Adjusted Debt Service means, with respect to any particular period of time, the payments of interest that would be due on the outstanding principal balance of the Loan assuming an interest rate equal to the lesser of (i) the Strike Rate plus the Spread and (ii) the Applicable Interest Rate.
Adjusted Debt Service means, with respect to the Borrower for any period, the sum of the following determined, without duplication, in accordance with GAAP: (i) all Interest Expense due and payable in cash or which was paid during such period (excluding all Interest Expense paid during such period by the Borrower to FinCx) xxus (ii) all scheduled principal payments of Debt (excluding payments of Debt to FinCx) xxich were paid during such period.
Adjusted Debt Service in the Mezzanine A Loan Agreement.
Examples of Adjusted Debt Service in a sentence
Total Debt Service is added to 20% of Senior debt service to arrive at total Adjusted Debt Service.
Coverage Test 1 is the ratio of Adjusted Net Revenues divided by Adjusted Debt Service for a minimum ratio of 1 time.
The Net Revenues and Taxes as certified by the Accountant for the most recent Fiscal Year (for which audited financial statements of the Department are available) preceding the issuance of such series of Additional Bonds shall have equaled not less than one hundred twenty-five per cent of the Annual Adjusted Debt Service Requirement for such Fiscal Year of the Bonds outstanding during such year.
Under the proposed amendment of this covenant, the Department will be permitted to calculate its coverage ratios on the basis of its Annual Adjusted Debt Service Requirement.
Borrower shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.35 through [August 1, 2012], and thereafter, shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.45.
More Definitions of Adjusted Debt Service
Adjusted Debt Service means, for any particular period, the sum of (a) the aggregate Senior Mezzanine Debt Service for such period under the terms of the applicable Senior Mezzanine Loan Documents, (b) the aggregate CIGNA Mortgage Loan Debt Service for such period under the terms of the CIGNA Mortgage Loan Documents, and (c) the Xxxxx Fargo Mortgage Loan Debt Service for such period under the terms of the applicable Xxxxx Fargo Mortgage Loan Documents. For purposes of calculating Senior Mezzanine Debt Service and Xxxxx Fargo Mortgage Loan Debt Service, the interest rate shall be equal to the sum of the following, not to exceed the applicable Stress Rate: (i) the Swap Rate with a term which expires on the Second Extended Maturity Date, plus (ii) the applicable LIBOR Margin (as defined in each of the Senior Mezzanine Loan Agreements and the Xxxxx Fargo Mortgage Loan Agreement). For purposes of calculating CIGNA Mortgage Loan Debt Service, if the interest rate thereunder is a fixed rate, then such fixed rate of interest shall apply. If the interest rate of a CIGNA Mortgage Loan is based on LIBOR, for purposes of calculating CIGNA Mortgage Loan Debt Service, the interest rate shall be equal to the sum of the following, not to exceed the applicable Stress Rate: (1) the Swap Rate with a term which expires on the final maturity date (taking into account all extension options) under the applicable CIGNA Mortgage Loan Documents, plus (2) the applicable margin over LIBOR.
Adjusted Debt Service means, as at any date of determination, the sum of all payments of principal and interest on Indebtedness of Holdings and its subsidiaries (including, without limitation, all commissions, discounts and other fees and charges owed with respect to any and all commitments, lines of credit, banker's acceptances, letters of credit, and interest rate protection, foreign currency exchange, or other interest or exchange rate swap or hedging agreements or arrangements, and the interest and principal components of capitalized leases) paid or payable during the Computation Period ending at such date.
Adjusted Debt Service means as of any Testing Determination Date, the greatest of:
Adjusted Debt Service as of any determination date means the product obtained by multiplying (i) the Aggregate Outstanding Credit Exposure as of such date by (ii) the Assumed Rate as of such date.
Adjusted Debt Service means, in connection with the proposed release of one or more Individual Properties pursuant to Section 2.4, the Debt Service, as determined by Lender, that would be due during the twelve (12) month period commencing on the first Due Date after the proposed date of such release, after giving effect to the application of the Release Amount required to be paid under Section 2.4.1 with respect to the proposed release to the outstanding principal balance of the Loan and the recalculation, pursuant to Section 2.4.2, of payments necessary to amortize the remaining principal balance of the Loan by February 1, 2015 and pay interest on the amount of such principal balance outstanding from time to time at the Interest Rate.
Adjusted Debt Service with respect to any particular period of time, the payments of principal and interest that would be due on the outstanding principal balance of the Loan assuming a loan constant equal to the Market Constant Rate for such period.
Adjusted Debt Service means, for any period of time, the Debt Service for such period minus the sum of the amount of such Debt Service with respect to Outstanding Parity Obligations to be paid during such period from the proceeds of Parity Obligations as set forth in a certificate of the District.