Examples of Debt Service Charges in a sentence
Another important programme, respondents identified that is targeted at rural schools in selected communities is SFP.
For any period, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) Capital Expenditures made during such period, minus (iii) the aggregate amount of federal, state, local and foreign income taxes paid in cash during such period to (b) Debt Service Charges during such period, in each case, of or by the Borrowers’ Representative and its Subsidiaries for such period, all as determined on a Consolidated basis in accordance with GAAP.
For example, if the imputed ten (10) year United States Treasury bxxx yield as of such date were 6% and the total amount of Unsecured Indebtedness of the Borrowers and their respective Subsidiaries on such date were $100,000, Consolidated Assumed Amortizing Unsecured Debt Service Charges would be equal to $5,019 (e.g. six month period, at $10,038 per annum).
This Board establishes, and covenants that it will maintain, until the Debt Service Charges on the Notes are paid, a separate account as part of the Bond Retirement Fund.
Should accumulated amounts credited to that account produce an amount less than the amount needed to make a timely payment of Debt Service Charges on the Notes, the full amount needed to make up any such deficiency shall be paid by the Treasurer into the Bond Retirement Fund and credited to that account from the last distribution or distributions to the Issuer of the proceeds of the Current Tax Revenues received prior to the date of that payment.