Debt Service Rental Payments definition

Debt Service Rental Payments. As defined in Section 3.1.
Sample 1Sample 2Sample 3
Debt Service Rental Payments. As defined in Section 3.2. Documents: As defined in the UCC.
Sample 1

Examples of Debt Service Rental Payments in a sentence

  • During each Extension Term, the Base Rent shall continue to be payable in arrears on the first day of each calendar month; provided, however, that in the event that the terms of any promissory note secured by any Fee Mortgage requires Debt Service from the Lessor to be paid on any basis other than monthly in arrears, the Lessee's obligation to make monthly payments of the Debt Service Rental Payments shall be adjusted accordingly to coincide with the schedule of payments.

  • The Lessee will pay the Debt Service Rental Payments, in lawful money of the United States of America, directly to the applicable Fee Mortgagee (at the address that the Lessor shall from time to time designate in writing to the Lessee).

  • The Lessor reserves the right to refinance any Fee Mortgage now or hereafter encumbering the Leased Property and no such refinancing will limit or otherwise affect the Lessee's obligation to make the Debt Service Rental Payments or payments of Additional Rent; provided, that the terms and conditions of any such refinancing reflect the terms and conditions that are then customary and prevailing for commercial loan transactions secured by real property of similar value and nature to the Leased Property.

  • The Lessee will pay the Debt Service Rental Payments, in lawful money of the United States of America, directly to the applicable Fee Mortgagee (at the address that the Lessor or the Fee Mortgagee shall from time to time designate in writing to the Lessee).

  • The Lessor reserves the right to refinance any Fee Mortgage now or hereafter encumbering the Leased Property and no such refinancing will limit or otherwise affect the Lessee's obligation to make the Debt Service Rental Payments; provided, that the terms and conditions of any such refinancing reflect the terms and conditions that are then customary and prevailing for commercial loan transactions secured by real property of similar value and nature to the Leased Property.

  • From and after such time, if any, that a new Fee Mortgage Loan is in effect, the Base Rent (and thus the Debt Service Rental Payments) due hereunder will be calculated based upon the actual Debt Service due from the Lessor to the holder of such Fee Mortgage.

  • From and after such time, if any, that a new Fee Mortgage Loan is in effect (in accordance with the terms hereof), the Base Rent (and thus the Debt Service Rental Payments) due hereunder shall be calculated based upon the actual Debt Service due from the Lessor to the holder of such Fee Mortgage.

Related to Debt Service Rental Payments

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • 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.

  • 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.

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

  • 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.

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

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • 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.

  • Total Debt Service means the sum of (i) scheduled or other required payments of principal on Indebtedness, and (ii) Interest Expense, in each case for such period.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.