Unsecured Debt Service means, for a given period, Debt Service for such period, with respect to Unsecured Indebtedness of the Borrower and its Subsidiaries.
Unsecured Debt Service means, for any date of calculation and for any Measurement Period ending on or next preceding such date, actual interest and principal paid on Unsecured Debt during such Measurement Period.
Unsecured Debt Service means, for a given period, Debt Service for such period with respect to Unsecured Indebtedness of the Borrower and its Subsidiaries.
Examples of Unsecured Debt Service in a sentence
As of the last day of each calendar quarter and as of the date of any sale or secured financing of any Unencumbered Asset Pool Property, the ratio of (i) Unencumbered Asset Pool Net Operating Cash Flow to (ii) Unsecured Debt Service will not be less than 1.75:1.0.
More Definitions of Unsecured Debt Service
Unsecured Debt Service means, for any calendar quarter, the interest actually payable (or accrued) on the Loans and all other Unsecured Debt.
Unsecured Debt Service means, as of any date of determination, implied annual debt service, including all interest and all scheduled principal amortization payments, accrued, whether or not payable or paid, with respect to that portion of Consolidated Total Indebtedness attributable to Unsecured Indebtedness utilizing the higher of (a) the actual interest rate or (b) 5.50%.
Unsecured Debt Service means, at any time of determination, the Interest Expense (without giving effect to clause (b) of the definition thereof) in respect of all Reference Debt (including all Loans hereunder) for the two consecutive fiscal quarter period most recently ended.
Unsecured Debt Service means, for a given period, Debt Service for such period with respect to Unsecured Indebtedness any Debt of the Borrower andor its Subsidiaries which is not Secured Debt (as such terms are defined in the definition of “Amendment Period Incurrence Conditions”).
Unsecured Debt Service means, as of any date, an imputed annual amount of interest that would be due on the outstanding amount of Unsecured Indebtedness as of the last day of the most recent fiscal quarter of Borrower for which financial results have been reported calculated at the interest rate applicable to such Unsecured Indebtedness as of such last day (using the LIBOR Rate and LIBOR Applicable Margin in effect on such last day for purposes of calculating interest on the Facility Outstandings).
Unsecured Debt Service means, for a given period, all Fixed Charges of the Borrower and its Subsidiaries for such period payable in respect of any Unsecured Indebtedness.