Assumed Debt Service. Interest expense incurred plus regularly scheduled amortization payments calculated based upon the amount outstanding under the Facility (including Letter of Credit exposure) with debt service calculated based upon 30-year mortgage-style amortization and interest calculated at the greater of: (a) the actual interest rate then in effect; (b) the 10-year Treasury then in effect plus 275 bps; and (c) 7.00%.
Assumed Debt Service. With respect to all unsecured Indebtedness of any Person for any period, the greater of (i) debt service on the actual principal amount outstanding on such unsecured Indebtedness on the last day of such fiscal quarter at the rates of interest then in effect, or (ii) the aggregate payment of principal and interest that would be due on such actual outstanding amount of unsecured Indebtedness for such quarter assuming a ten-year Treasury Rate plus 175 basis points and a twenty-five year amortization schedule. Balance Sheet Date. December 31, 2001. Bankruptcy Code. Title 11 of the United States Code, 11 U.S.C. §§ 1101 et seq., as the same may be amended from time to time.
Assumed Debt Service. The proviso at the end of the definition of the term “Assumed Debt Service” in Section 1.1 of the Loan Agreement is deleted.
Assumed Debt Service. For any period, the aggregate installments of principal and interest that would be required for the Loan, calculated based upon a thirty (30) year amortization schedule and an assumed per annum interest rate of six and one-half percent (6.50%).
Assumed Debt Service. On a per annum basis, the product obtained by multiplying the Loan Amount by the higher of (A) seven and one-half percent (7.5%) per annum; and (B)(i) if the Interest Rate Protection Product in effect as of the last day of the applicable Calculation Period is an interest rate cap, the sum of the strike price under such cap plus the LIBOR Rate Added Percentage or (ii) if the Interest Rate Protection Product in effect as of the last day of the applicable Calculation Period is an interest rate swap, the swapped rate plus the LIBOR Rate Added Percentage. (If Borrower utilizes a method of interest rate hedging as to which neither clause of subparagraph (B) is applicable, Agent shall calculate an interest rate for clause (B) which Agent determines in its reasonable discretion is the nearest equivalent.)
Assumed Debt Service. On a per annum basis, the product obtained by multiplying the outstanding principal balance of the Loan as of the Calculation Date by the loan constant derived by applying a thirty (30) year amortization schedule to the outstanding principal balance of the Loan using an interest rate equal to the yield per annum as of the date of such calculation of the greater of (x) eight percent (8%) per annum, or (y) the “on the run” U.S. Government T-Notes maturing approximately ten (10) years after the Calculation Date (determined in good faith by Lender), plus two and one-half percent (2.50%) per annum, or (z) the actual rate of interest payable with respect to the Loan.
