Debt Service Amounts definition

Debt Service Amounts. Amounts payable under this Note, the Security Instrument or any other Loan Document.
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Debt Service Amounts shall have the meaning set forth in Section 14.01(a).
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Debt Service Amounts means the Monthly Debt Service Payments and all other amounts payable under the Loan Agreement, the Note, the Security Instrument or any other Loan Document.
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Examples of Debt Service Amounts in a sentence

  • Borrower has sufficient working capital, including proceeds from the Mortgage Loan, cash flow from the Mortgaged Property, or other sources, not only to adequately maintain the Mortgaged Property, but also to pay all of Borrower’s outstanding debts as they come due, including all Debt Service Amounts, exclusive of Borrower’s ability to refinance or pay in full the Mortgage Loan on the Maturity Date.

  • Cash and cash equivalents totaled $426,878 as at May 31, 2018 (2017 – $39,424).Cash used in operating activities during the year ended May 31, 2018 was $789,940 (2017 - $884,551).

  • Debt Service Amounts needed to pay principal and interest on or before each interest payment date and principal installment date on the bonds.

  • Each payment of Master Lease Basic Rent due under the Master Lease is sufficient to pay the Debt Service Amounts (including Monthly Debt Service Payments, Taxes, Impositions, and any Replacement Reserve Deposits) in full on or prior to the due date thereof (without giving effect to any applicable grace periods) currently and throughout the term of the Mortgage Loan.

  • Debt Service: Amounts remaining in the Debt Service Fund after the total outstanding bonded indebtedness for which the fund was levied is paid.

  • Borrower has sufficient working capital, including proceeds from the Mortgage Loan, cash flow from the Mortgaged Property including the Master Lease, or other sources, not only to adequately maintain the Mortgaged Property in accordance with the terms of the Loan Documents and the Master Lease, but also to pay all of Borrower’s outstanding debts as they come due, including all Debt Service Amounts, exclusive of Borrower’s ability to refinance or pay in full the Mortgage Loan on the Maturity Date.

  • Each payment due under the Seniors Housing Facility Lease is sufficient to pay the Debt Service Amounts (including Monthly Debt Service Payments, Taxes, Impositions, and any Replacement Reserve Deposits) in full on or prior to the due date thereof (without giving effect to any applicable grace periods) currently and throughout the term of the Mortgage Loan.

  • Operations Co acknowledges that the Authority may require Minor Works in accordance with Schedule 6 [Changes, Minor Works and Innovation Proposals] to the Project Agreement and agrees that it will be responsible to fulfill all obligations of and receive all payments (other than any portion of such payments related to Senior Debt Service Amounts) to Project Co thereunder in accordance with Schedule 6 [Changes, Minor Works and Innovation Proposals] to the Project Agreement and the Pass-Down Provisions.

  • Evaluation of Management ResponseAudit evidence was not provided to show how the balance was cleared.1.3 Variances on Debt Service Amounts FindingThe principal and interest payments reflected on the Treasury payment Schedule, Statement of Public Debt (SPD) and Public Finance Management System (PFMS) report as at December 31, 2015 were different.

  • Reconciliations are still in progress, so far the office has identified Treasury Bills amounting to $7 468 717 which are in the PDS and not on the issuance report.1.2 Variances on Debt Service Amounts FindingThe principal and interest payments reflected on the Treasury payment Schedule, Statement of Public Debt (SPD) and Public Finance Management System (PFMS) reports as at December 31, 2016 were different.


