Taxable Bonds with Level Debt Service Sample Clauses

Taxable Bonds with Level Debt Service. Appendix 1 - Attachment A Pro Forma Financial Net Debt Service Cash Flow Ending Dec. 31 2014A 2014B 2015A 2015B 2018A 2018B Debt Service Total Debt Service: Total Savings: 2020 New Money AULI 2020 New Money Total Refunding Estimated New (A)-(B) Total Total Total Total Total Total Total 2020 Refunding 2020 Refunding Debt Service (2) Savings + Refunding DS Savings Aggregate DS Cash Flow Savings 2021 2,789,469 320,150 1,459,238 193,375 204,375 190,000 5,156,606 3,224,420 1,217,661 279,616 32,328 3,504,036 1,249,990 4,186,232 970,374 2022 2,793,344 320,088 1,462,363 192,500 204,375 200,000 5,172,669 3,219,023 1,229,183 277,418 34,088 3,496,441 1,263,271 4,186,816 985,853 2023 2,793,969 319,800 1,463,738 191,375 204,375 210,000 5,183,256 3,218,001 1,231,080 280,153 30,412 3,498,154 1,261,492 4,201,917 981,340 2024 2,786,469 324,175 1,458,488 190,000 204,375 220,000 5,183,506 3,220,999 1,213,957 277,799 31,714 3,498,799 1,245,671 4,215,635 967,871 2025 2,790,594 323,213 1,461,488 193,250 204,375 230,000 5,202,919 3,222,425 1,222,906 280,311 32,988 3,502,737 1,255,894 4,227,336 975,582 2026 2,786,094 322,025 1,462,488 191,125 204,375 240,000 5,206,106 3,222,340 1,217,366 277,695 34,219 3,500,035 1,251,585 4,232,216 973,890 2027 2,787,844 320,613 1,466,363 193,625 204,375 250,000 5,222,819 3,221,234 1,226,598 279,993 35,344 3,501,227 1,261,941 4,240,871 981,948 2028 2,790,469 323,863 1,458,238 190,750 204,375 260,000 5,227,694 3,218,470 1,220,986 277,151 31,488 3,495,621 1,252,475 4,252,370 975,324 2029 2,783,969 321,775 1,462,988 192,500 336,000 5,097,231 3,218,951 1,220,505 279,164 32,648 3,498,116 1,253,153 4,123,243 973,989 2030 2,788,094 324,350 1,460,363 193,750 339,000 5,105,556 3,223,135 1,219,071 276,086 33,692 3,499,221 1,252,763 4,128,880 976,676 2031 2,787,469 321,588 1,465,238 189,625 336,625 5,100,544 3,221,701 1,220,630 277,553 30,640 3,499,254 1,251,270 4,126,826 973,718 2032 2,782,969 323,488 1,461,644 338,875 4,906,975 3,219,559 1,025,054 278,487 33,438 3,498,046 1,058,492 4,126,970 780,005 2033 2,790,169 320,050 1,460,000 335,750 4,905,969 3,220,773 1,029,396 279,249 31,122 3,500,021 1,060,518 4,124,699 781,270 2034 2,788,869 321,275 1,461,338 337,250 4,908,731 3,220,257 1,029,950 279,837 33,692 3,500,094 1,063,642 4,124,927 783,805 2035 2,779,269 322,050 1,460,550 338,250 4,900,119 3,218,011 1,021,808 280,253 31,148 3,498,263 1,052,956 4,127,415 772,704 2036 2,781,169 322,375 1,457,638 338,750 4,899,931 3,218,948 1,019,858 280,495 33,490 3,499,...
Sample 1
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Taxable Bonds with Level Debt Service. Appendix 1 - Attachment A Pro Forma Financial Net Debt Service Cash Flow Total Total Total Total Total Total Total 2020 Refunding 2020 Refunding Debt Service (2) Savings + Refunding DS Savings Aggregate DS Cash Flow Savings 2021 2,789,469 320,150 1,459,238 193,375 204,375 190,000 5,156,606 3,224,420 1,217,661 279,616 32,328 3,504,036 1,249,990 4,186,232 970,374 2022 2,793,344 320,088 1,462,363 192,500 204,375 200,000 5,172,669 3,219,023 1,229,183 277,418 34,088 3,496,441 1,263,271 4,186,816 985,853 2023 2,793,969 319,800 1,463,738 191,375 204,375 210,000 5,183,256 3,218,001 1,231,080 280,153 30,412 3,498,154 1,261,492 4,201,917 981,340 2024 2,786,469 324,175 1,458,488 190,000 204,375 220,000 5,183,506 3,220,999 1,213,957 277,799 31,714 3,498,799 1,245,671 4,215,635 967,871 2025 2,790,594 323,213 1,461,488 193,250 204,375 230,000 5,202,919 3,222,425 1,222,906 280,311 32,988 3,502,737 1,255,894 4,227,336 975,582 2026 