Debt Service Charge definition

Debt Service Charge as of any date means the amount which is payable in any fiscal period for interest on, and original issue discount of, Debt of any member of the Group and the amount of dividends which are payable in respect of any Disqualified Stock.

Debt Service Charge means charges levied to customers of the wastewater system, which charges are used to pay principal, interest and administrative costs of retiring the debt incurred for construction of the wastewater system. The debt service charge shall be in addition to the user charge specified above.

Debt Service Charge means the amount to be paid each billing period for payment of interest, principal, and coverage of outstanding debt (loan, bond, etc.) and shall be computed by dividing the annual debt service by the number of users connected to the wastewater facilities.

Examples of Debt Service Charge in a sentence

• For prior or subsequent Bonds issued to finance Capital Costs at the request of or for the benefit of the Connected Municipalities or, if applicable, other parties using the Treatment Plant, pursuant to Section 4.04, the payment of the Debt Service Charge shall commence upon issuance of the Bonds, or at such other time as may be required to assure the timely payment of debt service due on the Bonds.

• The RATES currently charged by MONROE to PETERSBURG for supplying potable water are at the same rate as customers located within the corporate boundaries of MONROE, a multiplier of 1X: Currently $2.00 per CCF Commodity Charge, $0.16 / CCF SCBS Re-pumping Charge, $8.00 / Meter Read Administration Charge, and $240.38 / Meter Read Debt Service Charge.

More Definitions of Debt Service Charge

Debt Service Charge means that charge to the users in the Village service area which shall defray the costs of retiring the debts incurred by the Village in the construction of the sewerage system plus the existing debts on the Village sewerage system.

Debt Service Charge means a charge to users of the wastewater treatment facility for the purpose of repaying capital costs.

Debt Service Charge means the District's annual budgeted debt service obligation (as reduced by impact and equity buy-in fees) divided by the total number of residential and commercial units, including the total number of ready to serve units.

Debt Service Charge for any period means the maximum amount which is payable during such period for interest on, and 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.

Debt Service Charge means a charge levied on users of a sewage treatment plant for the cost of repaying money borrowed to construct said plant.

Debt Service Charge means that charge to the users which shall, in whole or in part, defray the costs of retiring the debts incurred in the construction of any wastewater facilities used by the City of Ladysmith.

Debt Service Charge means the annual payment of principal and interest for the retirement of debt issued to finance the cost of capital improvements to the Sewerage System. This shall include the administrative costs associated with the debt retirement.