Debt Service Payment definition

Debt Service Payment means, when used with respect to any Payment Date, the sum of the (a) interest, if any, and (b) Principal Installments, if any, due and payable on such date with respect to the Bonds.

Debt Service Payment means, when used with respect to any Payment Date, the sum of the

Debt Service Payment means, with respect to any Bond Payment Date, whether any such payment shall be due at maturity or upon redemption or acceleration of the Bonds or otherwise, (i) the Interest payable on each such Bond Payment Date on all Bonds then Outstanding, plus (ii) the principal, if any, payable on such Bond Payment Date on all such Bonds, plus (iii) the premium, if any, payable on such Bond Payment Date on all such Bonds.

Examples of Debt Service Payment in a sentence

• Borrower shall make a payment to Lender of interest in the amount of the Monthly Debt Service Payment Amount on the First Monthly Payment Date and on each Monthly Payment Date occurring thereafter to and including the Maturity Date.

• The Tax and Insurance Escrow Fund and the Monthly Debt Service Payment Amount, shall be added together and shall be paid as an aggregate sum by Borrower to Lender.

• The Monthly Debt Service Payment Amount due on any Payment Date shall first be applied to the payment of interest accrued during the preceding Interest Period and the remainder of such Monthly Debt Service Payment Amount shall be applied to the reduction of the unpaid Principal.

• Any regularly scheduled Monthly Debt Service Payment that is received by Lender before the applicable Payment Date shall be deemed to have been received on such Payment Date solely for the purpose of calculating interest due.

• Borrowers shall be deemed to have timely made the Required Debt Service Payment pursuant to Section 2.8 regardless of the time Lender makes such transfer as long as sufficient funds are on deposit in the Debt Service Payment Sub-Account at 12:00 noon, New York City time on the applicable Payment Date.

More Definitions of Debt Service Payment

Debt Service Payment means a payment to be made by the

Debt Service Payment means, with respect to any Bond Payment Date, whether any such payment shall be due at maturity or upon redemption or acceleration of the Bonds or otherwise, (i) the interest payable on each such Bond Payment Date on all Bonds then Outstanding, plus (ii) the principal, if any, payable on such Bond Payment Date on all such Bonds, plus (iii) the premium, if any, payable on such Bond Payment Date on all such Bonds.

Debt Service Payment. For any Payment Date, an amount equal to the excess, if any, of (i) the Interest Amount for such Payment Date over (ii) the amount remaining in the Collection Account on such Payment Date, after giving effect to the receipt of Optional Advances, if any, cash transfers from the first sub-account of the Reserve Account pursuant to Section 4.1(a), and payments made pursuant to Section 4.2(a)(i), (ii), (iii) and (iv).

Debt Service Payment means, with respect to any Bond Payment Date, (i) the interest payable on such Bond Payment Date on the Bonds Outstanding (including any Additional Bonds), plus (ii) the principal or Redemption Price, if any, payable on such Bond Payment Date on the Bonds Outstanding, plus (iii) the premium, if any, payable on such Bond Payment Date on the Bonds Outstanding.

Debt Service Payment means the sum of interest, principal, premium, if any, and Liquidated Damages, if any, with respect to the Outstanding Notes payable on each Debt Service Payment Date.

Debt Service Payment means, the principal, interest, commitment fee, liquidated damages, fees (other than the fees and expenses payable to the Trustee Bank for and/or in connection with performance of their respective services in accordance with the related agreements and/or the appointment letters) costs, charges and expenses, and other amounts payable to the Lender on Due Date by the Borrower under the Financing Documents.

Debt Service Payment means, when used with respect to any Payment Date, the sum of the (a) interest, if any, and (b) Principal Installments, if any, and (c) Auxiliary Obligations, if any, due and payable on such date with respect to the Bonds and Auxiliary Agreements referred to.