Debt Service Share definition

Debt Service Share means, with respect to each Participant and as of any date of determination, the percentage of Debt Service Costs payable by the Participant, determined by dividing the Participant’s Debt Service Percentage (expressed as a decimal) by the sum (expressed as a decimal) of the Debt Service Percentages of all Participants, including the Participant whose Debt Service Share is being determined. The Participant’s initial Debt Service Share will be calculated at the time that it pays a Capital Contribution and will be set forth on SCHEDULE I. The Debt Service Shares for the Participants may be calculated separately for each separate series of Bonds.
Sample 1Sample 2Sample 3
Debt Service Share means, with respect to each Participant and as of any date of determination, the percentage of Debt Service Costs payable by the Participant, determined by dividing the Participant’s Debt Service Percentage (expressed as a decimal) by the sum (expressed as a decimal) of the Debt Service Percentages of all Participants, including the Participant whose Debt Service Share is being determined. The Participant’s initial Debt Service Share is set forth on SCHEDULE I. The Debt Service Shares for the Participants may be calculated separately for each separate series of Bonds.
Sample 1

Examples of Debt Service Share in a sentence

  • UAMPS’ calculation and determination of the Development Costs and the Cost of Acquisition and Construction of the Initial Facilities and the Participant’s Capital Contribution Percentage, Debt Service Percentage and Debt Service Share in accordance with (i), (ii) and (iii) above shall be subject to the approval of the Project Management Committee, and upon such approval shall be conclusive and binding upon UAMPS and the Participant.

  • After provision is made for payment of the Debt Service Share, the remaining franchise fees shall be applied as a credit against each Member’s Operating Cost Share owed the Commission, with any excess being remitted to the Member by the Commission and any shortfall being payable to the Commission by the Member.

  • Each Member acknowledges that its Debt Service Share of the franchise fee collections will be irrevocably pledged by the Commission as security for the Commission’s Bonds.

  • Each Member shall cause its franchise fees to be paid directly to the Commission, and the Commission shall deduct from each Member’s quarterly payment of franchise fees, before application to any other purpose, one-fourth of the Member’s Debt Service Share for that calendar year.

  • Any excess of the withdrawn Member’s franchise fees over the withdrawn Member’s Debt Service Share (and any required Operating Cost Share, if the Member gave notice of withdrawal after October 15 of the preceding calendar year) shall be remitted by the Commission to the withdrawn Member.

  • In Indonesia, there are many definitions regarding small business.

  • A withdrawn Member will continue to be responsible for its Debt Service Share (payable only from the withdrawn Member’s franchise fees and/or PEG fees) notwithstanding its withdrawal from the Commission, and shall continue to have its franchise fees and PEG fees paid directly to the Commission until all Bonds have been paid.

  • Outlook for '09The Fiscal Year 2009 budget includes funds:- to honor negotiated union contracts- for enrollment growth- for a contribution to the new OPEB Trust Fund Revenue Summary: Howard County$454,794,610State of Maryland191,760,150Federal370,000Other10,084,300Subtotal$657,009,060County Debt Service Share 35,042,158OPEB3,439,027Subtotal$38,481,185Total$695,490,245 Additional information is available at www.hcpss.org..

  • The Town's Debt Service Share for the Public Service Bonds is determined by expressing the Public Service Taxes collected within the Town at the time of incorporation as a percentage of the total Public Service Taxes collected within the unincorporated area of the County at the time of incorporation applying that percentage to the total annual debt service on the Public Service Bonds.

  • The intent of this section is to ensure that (i) the County will be in compliance with the Bond covenants regarding the collection of the Fees and Taxes; (ii) the Town continues to pay its Debt Service Share until the Bonds are retired.

Related to Debt Service Share

  • Debt Service means, with respect to any particular period of time, scheduled principal and/or interest payments under 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 Coverage Ratio means a ratio for the applicable period in which:

  • Consolidated Income Available for Debt Service for any period means Earnings from Operations of the Company and its Subsidiaries plus amounts which have been deducted, and minus amounts which have been added, for the following (without duplication): (i) interest on Indebtedness of the Company and its Subsidiaries, (ii) provision for taxes of the Company and its Subsidiaries based on income, (iii) amortization of debt discount, (iv) provisions for gains and losses on properties and property depreciation and amortization, (v) the effect of any noncash charge resulting from a change in accounting principles in determining Earnings from Operations for such period and (vi) amortization of deferred charges.

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

Most Referenced Clauses

Most Referenced Definitions