction Debt in a sentence
The term of this Agreement commences on Start Date and ends on Expiry Date unless terminated by either party in writing prior to the end date.
As part of the agreement, the Construction Debt and Operating Debt are to be repaid out of the Company’s share of the Ramu Mine’s operating surpluses (sales revenue less operating costs and ongoing capital expenditure).
Seltzer’s calculation of Construction Debt Service is based on the interest rate calculated above and an average MMRB loan balance of 57% during the construction period.
In addition to formula aid for PreK-12 education, $522.5 million is recommended for debt service on School Construction Bonds issued by the New Jersey Economic Development Authority, $67.4 million is recommended in School Building Aid to school districts, and $57.4 million is recommended for School Construction Debt Service Aid to school districts.
Additionally, when the Company has repaid the Operating and Construction Debt, the Company will have the option to purchase an additional 9.25% interest in the Ramu Mine at market value, which if exercised would take the Company’s interest to 20.55%.
School Construction Debt Service Stabilization Funds With the construction of three new elementary schools in a relatively short period of time, the Town was concerned about the effect of a spike in property taxes as the bonds for the third school (Willard) began to be issued in FY10.
There shall be filed any claim of lien (other than liens associated with the VHDA Permanent Debt or the CONA Interim Construction Debt) against the Property of any part thereof, or any interest or right made appurtenant thereto, and the continued maintenance of said claim of lien or notice to withhold for a period of twenty (20) days without discharge or satisfaction thereof or provision therefor satisfactory to the County Board.
Road Construction Debt – Debt Service Fund – used to account for and report financial resources that are restricted, committed, or assigned to expenditures for the payment of general long-term debt principal, interest, and related costs of the City’s General Obligation Debt Certificates, Series 2011A and 2012.
The borrowings, under the Construction Debt, bear an interest rate of 5.05% annually.
All other quarterly charges for “Multiple Unit Service Sites” including but not limited to the Construction Debt Service Fee, the Lagoon Leaseback Payment Fee, the Judgment Debt Service Fee, and the Debt Service Reserve Fee will not be discounted.