Total Annual Debt Service definition

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. 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, 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 C Indebtedness.

Examples of Total Annual Debt Service in a sentence

• Debt service reserves for tax-supported debt shall not exceed a three-month reserve of the current year total debt service expenditure budget (i.e. Total Annual Debt Service Budget/12 month x 3 months).

• The concrete shall be properly compacted throughout the full extent of each layer so as to produce a concrete that is uniformly plastic, dense, free of all entrapped air and the finished work shall be a dense and uniform mass free of voids, segregation, honeycombing and showing a uniform face as specified when the forms are removed.

• 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.

• The remaining 19% is liquidated by other governmental funds and internal service funds.E. Total Annual Debt Service RequirementsAccrued compensated absences, claims and judgments, landfill closure and postclosure care, pension liability, other postemployment benefit liability, and intergovernmental payable are excluded from this tabulation.

• While Fitch is maintaining a rating on any series of Bond Fund Bonds the State will maintain a ratio of Total Annual Cash Flows to Total Annual Debt Service of not less than 1.20:1, unless Fitch agrees that maintenance of that ratio at less than 1.20:1 will not result in a reduction of the rating then presently in effect.

More Definitions of Total Annual Debt Service

Total Annual Debt Service means the sum of:

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.

Total Annual Debt Service means the aggregate debt service payments for the applicable twelve (12) month period (for which NOI is calculated in connection with the determination of the Debt Service Coverage Ratio) on the Loan and all other indebtedness secured, or to be secured, by any part of the Property; and “Loan to Value Ratio” shall mean the ratio, as reasonably determined by Xxxxxx, of (a) the aggregate principal balance of all encumbrances against the Property to (b) the fair market value of the 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 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.

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 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.