Senior Debt Service definition

Senior Debt Service means the aggregate, for any period of calculation, of all scheduled repayments of principal and all interest and fees (other than fees payable in connection with the entering into of the Senior Loan Agreements) paid or due and owing in such period under or in respect of the Senior Loans.

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Senior Debt Service means, for any Fiscal Year, the amounts required to be paid pursuant to any Senior Debt Instrument.

Senior Debt Service means for any period of twelve consecutive months the sum of Bond Debt Service and Parity Debt Service during the period.

Examples of Senior Debt Service in a sentence

If on any Debt Service Payment Date for a Series of Senior Bonds the amount accumulated in the Senior Debt Service Fund for any of the purposes specified above calculated with respect to all Senior Bonds then Outstanding exceeds the amount required therefor, the amount of such excess shall thereupon be transferred to the Revenue Fund.
In the event that the Borrower has funded the Senior Debt Service Reserve Account using Non-Fronted Letters of Credit from each Issuing Bank, the Collateral Agent hereby agrees (without the need for any further action or instruction from any Senior Creditors) to draw on such Non-Fronted Letters of Credit only on a pro rata basis as notified by the Borrower to the Collateral Agent or, failing such notification, as provided to the Collateral Agent by the Credit Facility Agent on request.
Amounts in the Senior Debt Service Reserve Account shall be made available to ensure the timely payment of Senior Debt Service on the Senior Obligations and amounts in the TIFIA Debt Service Reserve Account shall be made available to ensure the timely payment of TIFIA Debt Service on the TIFIA Loan.
The applicable Redemption Price or principal amount (in the case of maturing Bonds) of any Senior Bonds so purchased or redeemed shall be deemed to constitute part of the Senior Debt Service Fund until such Sinking Fund Payment date for the purpose of calculating the amount of such Fund.
The money in the Bond Account shall be held in trust and, except as otherwise provided, shall be applied solely to the payment of Senior Debt Service.

More Definitions of Senior Debt Service

Senior Debt Service means Debt Service as such term is defined in the 1999 Installment Purchase Agreement, which definition is incorporated herein by reference.

Senior Debt Service means, for any period, as of any date of calculation, an amount equal to the sum of all Debt Service in respect of the Senior Obligations, accruing and payable during such period as set forth in the most recent Revised Financial Model (or in the Base Case Financial Model to the extent that no Revised Financial Model has been prepared). In determining the principal amount of Senior Obligations due in such period (unless a different subsection of the definition of “Debt Service” applies for purposes of determining principal maturities or amortization), payment shall be assumed to be made in accordance with any amortization schedule established for such Senior Obligations, including any scheduled redemption of Senior Obligations on the basis of Accreted Value and for such purpose the redemption payment shall be deemed a principal payment.

Senior Debt Service means, for any applicable period, the sum of (i) the aggregate amount of interest accrued by the Companies during such period in respect of the Senior Debt and (ii) the principal portion of the Senior Debt payable during such period, determined in accordance with GAAP.

Senior Debt Service means the sums incurred by THD Maritime (as borrower) in respect of the payment of principal of, and accrued interest pursuant to the Senior Facility Agreement from time to time;

Senior Debt Service means interest, redemption premium, purchase price to the extent provided by Officer’s Certificate, Sinking Fund Requirements and (without duplication) principal payments due on or on account of Outstanding Senior Bonds and (to the extent provided by Series Resolution) Notes, and amounts payable from the Bond Account on Senior Agreements. Principal of Notes and termination payments on swap contracts shall be deemed Debt Service only to the extent expressly specified in the text of a Series Resolution.

Senior Debt Service means, with respect to the Senior Secured Obligations, for any period, as of any date of calculation, an amount equal to the sum of all principal and interest and fees with respect to the Senior Secured Obligations accruing and payable in respect of such period, as set forth in the most recent Revised Financial Model. In determining the principal amount of Senior Secured Obligations due in such period, payment shall be assumed to be made in accordance with any amortization schedule established for such Senior Secured Obligations.

Senior Debt Service during any period, all payments of principal, interest, premium, fees and other charges with respect to Borrower's Obligations, Guarantors' Obligations and Permitted Senior Indebtedness which are due and payable during such period, but excluding the Loan Fees and any Prepayment Premium.