Examples of Debt Service Payment Date in a sentence
If on any Debt Service Payment Date for a Series of Senior Bonds the amount accumulated in the Senior Debt Service Fund for any of the purposes specified above calculated with respect to all Senior Bonds then Outstanding exceeds the amount required therefor, the amount of such excess shall thereupon be transferred to the Revenue Fund.
All cash from interest and principal payments paid on the Total Defeasance Collateral or Partial Defeasance Collateral shall be paid over to Lender on each Debt Service Payment Date and applied first to accrued and unpaid interest and then to principal.
In addition, on the Optional Prepayment Date and each Debt Service Payment Date thereafter, the Note may be prepaid, at the option of the Borrower, in full or in part, without penalty or premium.
If on any Debt Service Payment Date for a Series of Subordinate Bonds the amount accumulated in the Subordinate Debt Service Fund for any of the purposes specified above calculated with respect to all Subordinate Bonds then Outstanding exceeds the amount required therefor, the amount of such excess shall thereupon be transferred to the Revenue Fund.
Any amount not transferred from the Prepayment Subaccount, the L/C Cash Collateral Subaccount or the Delay Damages Subaccount pursuant to Section 5.7(c), 5.7(d) or 5.7(e), respectively, on any Special Debt Prepayment Date, L/C Reimbursement Date or any Scheduled Senior Debt Service Payment Date, as the case may be, shall be retained in such Subaccount pending further application pursuant to this Agreement.