Unsecured Debt Service definition

Unsecured Debt Service means, for a given period, Debt Service for such period, with respect to Unsecured Indebtedness of the Borrower and its Subsidiaries.

Unsecured Debt Service means, for any date of calculation and for any Measurement Period ending on or next preceding such date, actual interest and principal paid on Unsecured Debt during such Measurement Period.

Unsecured Debt Service means, for any calendar quarter, the interest actually payable (or accrued) on the Loans and all other Unsecured Debt.

Examples of Unsecured Debt Service in a sentence

Borrower shall not permit the ratio of Unencumbered Net Operating Income for the then most recently completed Fiscal Quarter to Unsecured Debt Service for the then most recently completed Fiscal Quarter to be less than 2.0:1.
Permit the Unsecured Debt Service Coverage Ratio, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be equal to or less than 1.75 to 1.0.
As of the last day of each calendar quarter and as of the date of any sale or secured financing of any Unencumbered Asset Pool Property, the ratio of (i) Unencumbered Asset Pool Net Operating Cash Flow to (ii) Unsecured Debt Service will not be less than 1.75:1.0.
Permit the Unsecured Debt Service Coverage Ratio, as of any date, to be less than 2.00 to 1.00.
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Unsecured Debt Service means Debt Service payable in respect of Unsecured Debt.

Unsecured Debt Service means, as of any date of determination, implied annual debt service, including all interest and all scheduled principal amortization payments, accrued, whether or not payable or paid, with respect to that portion of Consolidated Total Indebtedness attributable to Unsecured Indebtedness utilizing the higher of (a) the actual interest rate or (b) 5.50%.

Unsecured Debt Service means, at any time of determination, the Interest Expense (without giving effect to clause (b) of the definition thereof) in respect of all Reference Debt (including all Loans hereunder) for the two consecutive fiscal quarter period most recently ended.

Unsecured Debt Service means, for a given period, all Fixed Charges of the Borrower and its Subsidiaries for such period payable in respect of any Unsecured Indebtedness.

Unsecured Debt Service means, as of any date, an imputed annual amount of interest that would be due on the outstanding amount of Unsecured Indebtedness as of the last day of the most recent fiscal quarter of Borrower for which financial results have been reported calculated at the interest rate applicable to such Unsecured Indebtedness as of such last day (using the LIBOR Rate and LIBOR Applicable Margin in effect on such last day for purposes of calculating interest on the Facility Outstandings).

Unsecured Debt Service means, as of any date, the hypothetical annual debt service on all Unsecured Indebtedness (including any amounts outstanding hereunder plus issued but unfunded letters of credit) using a 25-year amortization schedule and an interest rate that is the greater of (a) six and one-half percent (6.5%) and (b) the most-recent rate published on such date in the United States Federal Reserve Statistical Release (H.15) for ten-year Treasury Constant Maturities plus two and one-half percent (2.5%).

Unsecured Debt Service means, as of any date, an imputed annual amount of principal and interest that would be due on a principal amount equal to all Unsecured Indebtedness outstanding on such date (including without limitation all reimbursement obligations on account of Facility Letters of Credit and other letters of credit then outstanding) if such principal amount were a fully amortizing loan with equal monthly payments of principal and interest over a period of thirty years at a per annum interest rate equal to the greater of (a) 7.00% and (b) the sum of (i) the then current yield on obligations of the United States Treasury having the closest maturity date to the tenth (10th) anniversary of such date of calculation, and (ii) 3.00%.