Examples of Scheduled Debt in a sentence
The Administrator is irrevocably authorized to pay the Scheduled Debt Payments to FFB on behalf of the Shipowner from the No-Call Prepayment Fund.
The Council is required to make an annual revenue charge, called the Scheduled Debt Amortisation or loans repayments, to reduce the CFR.
General Reserve Fund Release Test shall mean that, as of any date of calculation, Projected Available Cashflow in any Bond Year, is expected to be available in an amount at least equal to 120% of the amount necessary to pay all Scheduled Debt Service for all Subordinated NYCMWFA Bonds in such Bond Year, as determined by the Corporation and evidenced by an Officer’s Certificate.
A written certificate from an Accountant acceptable to the Administrator, calculating and certifying to the Administrator that the No-Call Prepayment Amount is sufficient to make all Scheduled Debt Payments as they fall due on the Prepaid No-Call Advances, including the full payment due on the Prepaid No-Call Advances on each No-Call Payment Date.
A performing loan will incur a cost of 5.8517 Scheduled Debt Service payments when becoming delinquent.