Debt Service Indebtedness definition

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%.
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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;
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Debt Service Indebtedness means, with respect to any Person as of any date of determination, Indebtedness of such Person which (i) amortizes over a
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Examples of Debt Service Indebtedness in a sentence

  • Notwithstanding anything in this Agreement to the contrary, for purposes of the definition of Annual Debt Service, Indebtedness shall not include Bond Anticipation Notes or notes issued in anticipation of revenues of the System.

Related to Debt Service Indebtedness

  • Balloon Indebtedness means Long-Term Indebtedness, 25% or more of the original principal amount of which becomes due (either by maturity or mandatory redemption) during any consecutive twelve-month period, if such principal amount becoming due is not required to be amortized below such percentage by mandatory redemption or prepayment prior to such twelve-month period.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Funded Indebtedness means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  • Consolidated Indebtedness means at any time all Indebtedness of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.