Annual Debt Service Requirements means, for any Fiscal Year, the principal of and interest on all Parity Obligations coming due at Maturity or Stated Maturity (or that could come due on demand of the owner thereof other than by acceleration or other demand conditioned upon default by the Board on such Debt, or be payable in respect of any required purchase of such Debt by the Board) in such Fiscal Year, and, for such purposes, any one or more of the following rules shall apply at the election of the Board:
Annual Debt Service Requirements means, for any fiscal or calendar year, an amount equal to the Debt Service of the particular Parity Obligations for which computation is being made, which will become due and payable during such annual period.
Annual Debt Service Requirements means, with respect to the Series 2013 Warrants and any Additional Parity Securities, the amount of principal and interest maturing with respect thereto in the Fiscal Year in question; provided, that the principal amount of any such Series 2013 Warrants or Additional Parity Securities required, by the terms of the Warrant Ordinance or any Parity Securities Ordinance (as the case may be), to be redeemed during any Fiscal Year out of a sinking or other similar fund shall, for purposes of this definition, be considered as maturing in the Fiscal Year during which such redemption is required and not in the Fiscal Year in which their stated maturity occurs.
Examples of Annual Debt Service Requirements in a sentence
System, including sufficient Pledged Revenues as defined in the Master Resolution to satisfy the Annual Debt Service Requirements of the Financing System, and to meet all financial obligations of the U.
The Board hereby authorizes the Treasurer to make the necessary calculation with respect to the coverage factor of Net Income to Average Annual Debt Service Requirements, after the pricing of the Series 2017 Bonds, to be shown in the Official Statement for the Series 2017 Bonds.
Annual debt service on any proposed Additional Bonds to be issued may be estimated by the consulting engineer in projecting Average Annual Debt Service Requirements, but no Additional Bonds shall be issued requiring any annual debt service payment in excess of the amount so estimated by the consulting engineer.
System, including sufficient Pledged Reve- nues as defined in the Master Resolution to satisfy the Annual Debt Service Requirements of the Financing System, and to meet all financial obligations of the U.
If, however, the Board is making payments on a guarantee or anticipates doing so in its annual budget, such obligation shall be treated as Parity Obligations and calculations of Annual Debt Service Requirements with respect to such guarantee shall be made assuming that the Board will make all additional payments due under the guaranteed obligation.
More Definitions of Annual Debt Service Requirements
Annual Debt Service Requirements of any specified Person means, for any Fiscal Year, the principal of (and premium, if any) and interest and other debt service charges (which include for purposes hereof, any fees or premiums for any letter of credit, surety bond, policy of insurance, bond purchase agreement, or any similar credit or liquidity support secured in connection therewith) on all Long Term Debt of such Person coming due at Maturity or Stated Maturity, and, for such purposes, any one or more of the following rules shall
Annual Debt Service Requirements means, with respect to any Person (including the District and any Restricted Affiliate), for any Fiscal Year, the principal of and premium, if any, and interest and other debt service charges (including any annual and recurring fees or premiums for any letter of credit, or any similar credit or liquidity support secured in connection therewith) on all Outstanding Funded Debt of such Person coming due in such Fiscal Year, subject, however, to the following rules:
Annual Debt Service Requirements means for the then current or any future Bond Year and with respect to any series or issuance of General Ordinance Obligations, Notes or Parity Debt the amount required during that Bond Year in respect of payment of principal and interest for that series or issuance of General Ordinance Obligations, Notes or Parity Debt. With respect to General Ordinance Obligations, Notes or Parity Debt which bear interest at variable rates, the payments in respect of interest for purposes of this definition shall be calculated as if the General
Annual Debt Service Requirements means, during any Bond Year, the amounts required to pay the principal of, redemption premium, if any, and any sinking fund requirement and interest on the Outstanding Bonds; provided, that with respect to the Series 2021 Bonds and any other series of Bonds for which the City has designated and provided Supplemental Security pursuant to Section 2.13, the Annual Debt Service Requirements for such Bonds in any Bond Year shall be reduced by the amount of Supplemental Security provided therefor that is on deposit in the Debt Service Fund and available to pay debt service for such Bond Year; provided further, solely for the purposes of determining the Debt Service Reserve Fund Requirement, the Debt Service Coverage Fund Requirement and any coverage requirement for the issuance of Additional Bonds, that with respect to the Series 2021 Bonds and any other series of Bonds for which the City has designated and provided Supplemental Security pursuant to Section 2.13, the Annual Debt Service Requirements for such Bonds in any Bond Year shall be reduced by the amount of Supplemental Security that is scheduled to be transferred to or is on deposit in the Debt Service Fund for such Bond Year.
Annual Debt Service Requirements of any specified Person means, for any Fiscal Year, the principal of (and premium, if any) and interest and other debt service charges (which include for purposes hereof, any fees or premiums for any letter of credit, surety bond, policy of insurance, bond purchase agreement, or any similar credit or liquidity support secured in connection therewith payable in such Fiscal Year) on all Long-Term Indebtedness of such Person coming due at maturity or stated maturity, and, for such purposes, any one or more of the following rules shall apply:
Annual Debt Service Requirements means, for any fiscal year or any 12-month period ending on the last day of the most recent fiscal quarter immediately prior to the making of such calculation, the principal of, premium, if any, and interest (whether capitalized or expensed) on all Debt of the Company or a Restricted Subsidiary as well as lease payments on lease obligations described in clause (xii) below whether or not such payments are “Debt” according to Accounting Requirements, coming due at Maturity or Stated Maturity in such 12-month period or fiscal year. For such purposes, the following rules shall apply:
Annual Debt Service Requirements means, as of the date of calculation, the principal of and interest on all Prior Lien Obligations corning due at Maturity or Stated Maturity (or that could come due on demand of the owner thereof other than by acceleration or other demand conditioned upon default by the District on such Debt, or be payable in respect of any required purchase of such Debt by the District) in such Fiscal Year, and, for such purposes, any one or more of the following rules shall apply at the election of the District: