Quarterly Debt Service definition

Quarterly Debt Service means, with respect to a Scheduled Payment Date, the sum of the following amounts due on such Scheduled Payment Date in respect of the Senior Securities:
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Quarterly Debt Service has the meaning set forth in Section 9.1 hereof.
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Quarterly Debt Service or “Quarterly Senior Debt Service” means, as of any date, Senior Debt Service for the following Payment Period, as certified to the Trustee by Officer’s Certificate.
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Examples of Quarterly Debt Service in a sentence

  • Retention Release ratio is calculated by the Quarterly Debt Service multiplied by 7.5 added to the amounts retained in the Series account during the retention period.

  • Young Municipal Center 2 Woodward AvenueDetroit, MI 48226Re: Quarterly Debt Service and Pension Payment Reports for the Three Quarters ended March 31, 2018Dear Honorable City Council Members:The Office of the Chief Financial Officer (OCFO) respectfully submits its quarterly City of Detroit Debt Service and Pension Payment Reports for the Three Quarters ended March 31, 2018.

  • In addition, the Senior Notes have a Debt Service Reserve for US$31,094 equal to the Maximum Quarterly Debt Service.

  • To the extent that Quarterly Debt Service includes principal, interest or premium on Bonds or Notes to be purchased or redeemed prior to maturity, such Debt Service may be paid through the Redemption Account, and the Authority may by Officer’s Certificate direct the Trustee to transfer Revenues thereto, rather than to the Bond Account.

  • She reviewed our Quarterly Debt Service Report and the 1st quarter unemployment report which has an amount due of $8,000.

  • With respect to any reports for the months for the months ending June 30 or December 31, the Borrower shall also include a calculation of the Liquidity Covenant for such Evaluation Date and with respect to the reports for the months end March 31, June 30, September 30 and December 31, commencing September 30, 2016, the Borrower shall also include a calculation of the Quarterly Debt Service Coverage Ratio.

  • On the first day of the second month of each Collection Quarter, the Trustee shall resume or continue such transfers until Quarterly Debt Service is held in the Bond Account.

  • If the Member State or the designated competent authority concerned does not comply with this request within a period of four weeks, a final decision shall be taken expeditiously in accordance with the procedure referred to in Article 30(2).

  • Hence, questions of legality will be assessed in relation to the legal basis of CFSP acts, and in particular, the choice of legal basis and the possibility of combining CFSP and other legal bases for acts covering both CFSP and other external policies.This focus on questions regarding legal basis does not aim to deny the broader scope of the concept of legality.

  • Young Municipal Center 2 Woodward AvenueDetroit, MI 48226Re: Quarterly Debt Service and Pension Payment Reports for the Four Quarters ended June 30, 2018Dear Honorable City Council Members:The Office of the Chief Financial Officer (OCFO) respectfully submits its quarterly Debt Service and Pension Payment Reports for the Four Quarters ended June 30, 2018.


More Definitions of Quarterly Debt Service

Quarterly Debt Service means the sum of (x) Debt Service in respect of Indebtedness under this Agreement for the relevant fiscal quarter and (y) the Commitment Fees payable in respect of such fiscal quarter. .
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Quarterly Debt Service means, on any relevant day, the sum determined by the Agent in its sole discretion to be the total amount of principal and interest that will fall due under this Agreement in the three (3) month period commencing on such day;
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Related to Quarterly Debt Service

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Debt Service means, with respect to any particular period of time, scheduled principal and interest payments under the Note.

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which: