Examples of Notes Debt in a sentence
Result Points Possible Points Earned 50 30 0 0 Measure 2d Debt Service Coverage Ratio Notes Debt Service Coverage Ratio: (Net Income + Depreciation + Interest Expense)/(Annual Principal, Interest, and Lease Payments) Meets Standard: Debt Service Coverage Ratio is equal to or exceeds 1.1 Does Not Meet: Debt Service Coverage Ratio is less than 1.1 Due to the Reinstatement of Pension Liability, as required by GASB 68, Net Position may be higher than expected.
Except if otherwise provided in this Agreement, all Security created pursuant to any Secured Finance Document will be provided with first priority in respect of Secured Debt (pari passu between the Notes Debt, any New Debt and the Hedging Debt), subject to Clause 3.1 (Ranking of Secured Debt) and the other terms of this Agreement.
Unless expressly provided to the contrary in this Agreement, the Secured Debt shall rank pari passu in priority between the Notes Debt, any Hedging Debt and any New Debt.
However, if during the first two years from the Effective Date, the Company has repaid at least 50% of the Deferred Series B Notes Debt, then the balance of the Principal of the Series B Notes as it shall be at the end of the first two years after the Effective Date will be automatically delayed by one additional year and payable in 3 equal annual installments on July 1 of each of the years 2017 to 2019, inclusive.