Debt Service Indebtedness means, as at any date of determination, Indebtedness which (i) amortizes over a period of twenty-five (25) years with equal payments of principal and interest due and payable on a monthly basis, and (ii) bears interest at a per annum rate equal to the greater of (x) 6.00% per annum, and (y) the current yield on United States treasuries having the closest maturity date to the tenth (10th) anniversary of the date of determination, plus 2.50%.
Debt Service Indebtedness means, as at any date of determination, Indebtedness which (i) amortizes over a period of thirty (30) years with equal payments of principal and interest due and payable on a monthly basis, and (ii) bears interest at a per annum rate equal to the greater of (x) 6.50% per annum, and (y) the current yield on United States treasuries having the closest maturity date to the tenth (10th) anniversary of the date of determination, plus 2.50%.
Debt Service Indebtedness means indebtedness the proceeds of which are used exclusively to repay all or any portion of the Notes and associated fees and expenses;
Examples of Debt Service Indebtedness in a sentence
The greater of (i) zero or (ii) scheduled principal amortization paid on Debt Service Indebtedness for such period (exclusive of any balloon payments or prepayments of principal paid on such Debt Service Indebtedness, and assuming principal amount of Debt Service Indebtedness is equal to the aggregate principal amount of all outstanding Loans and L/C Obligations).
More Definitions of Debt Service Indebtedness
Debt Service Indebtedness means the sum of (i) the principal payments of Debtor with respect to all Indebtedness of Debtor, and (ii) the interest expense of Debtor with respect to all Indebtedness of Debtor.
Debt Service Indebtedness means, with respect to any Person as of any date of determination, the Total Unsecured Indebtedness of such Person, with assumed payment terms that (i) amortize over a period of thirty (30) years with equal payments of principal and interest due and payable on a monthly basis, and (ii) bear interest at a per annum rate equal to the greater of (x) 6.50% per annum, and (y) the current yield on United States treasuries having the closest maturity date to the tenth (10th) anniversary of the date of determination, plus 2.50%.
Debt Service Indebtedness means, with respect to any Person as of any date of determination, Indebtedness of such Person which (i) amortizes over a