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 MedCath Incorporated) plus (ii) all scheduled principal payments of Debt (excluding payments of Debt to MedCath Incorporated) which were paid during such period.
Adjusted Debt Service in the Mezzanine A Loan Agreement.
Examples of Adjusted Debt Service in a sentence
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.
If the Borrower fulfills the Conversion Criteria and exercises the Conversion Option set forth in Section 2.1(c)(ii) hereof, at all times after the Non-Formula Revolving Maturity Date, an Adjusted Debt Service Coverage ratio of at least 2.00 to 1.00.
Turning to the key financial metrics, the forecasted Adjusted Debt Service Coverage (ADSC) is 1.50x for the Medium Impact scenario, on track with the accountability plan threshold of 1.50x.
It has a Lustre file system (100 TB storage) with 24 OSTs. We used a maximum of 128 processes.
The Adjusted Net Income metric meetsthis threshold in my opinion with the -5% revenue standard.However, the Lease Adjusted Debt Service Coverage Ratio contradicts the Adjusted Net Income measure by making sure that all charters that have no debt and have any net loss (even $1) will be classified as Below Standard.
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 for any period shall mean, as of any date of calculation by the Authorized Board Representative and with respect to any Series of Bonds Outstanding an amount equal to the sum of (a) the interest accruing during such period on such Series of Bonds, and (b) that portion of each Principal Installment for such Series which would accrue during such period if such Principal Installment were deemed to accrue daily in equal amounts from the next preceding Principal Installment due date for such Series or, if there should be no preceding Principal Installment due date, from a date one year (or such lesser period as shall be appropriate if Principal Installments shall become due more frequently than annually) preceding the due date of such Principal Installment or from the date of issuance of the Bonds of such Series, whichever is later; but taking into account the following adjustments:
Adjusted Debt Service means as of any Testing Determination Date, the greatest of:
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
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 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.