divided by definition
divided by. C" where:
divided by. B" multiplied by "C" where:
divided by. Annual Debt Service". "Net Operating Income" shall be equal to annual operating revenues less annual operating expenses. "Annual Debt Service" shall be equal to annual interest and principal payments paid during the year, but shall exclude any balloon payment required to be made on any loan during the year.
More Definitions of divided by
divided by. Debt Service: sum of all scheduled interest and principal payments paid in cash for the Defined Period (including that portion attributable to Capital Leases in accordance with GAAP), on account of long-term Indebtedness of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP (excluding (a) revolving loans incurred under the MidCap Revolving Credit Agreement and (b) net payments (less net credits) under Hedging Transactions to the extent such net payments are allocable to such Defined Period in accordance with GAAP, whether or not paid in cash during such Defined Period), and calculated net of interest income of Borrower and its Subsidiaries received in cash D. $