Forecast Debt Service definition
Forecast Debt Service. ’ means, at any date, the amount, determined by BC Ferries, acting reasonably and using reasonable assumptions, equal to the sum of the Gross Interest Obligations and Principal Reduction Amount for a particular Series of Bonds or for all Obligation Bonds, as the context may require, for such period as the context may require.
Forecast Debt Service has the meaning given to it in the definition of “Offshore Cash Required Amount”.
Forecast Debt Service means, at any date, the amount, determined by BC Ferries, acting reasonably and using reasonable assumptions, and set out in an Officer’s Certificate pursuant to Section 4.1, of the sum of the Gross Interest Obligations and the Principal Reduction Amount for a particular Series of Bonds or for all Obligation Bonds, as the context may require, for such period as the context may require, ending on the date specified in such Officer’s Certificate.