More Definitions of Debt Service Amounts

Debt Service Amounts means all cash disbursements required or permitted to be made by the Company for repayment of principal and payment of interest and all other amounts payable under or in respect of (i) the Financing Facilities or (ii) any other Indebtedness of the Company.
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Debt Service Amounts amounts payable under this Agreement, the Note, the Mortgage or any other Loan Document. Default Rate: a rate equal to the lesser of four (4) percentage points above the Interest Rate or the maximum interest rate that may be collected from Borrower under applicable law. Disbursement Date: the date of each disbursement of Loan proceeds hereunder. Guarantor: a person or entity, acceptable to Grantee, who gives to Grantee an Operating Deficit Guaranty and/or a Completion Guaranty. Guarantors may include the general partner of Xxxxxxxx’s limited partnership or the managing member of Borrower’s limited liability company, or other Affiliate of Borrower. Each Guarantor shall have an economic interest in Borrower or shall otherwise obtain a material financial benefit from the Gap Financing Loan. Identity of Interest: an identity of interest relationship exists if any officer, director, board member, or authorized agent of any project team member (consultant, general contractor, supplier, vendor, vendee, attorney, management agent, seller of the land, etc.): is also an officer, director, board member or authorized agent of any other project team member; has any Control over or any financial interest in any other project team member’s firm or corporation; is a business partner of an officer, director, board member, or authorized agent of any other project team member; has a family relationship through blood, marriage or adoption with an officer, director, board member, or authorized agent of any project team member; or advances any funds or items of value to the Borrower.
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Debt Service Amounts has the meaning given that term in Section 3.13(3) of this Agreement.
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Debt Service Amounts shall have the meaning, as applicable, (a) with respect to the ESA, as set forth in Section I(D) of Exhibit C ("Contract Capacity Charges and Consumption Charges") to the ESA, and (b) with respect to the Bazaar ESA, as set forth in Exhibit C ("Contract Capacity Charge") to the Bazaar ESA.
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Related to Debt Service Amounts

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

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

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

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

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • 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.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Debt Service Reserve Fund Requirement means, with respect to the 2023 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2023 Series B Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Debt Service Ratio means for any period the Modified Cash NOI for all consolidated and unconsolidated properties of the Operating Partnership based on its share (determined on a proportional ownership basis based upon the Operating Partnership’s ownership (direct or indirect) in each of its Subsidiaries and Joint Ventures) divided by Debt Service.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Pro Forma Debt Service means with respect to the Borrower and the Restricted Subsidiaries, on a consolidated basis, with respect to the next succeeding complete twelve (12) month period following the calculation date, and after giving effect to any Interest Rate Hedge Agreements and Eurodollar Advances, the amount of all (i) scheduled payments of principal on Indebtedness for Money Borrowed for such period (including imputed principal payments with respect to Capitalized Lease Obligations), determined on the basis of the aggregate amount of Indebtedness for Money Borrowed outstanding as of the date of calculation and giving effect to any mandatory reductions in the Commitments and the operation of the other terms of this Agreement (or other instruments or agreements governing Indebtedness for Money Borrowed) during such next succeeding twelve (12) month period, (ii) cash interest payable (including imputed interest with respect to Capitalized Lease Obligations) with respect to Indebtedness for Money Borrowed of such Persons, (iii) fees payable under this Agreement and the other Loan Documents (but specifically excluding fees paid during previous periods but amortized during such period in accordance with GAAP), and (iv) other payments (including fees) payable by such Persons during such period in respect of Indebtedness for Money Borrowed (other than voluntary prepayments under Section 2.7 hereof). For purposes of this definition, where interest payments for the twelve (12) month period immediately succeeding the calculation date are not fixed by way of Interest Rate Hedge Agreements, Eurodollar Advances, or otherwise for the entire period, interest shall be calculated on such Indebtedness for Money Borrowed for periods for which interest payments are not so fixed at the Eurodollar Basis (as determined on the date of calculation and based on the then current adjustment under Section 2.3(f) hereof) for a Eurodollar Advance having an Interest Period of twelve (12) months; provided, however, that if such Eurodollar Basis cannot be determined in the reasonable opinion of the Administrative Agent, such interest shall be calculated using the Base Rate Basis as then in effect.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Consolidated Debt Service means, for any relevant period, the sum (without double counting), determined in accordance with GAAP, of:

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.