Debt Service Payments definition

Debt Service Payments is defined as the monthly installments of principal and interest payable by Borrower to Lender as set forth in the Note.

Debt Service Payments means the moneys paid by each Participant as and for payments of principal of and interest on its respective Note, which moneys shall include the Pledged Revenues and amounts deposited in the related Repayment Fund and any other moneys lawfully available therefor pursuant to the related District Note Resolution.

Debt Service Payments means the moneys paid by each Participant as and for payments of principal of and interest on its respective District Notes and Additional District Notes, if any, which moneys shall include the Pledged Revenues and amounts deposited in the related Participant’s Payment Account and any other moneys lawfully available therefor pursuant to the related District Resolution.

Examples of Debt Service Payments in a sentence

• Absent a demand by Lender, any such amounts shall be payable by Borrower in the same manner as provided for the payment of Monthly Debt Service Payments.

• In no event shall the preceding sentence obligate Lender to make any adjustment to the Monthly Debt Service Payments.

• Unless otherwise expressly provided in this Loan Agreement, any prepayment required by any Loan Document of less than the entire unpaid principal balance of the Mortgage Loan shall not extend or postpone the due date of any subsequent Monthly Debt Service Payments, Monthly Replacement Reserve Deposit, or other payment, or change the amount of any such payments or deposits.

• The reduced debt service payments will be calculated using the Fixed Interest Rate and an amortization schedule that will achieve the same proportionate amortization of the reduced Principal over the then remaining Term as would have been achieved if the Principal and the originally scheduled Debt Service Payments had not been reduced.

• Bond Debt Service Payments is directly administered through the bond management function.

More Definitions of Debt Service Payments

Debt Service Payments means the sum of all principal and interest payments due and payable in an Accounting Year to the Lenders under the Financing Documents.

Debt Service Payments as follows:

Debt Service Payments means, with respect to any period, the Credit Parties’ total interest expense payments on all Indebtedness (including, without limitation, the Notes) during such period plus the Credit Parties’ scheduled principal payments on all Indebtedness (including, without limitation, the Notes) during that same period.

Debt Service Payments means the payments required to be made for principal, amortization payments and interest on the Bonds, in the manner provided in the Bond Resolution, or payments treated as debt service or payable on a parity therewith, minus any accrued and capitalized interest that may be funded from the proceeds of the Bonds, for the fees and expenses of fiscal agents, for rebate payments, and for the replacement of any moneys withdrawn from any reserve fund or account or amounts necessary to reinstate any reserve fund credit facility or product.

Debt Service Payments means, for any period, the sum, without duplication, of (a) Consolidated Cash Interest Expense for such period, and (b) the aggregate amount of scheduled principal payments made during such period in respect of Long-Term Indebtedness of the Borrower and its subsidiaries (other than payments made to the Borrower or any of its subsidiaries); provided, however, that for purposes of determining compliance with Section 6.13 at any time from the Effective Date through March 31, 2009, Debt Service Payments shall be deemed to be $9,000,000 for the fiscal quarter ended December 31, 2007, $9,000,000 for the fiscal quarter ended March 31, 2008, and $9,000,000 for the fiscal quarter ended June 30, 2008.

Debt Service Payments shall have the meaning set forth in the First Amendment.

Debt Service Payments means payments payable by the District pursuant to the Bond Resolution as specifically set forth in exhibits to the supplemental resolutions that may be outstanding, from time to time, as they may be amended or supplemental pursuant to the Bond Resolution.