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.
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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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • The City's share shall be all Fees and Taxes collected within the City annually minus its Debt Service Share.

  • George desires to assign all of its Entitlement Share and Debt Service Share to the Assignees in the respective amounts shown on Schedule A attached hereto, and any and all other privileges, claims, and responsibilities of every type and description that St. George may have under the Power Sales Contract (the “Assigned Interest”).

  • Pursuant to the Power Sales Contract, St. George has an Entitlement Share of 13.5542%, and a Debt Service Share of 14.3362%.

Related to Debt Service Share

  • 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.

  • 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 Account as defined in the Depositary Agreement.