Project Debt Service definition

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 all scheduled debt service on the Bond during the period in question, including all interest and scheduled principal payments.

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.

Examples of Project Debt Service in a sentence

• Out of the revenues in the Project Revenue Account, there shall be set aside no later than the 25th day of each month into the account designated Project Debt Service Account, a sum sufficient to provide for the payment as the same become due of the next maturing principal of, interest and Administrative Surcharge on the Revenue Bonds and any reserve determined by the City’s governing body to be necessary.

• If at any time there shall exist any default in making any periodic transfer to the Project Debt Service Account, the Common Council shall authorize the City Finance Officer to rectify such default so far as possible by the transfer of money from the Project Surplus Account.

• If at any time there shall exist any default in making any periodic transfer to the Project Debt Service Account, the Common Council shall authorize the Finance Officer to rectify such default so far as possible by the transfer of money from the Project Surplus Account.

• Out of the revenues in the Project Revenue Account, there shall be set aside no later than the 25th day of each month into the account designated Project Debt Service Account, a sum sufficient to provide for the payment as the same become due of the next maturing principal, interest and Administrative Surcharge on the Revenue Bonds and any reserve determined by the City’s governing body to be necessary.

• Out of the revenues in the Project Revenue Account, there shall be set aside no later than the 25th day of each month into the account designated Project Debt Service Account, a sum sufficient to provide for the payment as the same become due of the next maturing principal of, interest and Administrative Surcharge on the Revenue Bonds and any reserve determined by the Town’s governing body to be necessary.

More Definitions of Project Debt Service

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, 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 Bonds during the period in question, including all interest and scheduled principal payments.

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. As used herein, "Project Debt Service" shall -------------------- mean the sum of (a) all payments of interest and other charges which must be made by Borrower during a particular period in respect of the Loan, plus (b) all payments of principal, interest, and other charges which must be made by the Borrower during such period in connection with all other indebtedness of the Borrower secured by the Project or revenues therefrom.

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).