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 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.
Actual Debt Service means the monthly debt service for the Loan multiplied by twelve (12).
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.
The ratio of Adjusted Net Operating Income from the Unencumbered Pool, divided by the Actual Debt Service Amount.
Maintain an Actual Debt Service Coverage Ratio of not less than 1.50 to 1 with respect to the Mortgaged Properties.
The Administrative Agent shall promptly (but in no case later than the Business Day before each Payment Date) forward to the Collateral Agent notice of the Actual Debt Service Amount payable on such Payment Date.
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 pay ments" 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 the lesser of (i) Fifteen Million Three ------------------- Hundred Thousand Dollars ($15,300,000) per Fiscal Year; or (ii) the actual interest paid or accrued in that Fiscal Year (provided that the rate is a commercially reasonable market interest rate), plus the actual amortization of principal in that Fiscal Year (provided that the amortization rate is a commercially reasonable market rate) on the Refinanced Principal Amount.
Actual Debt Service means an amount equal to the sum of the actual principal and interest payable under the Notes which is attributable to the applicable Project Tranche during the applicable Calculation Period.