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) (a) Interest Expense less (b) non-cash Interest Expense plus (ii) all payments of scheduled and overdue principal of, and premium, if any, on Indebtedness plus (iii) without duplication, all rental payments in respect of Capitalized Lease Obligations paid, accrued, or scheduled to be paid or accrued. "Non-Excluded Taxes" shall have the meaning ascribed to it subsection 5.16.

Net Debt Service has the meaning given to such term in Clause 19 (Financial covenants) of the Bridge Facility Agreement.

Examples of Net Debt Service in a sentence

• 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.

• In addition to Net Debt Service, Wholesale Customers will pay a proportionate share of annual administrative costs associated with Indebtedness, such as bond trustee fees, credit rating agency fees, letter of credit issuer fees, San Francisco Revenue Bond Oversight Committee fees, etc., but only to the extent such fees are neither paid from proceeds of Indebtedness nor included in SFPUC operation and maintenance or administrative and general expenses.

• The following table summarizes debt service requirements of the Senior Lien Sales Tax Revenue Bonds including the bonds issued on November 15, 2012.Year Ended September 30 Principal Interest Total Debt Service Build America Bonds tax credit Net Debt Service The annual debt service requirements for these bonds, before Build America Bonds tax credits, range from $223,075 in fiscal year 2018 to$119,292 in fiscal year 2049.

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

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 means the balance after deducting all revenues

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.

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, in respect of any Testing Period: