Debt Service Reserve Account definition

Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

Debt Service Reserve Account has the meaning set forth in Section 2.13(c).

Debt Service Reserve Account as defined in the Depositary Agreement.

Examples of Debt Service Reserve Account in a sentence

• Notwithstanding anything to the contrary contained in the General Resolution, the Corporation may, at any time, provide to the Trustee one or more Cash Equivalents for deposit in the Debt Service Reserve Account in an amount not exceeding the amount of the Debt Service Reserve Account Requirement specified in this Supplemental Resolution.

• All funds drawn from the Debt Service Reserve Account, from the Liquidity Reserve Account and from the Trigger Event Reserve Account outside Brazil to be used for Interest Payment and for the portion of Principal Payment that represents capital gain as a consequence of exchange rate movement are subject to IRRF ( Imposto de Renda Retido na Fonte) at the rate of 15,00%.

• In the event any such Cash Equivalents are so provided in replacement of funds on deposit in the Debt Service Reserve Account, the Trustee shall make such deposit and transfer funds in an equivalent amount from the Debt Service Reserve Account to the Revenue Account.

• All funds drawn from the Debt Service Reserve Account, from the Liquidity Reserve Account and from the Trigger Event Reserve Account outside Brazil to be used for Interest Payment and for the portion of Principal Payment that represents capital gain as a consequence of exchange rate movement are subject to IRRF ( Imposto de Renda Retido na Fonte) at the rate of 15.00%.

• Moneys in the Debt Service Reserve Account over and above the required level shall be immediately transferred from the Debt Service Reserve Account into the Bond Fund.

More Definitions of Debt Service Reserve Account

Debt Service Reserve Account shall have the meaning set forth in Section 7.5 hereof.

Debt Service Reserve Account has the meaning set forth in the Accounts Agreement.

Debt Service Reserve Account means an interest-bearing USD account of the Borrower with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Debt Service Reserve Account, for the purposes of this Agreement;

Debt Service Reserve Account means the Debt Service Reserve Account established pursuant to the General Resolution.

Debt Service Reserve Account means the account designated by that name established by the Company with Depositary pursuant to Section 2.1.

Debt Service Reserve Account shall have the meaning set forth in Section 3.1.1.

Debt Service Reserve Account means an account established in the name of the Trustee and maintained for purpose of holding the Debt Service Reserve, in each case in accordance with the terms of Section 7.10.