2,786,094 322,025 1,462,488 191,125 204,375 240,000 5,206,106 3,222,340 1,217,366 277,695 34,219 3,500,035 1,251,585 4,232,216 973,890 2027 2,787,844 320,613 1,466,363 193,625 204,375 250,000 5,222,819 3,221,234 1,226,598 279,993 35,344 3,501,227 1,261,941 4,240,871 981,948 2028 2,790,469 323,863 1,458,238 190,750 204,375 260,000 5,227,694 3,218,470 1,220,986 277,151 31,488 3,495,621 1,252,475 4,252,370 975,324 2029 2,783,969 321,775 1,462,988 192,500 336,000 5,097,231 3,218,951 1,220,505 279,164 32,648 3,498,116 1,253,153 4,123,243 973,989 2030 2,788,094 324,350 1,460,363 193,750 339,000 5,105,556 3,223,135 1,219,071 276,086 33,692 3,499,221 1,252,763 4,128,880 976,676 2031 2,787,469 321,588 1,465,238 189,625 336,625 5,100,544 3,221,701 1,220,630 277,553 30,640 3,499,254 1,251,270 4,126,826 973,718 2032 2,782,969 323,488 1,461,644 338,875 4,906,975 3,219,559 1,025,054 278,487 33,438 3,498,046 1,058,492 4,126,970 780,005 2033 2,790,169 320,050 1,460,000 335,750 4,905,969 3,220,773 1,029,396 279,249 31,122 3,500,021 1,060,518 4,124,699 781,270 2034 2,788,869 321,275 1,461,338 337,250 4,908,731 3,220,257 1,029,950 279,837 33,692 3,500,094 1,063,642 4,124,927 783,805 2035 2,779,269 322,050 1,460,550 338,250 4,900,119 3,218,011 1,021,808 280,253 31,148 3,498,263 1,052,956 4,127,415 772,704 2036 2,781,169 322,375 1,457,638 338,750 4,899,931 3,218,948 1,019,858 280,495 33,490 3,499,443 1,053,348 4,127,078 772,853 2037 1,156,859 322,250 444,125 333,875 2,257,109 3,222,896 (1,621,912) 275,651 30,718 3,498,547 (1,591,194) 4,123,954 (1,866,845) 2038 1,157...
Sample 1
Taxable Bonds with Level Debt Service. Appendix 1 - Attachment A Pro Forma Financial Net Debt Service Cash Flow (1) 2020 Refunding Bonds assumed to be dated and delivered on Sept. 1, 2020. Last prior bond interest payment is due on July 1, 2020. Proposed refinancing assumes that the 2020 Refunding includes accrued interest from Sept. 1, 2020 until April 1, 2021 principal payment. (2) $5.5 million Rate Stabilization Fund. Appendix 1, Attachment B Pennichuck Water Works, Inc. BOD Approval Appendix 1, Attachment C Pennichuck Corporation BOD Approval From: Xxxxx Xxx-Xxxxxxx <xxxxxxx@xxxxx.xxx> To: Xxxxxxx, Xxxxx <xxxxx.xxxxxxx@XXXXXXXXXX.xxx> This email is to confirm that on May 18th, 2020 the BFA board of directors unanimously approved the issuance of up to $75,000,000 in bonds for Pennichuck. As always, final issuance is contingent on approval by the NH Governor and Council (G&C). The G&C meeting to provide final approval for this bond issuance is on June 24th, 2020 at 10am, and we anticipate an approval. The G&C has always been supportive of the BFA’s bond issuances, especially for Pennichuck. Feel free to reach out if you need any additional information and I’d be happy to provide it. Regards, Xxxxx Xxx-Xxxxxxx Executive Director NH Business Finance Authority 0 Xxxxxxxxx Xxxxxx, Xxxxx 000 Concord, NH 03301 000-000-0000 LDG Exibit 2 Approved Revenue Requirement (ARR) Note 1 Appendix 2, Attachment A PWW Ratemaking Structure Flowchart CBFRR − City Bond Fixed Revenue Requirement CBFRR − RSF MOERR - RSF No stabilization fund DSRR - RSF No Stabilization Fund See Flowchart A (Attached) See Flowchart B (Attached) See Flowchart C (Attached) See Flowchart D (Attached) See Flowchart E (Attached) No the CBFRR Bank Account to make the payments Yes No No the MOERR Bank Account to make the payments Yes No the Main Operating Bank Account to make the payments Yes No Payment made out of the Main Operating Bank Account Monthly Actual DSRR 1.0 Revenues are Greater than 1/12 of the DSRR 1.0 ARR No Compare 1/12 of DSRR
Sample 1

