Maximum Annual Debt Service Requirements definition

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the Securities for which such computation is being made in any Bond Year beginning with the Bond Year in which Debt Service Requirements of such Securities are first payable after the computation date and ending with the Bond Year in which the last of the Debt Service Requirements are payable.

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the securities for which such computation is being made in any Fiscal Year beginning with the Fiscal Year in which Debt Service Requirements of such securities are first payable after the computation date and ending with the Fiscal Year in which the last of the Debt Service Requirements are payable.

Maximum Annual Debt Service Requirements means the maximum aggregate amount of Debt Service Requirements (excluding redemption premiums) due on the Bonds or any portion thereof in any Bond Year beginning with the Bond Year in which Debt Service Requirements of the Bonds or any portion thereof are first payable after the computation date and ending with the Bond Year in which the last of the Debt Service Requirements are payable.

Examples of Maximum Annual Debt Service Requirements 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.

• In the event that, according to such calculation, the Net Pledged Revenues received in any Fiscal Year are less than 1.35 times such Maximum Annual Debt Service Requirements, the Enterprise shall, immediately upon the filing thereof, commence funding the Debt Service Reserve Fund monthly so that no later than twenty-four (24) months after the date of such filing, the amount accumulated in the Debt Service Reserve Fund is equal to the Reserve Requirement.

• Analogously, SUpdRcv simulates UpdRcv'.Definition 5 (Simulation Anonymity).

• No later than the last day of February in each year, the Treasurer shall calculate the coverage of the Net Pledged Revenues received during the preceding Fiscal Year over the Maximum Annual Debt Service Requirements of the Senior Debt, the Bonds and any ParitySecurities then Outstanding.

• The Combined Maximum Annual Debt Service Requirements for all Senior Debt, the Bonds, any Parity Bonds and the proposed Additional Parity Bonds which will be Outstanding immediately after the authentication and delivery of such proposed Additional Parity Bonds.

More Definitions of Maximum Annual Debt Service Requirements

Maximum Annual Debt Service Requirements means the greatest requirements of Annual Debt Service Requirements (taking into account all mandatory principal redemption requirements) scheduled to occur in any future Fiscal Year or in the then current Fiscal Year for the particular obligations for which such calculation is made. Capitalized interest payments provided from Debt proceeds, accrued interest on any Debt, and interest earnings thereon shall be excluded in making such computation.

Maximum Annual Debt Service Requirements means the greatest requirements of

Maximum Annual Debt Service Requirements means, as of any date of calculation, the maximum Estimated Debt Requirements estimated for a current or future calendar year period during the term of the Loan.

Maximum Annual Debt Service Requirements means the greatest requirements of Annual Debt Service Requirements (taking into account all mandatory principal redemption requirements) scheduled to occur in any future Fiscal Year or in the then current Fiscal Year for the particular obligations for which such calculation is made. Capitalized interest payments provided from Bonds Similarly Secured proceeds, accrued interest on any Bonds Similarly Secured, and interest earnings thereon shall be excluded in making such computation.

Maximum Annual Debt Service Requirements means the maximum aggregate amount of payments of principal and interest due with respect to the bonds for which such computation is required in any one fiscal year. In making such computations the principal of any bonds for which mandatory redemptions are scheduled shall be treated as maturing in accordance with such schedule of mandatory redemptions.

Maximum Annual Debt Service Requirements means the largest total Debt Service Requirements for any Fiscal Year and each subsequent Fiscal Year in which Indebtedness of the Obligated Group is Outstanding; provided however that for the Historical Debt Service Coverage Ratio, the principal amount due on the Series 2021 Obligation at maturity shall not be included in such calculation.

Maximum Annual Debt Service Requirements means, as of the date of calculation, the largest amount of annual Bond Service Charges payable during the then current or any succeeding Fiscal Year over the remaining term of all Bonds issued and outstanding under the Indenture.