Debt Service definition

Debt Service means, with respect to any particular period of time, scheduled principal and/or interest payments under the Note.

Debt Service means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period, plus scheduled principal amortization of Consolidated Debt for such period.

Debt Service means, for any period, the sum of: (a) Interest Expense of the Borrower and its Subsidiaries determined on a consolidated basis for such period and (b) all regularly scheduled principal payments made with respect to Indebtedness of the Borrower and its Subsidiaries during such period, other than any balloon, bullet or similar principal payment which repays such Indebtedness in full.

Examples of Debt Service in a sentence

• The Borrower shall not permit the ratio of Consolidated Adjusted Net Income for the period of four (4) fiscal quarters then ended to Consolidated Debt Service for such period to be less than 1.50 to 1.0.

• Current Revenues in the 2019 Debt Service Account shall be invested without regard to yield so long as the City complies with this section.

• The 2019 Debt Service Account will be used primarily to achieve a proper matching of revenues and debt service within each year; a matching of revenues means that revenue and debt service come in and go out at approximately the same level and the 2019 Debt Service Account is cleared out to a very low balance at least one time during the year.

• OK Transfer to Debt Service to Pay Interest on Capital Leases (Fund 30 - Acct 7500 - Cell E40) must equal (Funds 10, 20 & 60 - Acct 8500 - Cells C61:H64).

• OK Transfer to Debt Service Fund to Pay Principal on Revenue Bonds (Fund 30 - Acct 7600 - Cell E41) must equal (Funds 10 & 20 - Acct 8600 - Cells C65:D68).

More Definitions of Debt Service

Debt Service means, with respect to any particular period of time, scheduled interest payments under the Note.

Debt Service means, for any period, the aggregate of all principal, interest payments, Default Rate interest, Late Charges and other amounts that accrue or are due and payable in accordance with the Loan Documents during such period.

Debt Service means the sum of all payments on account of principal, interest, financing fees and charges due and payable in an Accounting Year to the Senior Lenders under the Financing Agreements;

Debt Service means, in respect of any Relevant Period, the aggregate of:

Debt Service means, for any period, Cash Interest Expense for such period plus scheduled principal amortization of all Indebtedness for such period.

Debt Service means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period plus scheduled principal amortization of Consolidated Debt for such period.

Debt Service means, as of any particular date of computation, and with respect to any period, the amount to be paid or set aside as of such date or such period for the payment of the principal of or interest on the Bonds.