Maximum Annual Debt Service definition

Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

Maximum Annual Debt Service means, for any Fiscal Year, the greatest Annual Debt Service for the then-current or any succeeding Fiscal Year.

Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year, including the Bond Year the calculation is made.

Examples of Maximum Annual Debt Service in a sentence

• The Net Pledged Revenues for any 12 consecutive months out of the 18 months preceding the month in which such proposed Parity Bonds are to be issued are at least equal to the sum of 125% of the Combined Maximum Annual Debt Service Requirements of the Outstanding Bonds, all Outstanding Parity Bonds and such additional Parity Bonds proposed to be issued.

• See Assessment Table.(1) Maximum Annual Debt Service less Prepaid Assessments received.

• The Reserve Requirement, as of any date of calculation, is equal to the lesser of the (1) Maximum Annual Debt Service on the Refunding Bonds (2) 125% of the average Annual Debt Service on the Refunding Bonds, or (3) 10% of the original principal amount of the Refunding Bonds.

• Series 2018A-2 (AA1) Allocation of Maximum Annual Debt Service (NET MADS) Table 3.

• The Reserve Requirement is an amount equal to the lesser of (i) 125% of the average annual debt service, (ii) Maximum Annual Debt Service, or (iii) 10% of the net proceeds of the Authority Bonds.

More Definitions of Maximum Annual Debt Service

Maximum Annual Debt Service means the maximum amount of Debt Service due on System Obligations in a Fiscal Year during the period commencing with the Fiscal Year for which such calculation is made and within the next five years in which Debt Service for any System Obligations will become due. "Net Revenues" means, for any Fiscal Year, all Revenues received by the Recipient less the Operations and Maintenance Costs for such Fiscal Year.

Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

Maximum Annual Debt Service means the maximum amount of Debt Service due on System Obligations in a Fiscal Year during the period commencing with the Fiscal Year for which such calculation is made and within the next five years in which Debt Service for any System Obligations will become due.

Maximum Annual Debt Service means as of any date of calculation the highest principal and interest payment requirements with respect to all Outstanding Bonds for any succeeding Bond Year except the Bond Year in which the Bonds mature and the year in which any mandatory tender for purchase of the Bonds occurs.

Maximum Annual Debt Service means the maximum sum obtained for any Bond Year prior to the final maturity of the Bonds and any Parity Bonds by adding the following for each Bond Year:

Maximum Annual Debt Service means Maximum Annual Debt Service as defined in Resolution No. 86R-490 of the City Council.

Maximum Annual Debt Service means, as of the date of calculation, the highest aggregate annual debt service requirements and debt service payable on the Bonds during the current or any succeeding Fiscal Year over the remaining term of the Bonds.