Related to Taxable Bonds with Level Debt Service

  • 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.

  • Debt Service Reserve On or before July 1, 2011, a portion of the unused Term Revolving Loan Commitment (in an amount equal to three monthly payments of principal and interest due under the Term Loan) shall be restricted for use as set forth in this Section 2.22, which amount may vary from time to time due to changes in monthly principal and interest payments due on the Term Loan, but shall at no time be less than the next three monthly payments of principal and interest due on the Term Loan (the “Required Debt Service Reserve Amount”). If at any time during the term of this Agreement, the amount of the Term Revolving Loan Commitment restricted for use as the Required Debt Service Reserve Amount is less than the next three monthly payments of principal and interest due under the Term Loan, the Borrowers shall: (A) no later than five (5) Business Days after such non-compliance occurs, prepay the Term Revolving Loan in an amount equal to the amount by which the sum of the Required Debt Service Reserve Amount and all outstanding Term Revolving Loan Advances exceed the Term Revolving Loan Commitment, (B) during the period Borrower has not fulfilled (A) above, make no Distributions, including Distributions or payments otherwise permitted under Sections 5.02(b), 5.02(k) or 5.02(l), and (C) make no other payments to its Affiliates, including accounts payable or other amounts. As and when any Obligation is past due, after any applicable grace or cure periods have expired, the Agent in its sole discretion, may make one or more Advances on the Term Revolving Loan for credit to its own account to be held for the benefit of the Banks in the amount of the then past due Obligation. Notwithstanding the foregoing, Agent shall have no obligation to make any such Advance: (i) if an Event of Default has occurred and is continuing, or (ii) for any purpose other than that for which the Debt Service Reserve was established; provided, however, that if an Event of Default has occurred and is continuing, the Agent in its sole discretion may make Advances on the Term Revolving Loan for the payment of any Obligation then past due in such order and manner as is consistent with the Agent’s obligations set forth in this Agreement. Advances made on the Term Revolving Loan by the Agent under this Section 2.22, may be made without the requirement of any consent by or notice to the Borrowers. Borrowers recognize and acknowledges that its obligation to pay required Obligations are absolute and unconditional and it is not dependent upon the Debt Service Reserve being available to make payment on any Obligation, and nothing herein shall be construed to negate or modify the Borrowers’ absolute and unconditional obligation to pay the Obligations in accordance with the terms and conditions of this Agreement and the other Loan Documents.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Debt Service Reserve Account Borrower shall fund and maintain a debt service reserve in the Debt Service Reserve Account, in an amount equal to twelve (12) monthly payments of principal and interest on the Term Loan as determined from time to time by the Lender (the “Debt Service Reserve Amount”). Beginning with the first fiscal year end after the Effective Date, and at each fiscal year end thereafter, until such time as the balance in the Debt Service Reserve Account is equal to or greater than the Debt Service Reserve Amount, one hundred percent (100%) of Excess Cash Flow shall be deposited in the Debt Service Reserve Account by Borrower within 120 days of each fiscal year end. The balance held in the Debt Service Reserve Account shall earn interest at the rate determined by the