Actual Debt Service definition

Actual Debt Service means for any period, without duplication, the sum of (a) Consolidated Interest Expense, plus (b) subject to Section 1.4, the aggregate amount of all principal and other payments due during such period with respect to Consolidated Indebtedness (excluding, however, any principal “balloon payments” paid or payable by any member of the Consolidated Group during such period) plus (c) cash dividends paid on any preferred stock of the Borrower.
Actual Debt Service means the monthly debt service for the Loan multiplied by twelve (12).
Actual Debt Service means all interest and principal required to have been paid on Consolidated Liabilities for any period, excluding any final payment of principal which exceeds the periodic payments of principal on such debt.

Examples of Actual Debt Service in a sentence

  • The Borrower will not at any time permit the Actual Debt Service Coverage Ratio to be less than or equal to 2.00 to 1.00.

  • The Borrower will not at any time permit the Unencumbered Pool Actual Debt Service Coverage Ratio to be less than 2.00 to 1.00.

  • Maintain an Actual Debt Service Coverage Ratio of not less than 1.50 to 1 with respect to the Mortgaged Properties.

  • Whether an authorized leave of absence, or absence in military or government service, shall constitute termination of employment shall be determined by the Group Compensation Committee.

  • To the extent there is cash flow from the Property, Borrower shall use said cash flow to pay all Actual Debt Service under the Notes.


More Definitions of Actual Debt Service

Actual Debt Service means the amount of principal and/or interest payments due pursuant to the Loan Documents during the applicable test period.
Actual Debt Service means with respect to any particular period of time, principal (if applicable) and interest payments made under the Notes and this Agreement for such period.
Actual Debt Service means, for any period, aggregate debt service on all Total Funded Indebtedness (exclusive of balloon payments), including Total Scheduled Amortization and Total Interest Expense.
Actual Debt Service means for any period, without duplication, the sum of (a) the aggregate amount of interest which, in conformity with GAAP, would be set opposite the caption "interest expense" or any like caption on an income statement for the Company and consolidated Subsidiaries, whether expensed directly, or included as a component of cost of goods sold, or allocated to joint ventures, or otherwise (including without limitation imputed interest on Capitalized Lease Obligations, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing, the net costs associated with Rate Hedging Obligations, amortization of other financing fees and expenses, the interest portion of any deferred payment obligation, amortization of discount or premiums, in any, and all non-cash interest expense other than interest and other charges amortized to cost of sales), plus (b) the aggregate amount of all principal and other payments due during such period with respect to Indebtedness of the Company or any of its consolidated Subsidiaries (excluding, however, any principal "balloon payments" paid or payable by the Company or any consolidated Subsidiaries during such period), plus (c) cash dividends paid on any preferred stock of the Company.
Actual Debt Service means during each Fiscal Year (prorated for ------------------- portions thereof)
Actual Debt Service means $15,300,000 per Fiscal ------------------- Year.
Actual Debt Service has the meaning specified in the definition of "Mortgage Assets Debt Service Coverage Ratio".