Debt Service Liability definition

Debt Service Liability means the sum of all principal and interest payable during such four quarters on all loans and capital leases. A copy of the formula to be used for calculation of the foregoing covenant is attached to this agreement as Exhibit B.
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Debt Service Liability means the sum of (x) all interest paid or payable by Borrower during the period being tested on all loans and capital leases for which the Borrower is liable, and (y) all current maturities of long term debt as of the end of the most recently ended quarter. A copy of the formula to be used for calculation of the foregoing covenant is attached to this agreement as Exhibit F. The ratio set forth in this Section 18D shall be tested (i) as of the end of the first quarter of 2004, only for that quarter; (ii) as of the end of the second, third, and fourth quarters of 2004, for the year 2004 to date; and thereafter for the four most recent quarters.
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Debt Service Liability means in relation to any accounting period of the Borrower, the aggregate of Borrowing Costs Paid and all repayments on Gross Borrowings scheduled to be made during the period
Sample 1

Examples of Debt Service Liability in a sentence

  • At Year End, the ratio of the Identification Division's Operating Cash Flow to its Debt Service Liability, for the entire fiscal year, was ____________ to ____________.

  • At Quarter End, the ratio of the Identification Division's Adjusted Operating Cash Flow to its Debt Service Liability, for the four most recent quarters, was ____________ to ____________.

  • At Quarter End, the ratio of the Identification Division's Operating Cash Flow to its Debt Service Liability, for the four most recent quarters, was ____________ to 1.00.

  • As of the end of each quarter of each fiscal year of Borrower, the ratio of Borrower's Adjusted Operating Cash Flow for the four most recent quarters to its Debt Service Liability for such four quarters shall be at least one and one-quarter to one (1.25:1.00).

  • At Quarter End, the ratio of Borrower's Adjusted Operating Cash Flow to its Debt Service Liability, for the four most recent quarters, was ____________ to ____________.

  • As of the end of each fiscal quarter of each fiscal year of Borrower, beginning with the quarter ending in July, 2002, the ratio of (1) Borrower’s Adjusted Operating Cash Flow for the four most recent quarters, to (2) its Debt Service Liability for such four quarters, shall be (3) at least one and one-half to one (1.50:1.00).

  • At Year End, the ratio of the Identification Division's Operating Cash Flow to its Debt Service Liability, for the entire fiscal year, was ____________ to 1.00.

  • As of the end of each quarter of each fiscal year of Borrower, the ratio of the Identification Division's Operating Cash Flow for the four most recent quarters to its Debt Service Liability for such four quarters shall be at least one and one-quarter to one (1.25:1.00).

  • At Year End, the ratio of Borrower's Adjusted Operating Cash Flow to its Debt Service Liability, for the entire fiscal year, was ____________ to ____________.


More Definitions of Debt Service Liability

Debt Service Liability means in relation to any accounting period of the
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Related to Debt Service Liability

  • 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.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Implied Debt Service means (a) a given principal balance of Unsecured Indebtedness and Secured Recourse Indebtedness multiplied by (b) the greatest of (i) 10% per annum, (ii) the highest per annum interest rate then applicable to any of the outstanding principal balance of the Loans and (iii) a mortgage debt constant for a loan calculated using a per annum interest rate equal to the yield on a 10 year United States Treasury Note at such time as determined by the Administrative Agent plus 3.50% and amortizing in full in a 25-year period.

  • Lender’s Environmental Liability means any and all losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate levels and experts’ fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against the Administrative Agent, any Lender or any Issuer or any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from:

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Total Service Charges means all charges, after application of all discounts and credits, for Services excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international pass-through access (Type 3/PTT) and charges for international access or provided by Company (Type 1), charges for security services provided by Cybertrust, Inc. or its affiliates set forth in the Guide as providers of Cybertrust security services and other charges expressly excluded by this Agreement.

  • 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.

  • Interconnected Reliability Operating Limit or “IROL” shall mean the value (such as MW, MVAR, Amperes, Frequency, or Volts) derived from, or a subset of, the System Operating Limits, which if exceeded, could expose a widespread area of the bulk electrical system to instability, uncontrolled separation(s) or cascading outages.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

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

  • Hovercraft Liability This policy does not cover "hovercraft liability".

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

  • Facility Operator means a person that controls the operation of a facility.

  • Debt service extension base means an amount equal to that

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

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

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.