Debt Servicing definition

Debt Servicing. Net Cash Flow to Debt Service Liability for each financial year must be at least 10.00 to 1.

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Debt Servicing. Interest Cover:] Net Rental Income to [Interest Payable / Bank Borrowing Costs] must be at least [xx] to 1 for each consecutive [xx] month period, starting with the period ending [Date]. Loan to Value: the Loan must not exceed [xx]% of Value on each Valuation Date.

Debt Servicing means the aggregate amount of all repayments (including sinking fund payments, lease payments under financial leases if any), whether or not actually paid, and interest and other charges on debt. Interest charges which are incurred in financing capital expenditure during development are excluded if they are capitalized.

Examples of Debt Servicing in a sentence

AND/OR Debt Servicing: [Gross/Net] Rental Income to Bank Borrowing Costs must be at least 1.00 to 1 for each consecutive [twelve month] period, starting with the period ending [31 May 2018].
Subject: Project Starlight – Agreement for the sale of a non-performing exposures portfolio and for the sale of APS Debt Servicer Hellenic Bank Public Company Limited (the “Bank”) announces that it has entered into an agreement for the sale of a non-performing exposures (“NPE”) portfolio and for the sale of APS Debt Servicing Cyprus Ltd (the “APS Debt Servicer”).
AND/OR [Debt Servicing: [Gross/Net] Rental Income to Bank Borrowing Costs must be at least 1.00 to 1 for each consecutive [twelve month] period, starting with the period ending [31 May 2018].
If, after having reviewed the details of the Shared Home Owner’s income, expenditure and Debt Servicing Ratio BHCT and any Mortgagee believes that the Shared Home Owner could increase its Share BHCT shall obtain a Current Market Valuation and may give notice to the Shared Home Owner requiring it to purchase some or all of BHCT’s Share.
Vendor shall earn a Debt Servicing Fee of [__] basis points ([__]% per annum) of the total amount of any indebtedness secured by the Property, paid no less frequently than quarterly (unless otherwise determined by the Vendor).
Second, Moola applied its Debt Servicing Ratio to the Borrower’s Net Reliable Income.
Moola then compared the lesser of the Borrower’s Income‐to‐Repayment Amount and Debt Servicing Ability (the Affordability Amount) with the Repayment Amount.
Vendor shall earn a Debt Servicing Fee of 15 basis points (0.15% per annum) of the total amount of any indebtedness secured by the Property, paid no less frequently than quarterly (unless otherwise determined by the Vendor).

More Definitions of Debt Servicing

Debt Servicing will be determined as a module if it is negative, and will not be taken into consideration in the calculation, if it is positive. Currency and monetary variations of the company's debt and cash are excluded from this calculation, as are expenses arising from provisions (which do not impact on the Issuer's cash flow, but merely on its accounting records);

Debt Servicing means annual required Debt Repayments, including interest and principal.

Debt Servicing means the aggregate amount of all repayments (including sinking fund payments, lease payments under finance leases if any) whether or not actually paid, and interest and other charges on debt. Interest charges which are incurred in financing capital expenditure during development are excluded if they are capitalized. Expenditures for 2017 was UZS 7,566,402,000, which was sum of: i) expenses of the period – UZS 7,372,011,000 ii) expenses on financial activities – UZS 177,949,000 iii) profit (income) tax – UZS 16,442,000 Revenues for 2017 was UZS 7,567,005,000, which was sum of: i) gross profit – UZS 1,694, 697,000; ii) other income from operational activities – UZS 5,855,726; iii) profit from financial activities – UZS 16,582,000.

Debt Servicing. Net Cash Flow to Debt Service Liability for the period since the Completion Date to the last day of a financial quarter up to and including [ ] and thereafter for each 12 month period ending on the last day of a financial quarter must be at least [X.00] to 1. Minimum EBITDA: EBITDA must be at least: £X for the 3 month period ending [ ], then £X for the 6 month period ending [ ], then £X for the 9 month period ending [ ], then £X for each 12 month period ending on the last day of a financial quarter. Capital Expenditure: Capital Expenditure in each Financial Year must not exceed [ [£X] / the budgeted Capital Expenditure approved by the Bank / the aggregate of (i) 110% of the budgeted Capital Expenditure approved by the Bank and (ii) 25% of any unspent budgeted Capital Expenditure approved by the Bank carried forward from the previous Financial Year ], without the consent of the Bank. The following definitions apply to the Financial Covenants [and Clause 10.3(a)(iii)]: Borrowing Costs: interest and costs (accrued, payable or capitalised) to service Gross Borrowings, including the effect of amounts payable and receivable under interest rate hedging related to Gross Borrowings, and excluding: fair value losses and impairment charges on financial instruments any finance cost or finance income related to defined benefit pension schemes. Borrowing Costs Paid: interest and costs (paid, due to be paid or capitalised) to service Gross Borrowings including the effect of amounts paid and received under interest rate hedging related to Gross Borrowings. Capital Expenditure: expenditure on the purchase of fixed assets, including amounts funded by hire purchase or finance leases. Debt Service Liability: Borrowing Costs Paid plus scheduled repayments of Gross Borrowings.

Debt Servicing. [Net Cash Flow / EBITDA ] to Debt Service Liability for [each month / financial quarter / financial half year / financial year] / [the [xx] month period ending on the last day of a {month / financial quarter / financial half year}] / [the period from the start of the financial year and ending on the last day of a {month / financial quarter / financial half year}] must be at least [xx] to 1. Interest Cover: EBITA [plus operating lease charges] to Borrowing Costs [plus operating lease charges] for [each month / financial quarter / financial half year / financial year] / [the [xx] month period ending on the last day of a {month / financial quarter / financial half year}] / [the period from the start of the financial year and ending on the last day of a {month / quarter / half year}] must be at least [xx] to 1. [Gross Leverage / Net Leverage]: [Gross Borrowings / Net Borrowings] to EBITDA for each [financial year] / [12 month period ending on the last day of a {month / financial quarter / financial half year}] must not exceed [xx] to 1. Minimum Net Tangible Assets: Net Tangible Assets on the last day of each [month / financial quarter / financial half year / financial year] must be at least £[xxxx]. Gearing: Gross Borrowings must not exceed [xx]% of Net Tangible Assets on the last day of each [month / financial quarter / financial half year / financial year].