Total Annual Debt Service means the sum of (i) the aggregate regularly scheduled debt service payments on the Portfolio Loan for the applicable time period, plus (ii) the aggregate regularly scheduled debt service payments (including principal and interest) on all other indebtedness (other than the STAG IV Indebtedness) secured by a lien on all or part of the Portfolio Properties for the applicable time period.

Total Annual Debt Service means, for any fiscal year (subject to clause (i) in the definition of Projected Maximum Total Annual Debt Service), total principal becoming due in such period and total interest expenses (including that portion attributable to capital leases) of the Authority in respect of all outstanding Proposition A Indebtedness.

Total Annual Debt Service for the Loan means, as of any date of determination, the greater of (A) the then outstanding principal amount of the Loan Amount times a loan constant of ten and nine-tenths percent (10.9%), which is a numerical factor defined by the Interest Rate and the applicable amortization schedule (based on the current month's Interest Rate multiplied by twelve (12)) and (B) the actual Loan debt service paid during the twelve (12) consecutive months prior to the date of such determination.

Examples of Total Annual Debt Service in a sentence

Kimmel turned to Scenario 4: County Issues Maximum $11.2 Million Total Annual Debt Service w/Fastest Payoff to Fund $57.3 Million for Government Center and Joint Training Facility with Extra $2.2 Million Capacity.
In Scenario 3: County Issues Maximum $11.2 Million Total Annual Debt Service (2019B extended to 2029) to Fund$57.3 Million for Government Center and Joint Training Facility with Extra $2.2 Million Capacity, the TCC amortization extends for a nine-year maximum period in order to allow the County to start amortizing the debt on the GC in 2021.
Kimmel said they took Scenario 1 and adjusted it in Scenario 2: County Issues Maximum $11.2 Million Total Annual Debt Service to Fund $53.7 Million for Government Center and Joint Training Facility with Extra $2.2 Million Capacity.
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES AND TRANSFERS IN TO TOTAL GENERAL FUND EXPENDITURES1 Fiscal Year Ended 6/30 Total Annual Debt Service Expenditures Total General Fund Expenditures And Transfers Out1 Does not reflect Overlapping Debt.
As used herein, "Debt Service Coverage Ratio" means the ratio of (x) Net Operating Income to (y) Total Annual Debt Service.

More Definitions of Total Annual Debt Service

Total Annual Debt Service means the aggregate of debt service payments for a 12 month period on the stated principal amount of the Loan, using an interest rate equal to the greater of (a) 4.25% per annum or (b) the 10-year US Treasury rate plus 2.00% (and assuming monthly payments of interest and principal based on an assumed amortization period of 30 years).

Total Annual Debt Service means the sum of (i) the aggregate dollar amount of principal and interest payments due under the Loan for the 12-month period preceding the date of the proposed Transfer; and (ii) the aggregate debt service payments (including principal and interest) of any other indebtedness secured by a lien on all or part of the Secured Property (i.e. other than the Loan, however, such Loan payments have been included in (i)) for the same time period; provided that the inclusion of (ii) in such calculation shall not be deemed State Farm’s consent or approval of any other indebtedness secured by a lien on all or part of the Secured Property.

Total Annual Debt Service means the aggregate debt service payments (including principal and interest) on the Note (or on the First Note and/or the Second Note and/or the Third Note (all as hereinafter defined), as the context may require) for the applicable time period. If Grantee elects not to make the proceeds available for the Work, then such proceeds shall be applied to reduce the Indebtedness in whatever order Grantee may elect. Any application of such proceeds to the principal indebtedness evidenced by the Note shall be at par and shall cause a pro rata reduction in payments of interest and, if applicable, principal, under the Note; provided, however, that if there exists an Event of Default, the prepayment fee as provided in the Note shall also be due. If during the last two loan years, Grantee applies insurance and/or Condemnation proceeds to pay down the Note, and provided no Event of Default then exists, Grantor shall have the option of prepaying the entire Note at par without any prepayment fee.

Total Annual Debt Service. With respect to a Project, the aggregate of debt service payments (principal and interest) during a twelve (12) month period under a mortgage style amortization of the original principal amount of such Project Loan, assuming (x) a per annum interest rate equal to 4.5%, and (y) monthly payments of principal and interest based on an amortization period of thirty (30) years.

Total Annual Debt Service means the sum of (i) the aggregate debt service payments (including principal and interest) on the loan for the applicable time period, plus (ii) the aggregate debt service payments (including principal and interest) on all other indebtedness secured by a lien on all or part of the Real Property for the applicable time period. Cornerstone Properties Inc., a Nevada corporation ("Cornerstone"), is the parent company of each of the general partners of Grantor. Notwithstanding the foregoing, the shares of Cornerstone that are publicly traded may be freely transferred.

Total Annual Debt Service means for each succeeding twelve month period scheduled Bond Service Charges to be paid during that period on all Outstanding Bonds reduced by an amount to be determined by assuming that the balance in the Program Reserve Fund were applied to redeem Outstanding Bonds.