Debt Service Expense definition

Debt Service Expense means, with respect to any person for any period, the aggregate of regularly scheduled principal payments of all long-term Indebtedness (including, without limitation, Subordinated Indebtedness) made or to be made by such person during such period on a Consolidated basis in accordance with GAAP.

Debt Service Expense means Interest Charges, plus the current portion of any debt, excluding any prepayment of any debt, plus the portion attributable to principal of all payments on Capital Leases, if any (computed at the implicit rate, if known, or five percent (5%) per annum otherwise), computed in accordance with GAAP.

Debt Service Expense means, in respect of any fiscal period, the -------------------- aggregate amount of scheduled interest and principal payable on (i) the Note, (ii) Subordinate Debt and (iii) Indebtedness covered by Purchase Money Security Interests for such period. For the purpose of the calculation of Debt Service Expense for any period subsequent to the Optional Prepayment Date, the amount set forth in clause (i) above shall be computed based on the Monthly Debt Service Payment.

Examples of Debt Service Expense in a sentence

• Debt Service Expense ....................................................................1,000,000.004.

• Reflects all interest earnings from the following trusteed funds and accounts: Interest and Principal Accounts of the Debt Service Expense Fund, District Expense Fund, Operations & Maintenance Expense Fund, Debt Service Reserve Fund and Excess Funds Long-Term Reserve Fund, and District Construction.

• Salary and Benefits Expenditures are projected to have a net decrease of 3% ($361K) compared to the current amended budget.The large decrease in Transfer Out from Fund 600 consist of the reduction in the Required Reserved for Debt Service ($3.9M less), Debt Service Expense ($1M less), and Cash Funded Capital Improvement Projects ($490K less).Overall, FY22 Enterprise Operating Fund revenues are projected to decreased by 6% ($3.1M).

• Finance (Jean Young) • Appropriations: o Commissioners: Appropriate the 2019 Debt Service Expense for both the County Radio System Bond and the Department of Job & Family Services-Midtown Bond-$1,556,867.97 o Commissioners: Appropriation to Fund 2019 Criminal Justice related Capital Projects approved by the Board on 3/13/19 from the Justice System Sales Tax Fund-$985,040.00.

• The collection of the Assessment sufficient to pay $2,249,467.50 of debt service on the Bonds due during fiscal year 2023-24 is hereby authorized and directed, which collection amount may be reduced to the extent that other monies are in the Debt Service Expense Fund established under the Bond Indenture and available for payment of debt service on a payment date, as provided in the Bond Indenture, the Bond Resolution and the Development Agreement.

More Definitions of Debt Service Expense

Debt Service Expense means, with respect to any Person for any period, the aggregate of regularly scheduled principal payments of all long-term Indebtedness (including, without limitation, Subordinated Indebtedness) made or to be made by such Person during such period in accordance with GAAP.

Debt Service Expense means, for any Fiscal Quarter, any repaid principal and any interest, fees and other amounts of the Elk Valley Entities paid solely in respect of the Operations (including but not limited to, interest on instruments issued for reclamation bonding, interest on advance payments receipts and interest on leased assets or pursuant to Capital Leases) net of any interest income earned by the Elk Valley Entities solely in respect of the Royalty Properties during such Fiscal Quarter. For purposes of calculating Debt Service Expense, Operations shall be deemed to include the operations of Neptune Terminal.

Debt Service Expense means, in each Fiscal Year for the Parent and its Consolidated subsidiaries on a Consolidated basis, the aggregate of regularly scheduled principal payments due on the Term Loans in such Fiscal Year as set forth in Section 2.04(c).

Debt Service Expense means interest charges, plus the current portion of any long-term debt, plus the portion attributable to principal of all payments on Capital Leases (computed at the implicit rate, if know, or 10% per annum otherwise), computed in accordance with GAAP.

Debt Service Expense means with respect to any period, the debt service expense incurred by the Partnership, including interest expense and required principal payments, late charges and any other fees and expenses incurred during such period and relating to the Project Loans.

Debt Service Expense means the Borrowers' interest expense, plus the current portion of any long-term debt, plus the portion attributable to principal of all payments on Capital Leases (computed at the implicit rate, if known, or 10% per annum otherwise), computed in accordance with generally accepted accounting principles as in effect as of the date hereof consistently applied. "Capital Lease" shall mean, as of any date, any lease of property, real or personal, which would be capitalized on a balance sheet of the lessee prepared as of such date in accordance with generally accepted accounting principles, together with any other lease by such lessee which is in substance a financing lease, including without limitation, any lease under which (i) such lessee has or will have an option to purchase the property subject thereto at a nominal amount or an amount less than a reasonable estimate of the fair market value of such property as of the date such lease is entered into or (ii) the term of the lease approximates or exceeds the expected useful life of the property leased thereunder.

Debt Service Expense means Interest Charges, plus the current portion of any debt, excluding any