Debt Service Coverage Fund definition

Debt Service Coverage Fund means the Debt Service Coverage Fund created by Section 308 of the Indenture.
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Debt Service Coverage Fund means the Coverage Fund established under the Bond Resolution which shall at all times equal 25% of the Debt Service Requirement.
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Debt Service Coverage Fund means the Fund by that name established with the Trustee pursuant to Article V.
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Examples of Debt Service Coverage Fund in a sentence

  • Fifteen days prior to each Lease Payment Date, the Trustee will notify the Lessee of the amount of funds representing Capital Outlay Funds and other funds deposited in the Revenue Fund which have been transferred to the Debt Service Fund, including any funds transferred from the Debt Service Coverage Fund in accordance with Section 504 of the Indenture, which funds shall represent a credit against any Lease Payment due on the next Lease Payment Date.


More Definitions of Debt Service Coverage Fund

Debt Service Coverage Fund means the Debt Service Coverage Fund created by Section 308 hereof.
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Related to Debt Service Coverage Fund

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Debt Service means, with respect to any particular period of time, scheduled principal and interest payments under the Note.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges required to be paid for such Measurement Period, plus (b) regularly scheduled principal payments required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations and Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.