Funded Debt Service means, in respect of any fiscal period, without duplication: (i) the aggregate amount of Interest paid or payable in respect of the Funded Debt of the Borrower on a consolidated basis in respect of such fiscal period (but for greater certainty, excluding any Interest which is capitalized and not paid or payable during such fiscal period); plus (ii) the aggregate amount of scheduled principal payments and scheduled Capital Lease payments paid or payable in respect of the Funded Debt of the Borrower on a consolidated basis in respect of such fiscal period (except the portion of any final payment due in respect of such Funded Debt which constitutes a "balloon payment" and any amount paid in connection with the exercise of an option to purchase equipment under a Capital Lease).
Funded Debt Service means, in respect of any fiscal period, without duplication: (i) the aggregate amount of Interest paid or payable in respect of the Funded Debt of a Person on a consolidated basis in respect of such fiscal period (but for greater certainty, excluding any Interest which is capitalized and not paid or payable during such fiscal period); plus (ii) the aggregate amount of scheduled principal payments and scheduled Capital Lease payments paid or payable in respect of the Funded Debt of such Person on a consolidated basis in respect of such fiscal period, except the portion of any final payment due in respect of such Funded Debt which constitutes a "balloon payment" and any amount paid in connection with the exercise of an option to purchase equipment under a Capital Lease.
Funded Debt Service means, at any time, on a consolidated basis, (i) the aggregate amount of interest and other fees and expenses paid in respect of Funded Debt in respect of the immediately preceding twelve (12) month period plus, (ii) the aggregate amount of payments (except with respect to any principal portion thereof) which are scheduled to be made in respect of capital leases in the following twelve (12) month period;
Examples of Funded Debt Service in a sentence
The Company shall not permit its ratio of Consolidated Net Income plus depreciation, amortization and other non-cash expenses to Funded Debt Service (as defined below) for each 12-month period ending on the last day of each of its fiscal quarters to be less than 1.15 to 1.00.
More Definitions of Funded Debt Service
Funded Debt Service. Means, with respect to Borrower and the Consolidated Subsidiaries, for any period, the sum of (a) the aggregate of all principal and interest payments and repurchase or redemption payments required or scheduled to be made during such period with respect to Funded Debt, (b) interest payments required to be made during such period with respect to Indebtedness under this Agreement and (c) Preferred Dividends accruing or payable during such period.
Funded Debt Service means, in respect of any fiscal period, without duplication: (i) the aggregate amount of Interest paid or payable in respect of the Funded Debt of Tucows Inc. on a consolidated basis in respect of such fiscal period (but for greater certainty, excluding any Interest which is capitalized and not paid or payable during such fiscal period); plus (ii) the aggregate amount of scheduled principal payments and scheduled Capital Lease payments paid or payable in respect of the Funded Debt of Tucows Inc. on a consolidated basis in respect of such fiscal period, except the portion of any final payment due in respect of such Funded Debt which constitutes a “balloon payment” and any amount paid in connection with the exercise of an option to purchase equipment under a Capital Lease.
Funded Debt Service means, for any period, the amount in Dollars which will be necessary in order to pay in full all principal of and interest and other amounts accruing in respect of Funded Indebtedness which (in the case of all such principal, interest or other amounts) have, are scheduled to, or otherwise are reasonably expected to, become due and payable during that period.
Funded Debt Service means, at any time, (i) the aggregate amount of interest and fees paid in respect of Funded Debt in respect of the immediately preceding twelve (12) month period: plus (ii) the aggregate amount of scheduled principal payments and scheduled capital lease payments in respect of Funded Debt in the immediately preceding twelve (12) month period (except the portion of any final payment due in respect of Funded Debt which the Lenders consider to be a "balloon payment");
Funded Debt Service means, for any period, the amount in Dollars (which, ------------------- except as provided below, in the case of any Tranche B Gold Loan or any interest or other amount accruing thereon, shall be the Dollar equivalent thereof calculated at the relevant Loan Base Price with respect to such Tranche B Gold Loan), which will be necessary in order to pay in full all principal of and interest (after taking into account all Interest Rate Protection Agreements in effect during such period which shall have been shown, to the satisfaction of the Administrative Agent, to provide hedging in respect of any relevant interest payments) and other amounts accruing in respect of all Loans which (in the case of all such principal, interest or other amounts) are scheduled to become due and payable during such period (or, in the case of any determination of Funded Debt Service used in the computation of Consolidated Operating Costs for the purposes of calculating Historical Net Cash Flow for any period, such amount which was actually paid during such period and, to the extent any such Funded Debt Service is made up of Tranche B Gold Loans, calculated on the basis of the Dollar equivalent thereof as at the date of payment).
Funded Debt Service contained in Section 1.01 thereof, are amended in their entirety to read as follows, respectively:
Funded Debt Service as of the end of any fiscal quarter means the sum of (i) scheduled payments of interest and principal due on any Debt of the Company or any Subsidiary (excluding for this purpose deposits) having an original term of one year or more (other than Debt owed to the Company or any Wholly Owned Subsidiary) during the 12-month period ending or the last day of such fiscal quarter, plus (ii) the aggregate amount of the last four quarterly dividends paid by the Company.