Project Debt Service means, for any period, all accrued interest and principal payments during such period for the Consolidated Operating Projects. Any principal payments made due to refinancing shall be excluded.
Project Debt Service means, with respect to any period, that portion of the Debt Service to be paid during such period that is allocated to the Purchasers specially benefited by an expansion or improvement of the System in proportions different from their Entitlement Shares.
Project Debt Service means all scheduled debt service on the Bond during the period in question, including all interest and scheduled principal payments.
Examples of Project Debt Service in a sentence
The Debt Service paid by all Purchasers (referred to in this document as System Debt Service) will not be increased to pay the costs of a project financed with Bonds where the project benefits only certain Purchasers (referred to in this document as Project Debt Service) notwithstanding any incidental benefit that may accrue to other water purchasers.
More Definitions of Project Debt Service
Project Debt Service means, with respect to any Stabilized Project for the Applicable Period ending on the date of computation thereof, the interest expense of the Borrower with respect to the Project Outstandings of such Stabilized Project for such Applicable Period.
Project Debt Service means, for any period, the sum of all scheduled interest, scheduled principal, premiums (if any) and scheduled fees paid or payable during such period in respect of all Debt of the Portfolio Companies and the Project SPEs, including without limitation the Obligations and debt service for any Debt permitted pursuant to Section 6.2(d).
Project Debt Service means, for any period, all accrued interest and principal payments and fees and premiums, if any, during such period for the Consolidated Operating Projects. Any principal payments made due to refinancing shall be excluded.
Project Debt Service means all scheduled debt service on the Bonds during the period in question, including all interest and scheduled principal payments.
Project Debt Service means, for any period, the sum of all regularly scheduled payments due any Senior Lender with respect to the Senior Debt and any junior lender with respect to any Junior Debt (including without limitation, principle, interest, and interest rate hedging fees) with such changes in the definition of such term for the purposes of this Agreement as are set forth in the Financing Documents for the Senior Debt or Junior Debt, as applicable; which changes Southwestern shall approve, such approval not to be unreasonably withheld.
Project Debt Service is hereby added to Section 1.1 of the Alterra Guaranty Agreement and shall read as follows:
Project Debt Service means, as of any date for the four fiscal quarter period ending on such date, with respect to any Facility, the principal and interest payments which would be due and payable during such four fiscal quarter period (assuming (A) a mortgage style amortization schedule for a loan equal to 75% of such Facility's value (as determined pursuant to an independent appraisal from an appraiser) with a term of twenty-five years and (B) an interest rate equal to the greater of (a) 7.5% per annum and (b) the then applicable Treasury Rate plus 2.00% per annum).