Net Debt Service definition

Net Debt Service means, in respect of any Relevant Period, the aggregate of:
Net Debt Service means the sum of (i)
Net Debt Service means the balance after deducting all revenues

Examples of Net Debt Service in a sentence

  • Differences between the amount of Net Debt Service paid by Wholesale Customers prior to that year and the amount of Net Debt Service that they should have paid during that time based on the actual expenditure of proceeds will be taken into account in calculation of the balancing account for the fiscal year in which the proceeds were Substantially Expended.

  • The application of the remaining proceeds shall be proportionate to the allocation of the Net Debt Service to New Regional Assets.

  • The resulting allocation of Net Debt Service to New Regional Assets for a series of bonds will be used in the fiscal year in which the proceeds have been Substantially Expended and thereafter.

  • The Issuer shall, as long as any Bond remains outstanding, ensure that the Debt Service Cover Ratio on each testing date shall be equal to or shall exceed 1.2.For the avoidance of doubt, the Debt Service Cover Ratio will not be considered to be breached on a testing date if in relation to the Annual Relevant Period immediately preceding such testing date the Net Debt Service is negative or equal to zero.

  • Discussion ensued about the financing plan, which will convert prior unspent tax exempt proceeds to new project funds for Series A and B bonds, and refund of Series 2015 A bonds, which result in and the estimated Net Debt Service and savings.


More Definitions of Net Debt Service

Net Debt Service means the total payments of principal and interest on the District Bonds, less the amounts that are paid from funds held by the District Bond Trustee as capitalized interest and reserve funds, including interest earnings on any such funds.
Net Debt Service means, in relation to a financial year, an amount equal to the aggregate of all interest payable on the Issuer’s obligations under and in connection with the Class A Bonds, the Class B Bonds and the Class R Bonds (together “Senior Bonds”), DCC’s obligations under and in connection with the DCC Finance Leases and any other senior debt of any member of the Glas Group during such financial year less all indexation on any such liabilities to the extent included in the interest payable on such liabilities during such financial year, all interest receivable by any member of the Glas Group from a third party during such financial year except to the extent included in Net Cash Flow and excluding amortisation of the costs of issue of any Senior Bonds for such financial year.
Net Debt Service has the meaning given to such term in Clause 19 (Financial covenants) of the Bridge Facility Agreement.
Net Debt Service has the meaning given to such term in Clause 24.1 (Financial covenants).
Net Debt Service means Debt Service net of capitalized interest, and/or interest earnings from funds and reserves irrevocably deposited with the Trustee for the payment of Debt Service.
Net Debt Service means actual principal and interest payments on all bonds issued by the Board or the Authority to pay for the District Project less investment earnings credited to such payments under the terms of the agreements of trust for such bonds.
Net Debt Service means, for purposes of determining the Debt Service Coverage Ratios under Section 7.33 of the Indenture and Section 2.18.9 of the Management Agreement, and for purposes of determining whether a Performance Standard under Section 4.5 of the Management Agreement has been met, (a) with respect to the First Tier Bonds, Debt Service on the First Tier Bonds less actual and anticipated investment earnings on amounts held in the First Tier Debt Service Reserve Fund, and (b) with respect to the Second Tier Bonds, Debt Service on the Second Tier Bonds less actual and anticipated investment earnings on amounts held in the Second Tier Debt Service Reserve Fund; provided that for purposes of calculating Net Debt Service, interest earnings shall be assumed only with respect to interest anticipated from guaranteed investment contracts.