Lender from time to time. If at any time after the Debt Service Reserve Amount has been fully funded by the Borrower the balance in the Debt Service Reserve Account is less than sixty-seven percent (67.0%) of the applicable Debt Service Reserve Amount, the Borrower shall, within sixty (60) days after receipt of notice from the Lender as provided herein, deposit in the Debt Service Reserve Account an amount sufficient to restore the balance in the Debt Service Reserve Account to an amount not less than the Debt Service Reserve Amount; provided, however, Borrower shall not be required to make a deposit in the Debt Service Reserve Account to the extent that such a deposit would exceed one hundred percent (100%) of Excess Cash Flow, calculated based upon unaudited monthly financial statements required by Section 5.01(c)(ii) of this Agreement for the month ending immediately prior to receipt of notice from the Lender. In the event that Borrower is not required to fully restore the balance in the Debt Service Reserve Account pursuant to the foregoing sentence, Borrower shall at the earliest possible date thereafter, to the extent of Excess Cash Flow determined on unaudited monthly financial statements required by Section 5.01(c)(ii) of this Agreement or audited financial statements required by Section 5.01(c)(i) of this Agreement, as applicable, deposit in the Debt Service Reserve Account such additional amounts as will restore the balance in the Debt Service Reserve Account to an amount not less than the Debt Service Reserve Amount. As and when any of the Loan Obligations are past due, after any applicable grace periods have expired, under any Loan Document, Lender, in its sole discretion, may withdraw from the Debt Service Reserve Account the amount of the then past due Loan Obligations and apply such amounts to the payment of the past due Loan Obligations. Notwithstanding the foregoing sentence, if an Event of Default has occurred and is continuing under the Loan Documents, the Lender may, after any applicable grace periods have expired, withdraw amounts in the Debt Service Reserve Account, in its sole discretion, and apply such amounts to the payment of the Loan Obligations in such order and manner as Lender shall determine in its sole discretion. Withdrawals by the Lender of any amounts from the Debt Service Reserve Account to pay any Loan Obligations as provided in this Section 2.14 may be made without the requirement of any consent by or notice to the Borrower, provided that Lender shall provide to Borrower notice that such withdrawal was made within a reasonable time thereafter. Borrower recognizes and acknowledges that its obligation to pay the Loan Obligations are absolute and unconditional and it is not dependent upon sufficient deposits in the Debt Service Reserve Account being available to make payment on any Loan Obligations, and nothing herein shall be construed to negate or modify the Borrower’s absolute and unconditional obligation to pay the Loan Obligations in accordance with the terms and conditions of this Agreement and the Loan Documents. Borrower shall execute and deliver to the Lender any and all deposit account control agreements the Lender may reasonably request in accordance with the terms and conditions of the Loan Documents, and take all actions and deliver all documents the Lender may reasonably request or require to perfect the Lender’s security interest in the Debt Service Reserve Account, in accordance with the terms and conditions of the Loan Documents.

  • Minimum Debt Service Coverage Ratio as at the end of each Fiscal Quarter, the Debt Service Coverage Ratio shall not be less than 1.20 to 1.00; and

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

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