Quarterly Debt Service definition

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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Quarterly Debt Service has the meaning set forth in Section 9.1 hereof.
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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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Examples of Quarterly Debt Service in a sentence

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

  • All such principal, interest and other amounts due during any Interest Period are referred to herein as the "Quarterly Debt Service" for such Interest Period.

  • Unless previously redeemed, converted or cancelled, the Promissory Certificates will be redeemed at their principal amount in accordance with Clause 7.8 (Company Ordinary Quarterly Debt Service) and by no later than the Maturity Date.

  • See Cabasug, 2013 WL 6212151, at *6 (emphasizing that in asbestos cases, courts should not apply tests “by rote,” but must instead examine “the particular facts presented”).

  • The “Non-Affiliate Debt Service Coverage Ratio” means, with respect to any Quarterly Reporting Period, the ratio of: (a) the aggregate amount of Tested Collections during such Quarterly Reporting Period to (b) the Maximum Quarterly Debt Service determined as of the end of such Quarterly Reporting Period (with respect to the Series 2006-A Debt Service Coverage Tests calculated as if no Loan funded from the proceeds of a Subordinated Series (and such Series) were outstanding).

  • 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.

  • Genetic divergence estimates were calculated using the Poisson corrected model in MEGA7.

  • Unless previously redeemed, converted or cancelled, the Promissory Certificates will be redeemed at their Principal Amount in accordance with Clause 7.7 (Company Ordinary Quarterly Debt Service) and by no later than the Maturity Date.

  • At March 31, 2018, OPS did not meet their Quarterly Debt Service Coverage Ratio with Vectra.

  • In addition, the Senior Notes have a Debt Service Reserve for US$ 32,537 equal to the Maximum Quarterly Debt Service.


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

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

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • 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.