Facility Debt Service means, as of any specified date, the sum of:
Facility Debt Service does not include any amounts payable by reason of involuntary prepayments or the acceleration of such indebtedness for any reason.
Facility Debt Service means, as of any date, for all purposes other than determining the Strike Rate, the sum of the amount of interest and principal amortization that would be payable during the applicable period determined by Lender immediately succeeding the date of determination, except that:
Examples of Facility Debt Service in a sentence
The Ft. Bayard Medical Facility Debt Service is not budgeted because funds are managed at the State level.
Notwithstanding the characterization assigned to the payments under this Section 2.5.5, such payment obligation shall be deemed interest payable under the Agreement for the purpose of calculating the Facility Debt Service.
Guarantor and Borrower shall at all times maintain cash and Cash Equivalents in an amount not less than an amount that equals six (6) months of Facility Debt Service based upon the actual Outstanding principal amount of Advances calculated for the prior six (6) month period.
Athletic Facility Debt Service, Leases, and Rental Fees• We obtained a listing of debt service schedules, lease payments, and rental fees for athletics facilities for the Reporting Period.
Within the Bond Fund, the Trustee shall establish and maintain a separate account designated as the "Credit Facility Debt Service Account".
More Definitions of Facility Debt Service
Facility Debt Service means, as of any specified date, the amount of interest and principal amortization, during the 12 month period immediately succeeding the specified date, with respect to the DMBS Loans Outstanding on the specified date, except that, for these purposes, each DMBS Loan shall be deemed to require level monthly payments of principal and interest (at the Coupon Rate for the DMBS Loan) in an amount necessary to fully amortize the original principal amount of the DMBS Loan over the Amortization Period, with such amortization deemed to commence on the first day of the 12 month period;
Facility Debt Service means scheduled payments of the principal and interest with respect to:
Facility Debt Service means, for the purposes of this Agreement, the sum of (i) the Hedge Adjusted Interest Due, (ii) the amounts, if any, payable under Section 2.5.5, (iii) the Credit Enhancement Fee payable under Section 4.5.3, and (iv) the first twelve (12) principal payments based on the amortization of the then outstanding principal balance of the Loan utilizing a thirty (30) year fully amortizing schedule and level monthly payments, and using a coupon rate equal to the quotient resulting from dividing the Hedge Adjusted Interest Due by the then outstanding principal balance of the Loan. The Hedge Adjusted Interest Due and Facility Debt Service shall be annualized at the time of determination notwithstanding the duration of any Interest Period or the duration of any Qualifying Rate Cap Agreement or Qualifying Rate Swap Agreement. Facility Debt Service shall be recalculated (a) as of each Loan Request, (b) as of each Renewal Request, or deemed renewal under Section 3.3.3, (c) on or before July 1 of each calendar year during the term of this Agreement, commencing on or about July 1, 2007, (d) as of each addition or deletion of a property to or from the Collateral Pool, (e) as of each repayment of any principal portion of the Loan, (f) upon the expiration termination, replacement, or other modification of any Qualifying Rate Cap Agreement or Qualifying Rate Swap Agreement, and (g) upon the occurrence of a Material Adverse Change. The calculation of Facility Debt Service is made for purposes of computing the Facility Debt Service Coverage Ratio and for other purposes under this Agreement and not for purposes of calculating the interest payable hereunder or under the Revolving Credit Note. The interest payable under the Revolving Credit Note and this Agreement is payable at the rates and at the times provided in Section 3 and Section 4 hereof.
Facility Debt Service means, as of any specified date, the sum of: ---------------------
Facility Debt Service means the aggregate of:
Facility Debt Service set forth in Schedule 1 to the Master Agreement is hereby amended and restated in its entirety as follows:
Facility Debt Service means — For use in determining the Aggregate Debt Service Coverage Ratio, for purposes of determining compliance with the Coverage and LTV Tests, and in connection with the underwriting of any substitution, release or conversion, the sum of: the amount of interest and principal amortization, during the twelve (12) month period immediately succeeding the specified date, with respect to the amount of the Term Loan Outstanding and Supplemental Loan Outstanding (if any) on the specified date, except that, for these purposes: