Common use of Assumed Debt Service Clause in Contracts

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. 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 3025-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 275 150 bps; and (c) 7.006.00%.

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) Loan with debt service calculated based upon 30a 25-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 275 150 bps; and (c) 7.006.00%.