Examples of Aggregate Annual Debt Service in a sentence
Aggregate Annual Debt Service” means, with respect to any given Applicant for both direct and indirect obligations to the NJEIFP, the sum of (i) the Aggregate Annual Debt Service and (ii) the additional annual debt service payments due and payable each State Fiscal Year with respect to the Trust Loan and Fund Loan for which the Applicant is then applying to the Financing Program.
The Pledged Revenues (giving credit for any increase in Pledged Revenues which has received final approval of the Governing Body and become effective) from the Fiscal Year immediately preceding the Closing Date were equal to or exceeded, and, on an ongoing basis during each year of the Loan Agreement Term, are reasonably expected to equal or exceed, one hundred twenty-five percent (125%) of the maximum Aggregate Annual Debt Service Requirement.
Loan Applicant” means an Applicant with respect to which the Pro-Forma Water Bank Aggregate Annual Debt Service owed to the I-Bank or the State is less than $50,000.
Loan Applicant” means an Applicant with respect to which the Pro‐ forma Aggregate Annual Debt Service owed separately to either the Trust or the State, as the case may be, is less than $100,000 for Borrowers providing a pledgedG.O. and less than $50,000 for Revenue Bond Borrowers.
Loan Applicant” means an Applicant with respect to which the Pro- forma Aggregate Annual Debt Service owed separately to either the Trust or the State, as the case may be, is less than $100,000 for Borrowers providing a pledgedG.O. and less than $50,000 for Revenue Bond Borrowers.
The Corporation shall maintain extra expense insurance covering additional expenses for continuing operations or to resume normal business incurred by the Corporation which result directly from damage to or destruction of any real or personal property constituting part of the Facilities from the risks covered by the insurance required above under subsection 1, Property Insurance, with limits equal to at least Maximum Aggregate Annual Debt Service.
The Corporation shall fix, charge and collect, or cause to be fixed, charged and collected, subject to applicable requirements or restrictions imposed by law, such rates, fees and charges which, together with all other receipts and revenues of the Corporation and any other funds available therefor, are reasonably projected to be sufficient in each Fiscal Year to produce Net Income Available for Debt Service equal to at least 1.25 times Maximum Aggregate Annual Debt Service for such Fiscal Year.
Further the YMCA agrees that it will apply the $150,000 Compensation payment made hereunder toward the Aggregate Annual Debt Service Payment and shall provide City with evidence of such payments upon reasonable request.
Notwithstanding the foregoing, any change of election will take effect only for payments due a Participant more than twelve months from the date the Change Form is filed with the Committee or its designee and a change in election may not operate to accelerate a payment to a date which is within twelve months of the date the Change Form is filed with the Committee or its designee.
There shall be charged against users, rates and amounts which shall be increased from time to time, if necessary, and which shall produce Gross Revenues sufficient to pay the annual Operation and Maintenance Expenses and one hundred thirty percent (130%) of the Aggregate Annual Debt Service Requirement payable during the then current Fiscal Year.