Annual Service Charge definition

Annual Service Charge for any period means the aggregate interest expense for such period in respect of, and the amortization during such period of any original issue discount of, Indebtedness of the Issuer and its Subsidiaries.

Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Issuer and its Subsidiaries.

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Company and its Subsidiaries and the amount of dividends which are payable in respect of any Disqualified Stock.

Examples of Annual Service Charge in a sentence

• In the event that an Owner fails to timely pay any installment of the Annual Service Charge, the amount past due shall bear until paid the highest rate of interest permitted under applicable State law then being assessed against other delinquent taxpayers in the case of unpaid taxes or tax liens.

• The Township's pledge of the Pledged Annual Service Charge to the Trustee shall be an obligation of the Township to transmit the Pledged Annual Service Charge received from an Owner (or such lesser portion thereof as required pursuant to Section 5.02) to the Trustee.

• Each Owner hereby consents and agrees to the amount of Annual Service Charge and to the liens established in this Agreement, and neither an Owner nor any Affiliated Entities shall contest the validity or amount of any such lien.

• Upon receipt of the Pledged Annual Service Charge, the Chief Financial Officer shall promptly forward these amounts (or such lesser portion thereof as required pursuant to Section 5.02) to the Trustee in accordance with this Financial Agreement and the Indenture.

• Concurrently with the issuance of Bonds contemplated by this Financial Agreement and the Redevelopment Agreement, the Township and the Trustee shall enter into the Indenture in order to establish, among other things, the terms and conditions for the application of the Annual Service Charge, payment of debt service, and the relative rights and responsibilities of the Township to the Bondholders.

More Definitions of Annual Service Charge

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Parent Guarantor and its Subsidiaries and the amount of dividends which are payable in respect of any Disqualified Stock.

Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Company and its Subsidiaries.

Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt.

Annual Service Charge for any period means the aggregate interest expense for such period in respect of, and the amortization during such period of any original issue discount of, Indebtedness of the Operating Partnership and its Subsidiaries and the amount of dividends which are payable during such period in respect of any Disqualified Stock.

Annual Service Charge for any period means the maximum amount which is payable during such period for interest on, and the amortization during such period of any original issue discount of, Debt of the Company and its Subsidiaries and the amount of dividends which are payable during such period in respect of any Disqualified Stock.

Annual Service Charge as of any date means the amount which is expensed or capitalized in the immediately preceding four fiscal quarter periods for interest on Indebtedness, excluding amounts relating to the amortization of deferred financing costs.

Annual Service Charge as of any date means the aggregate amount of any interest (other than amortization of deferred financing costs) expenses for the four consecutive fiscal quarters most recently ended prior to such date, as determined in accordance with GAAP.