Average Aggregate Debt Service means, as of any date of calculation, the sum of the amounts of Aggregate Debt Service for each Fiscal Year during which any Series of Bonds is Outstanding divided by the number of such Fiscal Years; provided, however, that for purposes of the debt service coverage test required under Section 11-14-17.5(4) of the Utah Municipal Bond Act, the City may exclude from such calculation the Debt Service on any Series of Bonds which are secured, in addition to the pledge of Revenues pursuant to the Indenture, by a pledge of Special Revenues.
Average Aggregate Debt Service means, as of any date of calculation, the total Aggregate Debt Service computed for all fiscal years of the District during which any District Debt is scheduled to be outstanding, divided by the number of such fiscal years.
Average Aggregate Debt Service means, as of any date of calculation, the Aggregate Debt Service on all Series of Bonds Outstanding as computed for each Fiscal Year during which any Series of Bonds is Outstanding or any of the Repayment Obligations are outstanding, divided by the number of such Fiscal Years.
Examples of Average Aggregate Debt Service in a sentence
The total of the amounts held in the Rate Stabilization Account pursuant to this Section 10.2 shall not exceed, during any fiscal year, 500% of the Average Aggregate Debt Service, calculated as of the first day of such fiscal year (or, if the interest on any District Debt cannot be determined as of such date, 500% of the Average Aggregate Debt Service estimated by the District on a reasonable basis as of such date).
More Definitions of Average Aggregate Debt Service
Average Aggregate Debt Service means, as of any date of calculation, the amount obtained by dividing (a) the sum of the Aggregate Debt Service on all Series of Bonds Outstanding computed for each Fiscal Year during which any Bonds are or will be Outstanding, by (b) the number of such Fiscal Years.
Average Aggregate Debt Service means, as of any date of calculation, the quotient obtained by dividing