Debt Service Requirement definition

Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

Debt Service Requirement means the Annual Requirement component required to be paid by the WCID to GBRA during an Annual Payment Period and which relates to Debt Service Costs.

Debt Service Requirement means, as of any date of calculation with respect to the Bonds, the sum of (i) all interest due or to become due on such date on all Outstanding Bonds plus (ii) all Principal Installments due or to become due on such date on all Outstanding Bonds or, if no Principal Installment is due and payable on such date on any Outstanding Bonds, one- half of the Principal Installments, if any, due and payable on all Outstanding Bonds on the next succeeding Interest Payment Date.

Examples of Debt Service Requirement in a sentence

• Interim Indebtedness may be deemed to be Indebtedness which, at the date of its original incurrence, would meet the conditions specified in the statement of the Consultant as required in Section 902; provided that the Consultant shall for each annual period that the Debt Service Requirement is computed, provide a supplemental statement that at such period, the certifications contained in the statement are reasonable.

• Each Balloon Payment shall be assumed to be paid according to its Balloon Debt Service Requirement.

• GBRA shall promptly render monthly bills to the WCID for any portion of the Debt Service Requirement that becomes due and payable during the monthly period pursuant to the terms of the applicable bond resolution.

• The annual installments shall be assumed to be due on the first day of each Fiscal Year, with the first installment due at least six months after the date on which the Estimated Debt Service Requirement is calculated.

• To provide that balloon obligations will be treated as if they were refinanced with long-term obligations for purposes of calculating the SLB Debt Service Requirement and making certain deposits to the SLB Fund.

More Definitions of Debt Service Requirement

Debt Service Requirement means the total principal and interest coming due, whether at maturity or upon mandatory redemption (less any amount of interest that is capitalized and payable with the proceeds of debt on deposit with the Authority or the Trustee), in any specified period, provided:

Debt Service Requirement means for any Bond Year, the aggregate of

Debt Service Requirement. The dollar amount of principal and/or interest due to the Bondholders on the next scheduled Payment Date.

Debt Service Requirement. Except as otherwise provided in the related Series Supplement, with respect to a particular Payment Date for a Series, the Available Funds.

Debt Service Requirement means, as of any date of calculation with respect to the Bonds, the sum of (i) all interest due or to become due on such date on all Outstanding Series A Bonds and Series B Bonds plus (ii) all Principal Installments due or to become due on such date on all Outstanding Series A Bonds and Series B Bonds or, if no Principal Installment is due and payable on such date on any Outstanding Series A Bonds and Series B Bonds, one-half of the Principal Installments, if any, due and payable on all Outstanding Series A Bonds and Series B Bonds on the next succeeding Interest Payment Date.

Debt Service Requirement means the total principal, Maturity Amounts and interest coming due, whether at maturity or upon mandatory redemption (less any amount of interest that is capitalized and payable with the proceeds of debt on deposit with the Municipality or PES or any paying agent for the Bonds or other obligations of the Municipality or PES payable from all or some portion of Gross Earnings), for any period of 12 consecutive calendar months for which such a determination is made, provided:

Debt Service Requirement means, for any period of twelve consecutive months for which such determination is made, the aggregate of the amounts required to be deposited, as the case may be in the Bond Fund, the Parity Debt Service Fund and the Subordinate Debt Service Fund during this period with respect to any Bonds, Parity Indebtedness or Subordinate Indebtedness; provided, however, that: