Airport Debt Service Requirement Sample Clauses

Airport Debt Service Requirement. For any Fiscal Year, shall mean an amount equal to 125 percent of the amount required by the Bond Resolution to be paid in such Fiscal Year into the Interest, Principal and Sinking Fund Accounts of the Bond Fund; plus 100 percent of any required deposits to the Reserve Account in such Fiscal Year.
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Airport Debt Service Requirement. E. Airline agrees to pay during each Fiscal Year the greater of rentals, fees and charges as calculated pursuant to Section 8.1(D) or the minimum for rentals, fees and charges calculated in accordance with the format of Exhibit E, which minimum rates shall be based upon the principal and interest payments on debt allocable to the space or landing facilities used to calculate said rates at the time in question.

Related to Airport Debt Service Requirement

  • Maintenance Requirements The Contractor shall ensure and procure that at all times during the Maintenance Period, the Project Highway conforms to the maintenance requirements set forth in Schedule-E (the “Maintenance Requirements”).

  • Performance Requirements 1. Neither Party may impose or enforce any of the following requirements, or enforce any commitment or undertaking, in connection with the establishment, acquisition, expansion, management, conduct or operation of an investment of an investor of a Party or of a non-Party in its territory:

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Service Requirements Grantee shall:

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Debt Service Reserve Reserved.

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

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