Debt Service Payment Account Sample Clauses

Debt Service Payment Account. The Collateral Agent shall cause monies on deposit in the Debt Service Payment Account to be applied to pay all amounts payable by Borrower to FFB and DOE under the Loan Documents including, without limitation, interest and principal on the DOE-Guaranteed Loan and all other costs, fees and expenses arising under the Loan Documents, as and when all such amounts are due and payable.
Debt Service Payment Account. Each Administrative Agent may direct the Collateral Agent to transfer funds from the Concentration Account to the Debt Service Payment Account in amounts not exceeding (i) all payments then due and payable on the Secured Obligations or expected to become due and payable by the next Monthly Payment Date, plus (without duplication) (ii) any excess of the LC Obligations over the Borrowing Base. To the extent of the available funds in the Concentration Account, the Collateral Agent shall make all such requested transfers into the Debt Service Payment Account. The Collateral Agent shall apply all funds deposited into the Debt Service Payment Account as provided in Section 3.2. Any funds on deposit in the Debt Service Payment Account after such applications shall continue to be held in the Debt Service Payment Account, if less than $1,000,000, and shall be transferred to the Funding Account if $1,000,000 or more. Each Administrative Agent will promptly furnish EOTT OLP with a copy of any direction to the Collateral Agent given as provided above, specifying the amount and date of the transfer of funds to the Debt Service Account.
Debt Service Payment Account. Monies on deposit in or credited to the Debt Service Payment Account shall be allocated ratably (based on an Officer's Certificate of the Partnership provided to the Administrative Agent) among sub-accounts of the Debt Service Payment Account for each credit facility (including each series of Bonds) constituting Senior Indebtedness, based on the principal of, premium, if any, and interest due or becoming due, and fees, indemnities or other amounts owed in respect of such credit facility on the next succeeding Scheduled Payment Date therefor (other than the principal of any Debt Service Reserve LOC Loans). On any date that amounts for the payment of such Senior Indebtedness are due and payable and have been specified in a Funding Date Certificate delivered to the Administrative Agent in accordance with Section 3.2(b)(iv) (or if such day is not a Business Day, then on the next succeeding Business Day) and have been allocated to a subaccount of the Debt Service Payment Account applicable to such Senior Indebtedness, the Administrative Agent shall remit such amounts to the Persons specified in such Funding Date Certificate for the payment of such Senior Indebtedness; provided, however, that the Administrative Agent shall segregate such amounts from any other monies on deposit in the Debt Service Payment Account until such time as payment is made to the Persons entitled thereto. The Partnership and the Funding Corporation hereby instruct the Collateral Agent and the Administrative Agent to make all such payments in respect of the Bonds directly to the Trustee for deposit into the Bond Fund in accordance with the terms of Section 3.3 of the Indenture, and the Collateral Agent and the Administrative Agent hereby acknowledge receipt of such instruction. The Administrative Agent shall transfer to the Revenue Account any Monies on deposit in or credited to the Debt Service Payment Account which are not needed to pay amounts due or payable hereunder on or prior to the next Funding Date, as certified by an Authorized Officer of the Partnership.
Debt Service Payment Account. (a) On any date that amounts for the payment of any principal, interest, premium and Liquidated Damages, if any, on the Senior Secured Notes and any principal, interest and premium, if any, on any other Senior Secured Obligations, in each case, for which a Withdrawal Certificate has been delivered by the Issuer at least three (3) Business Days prior to such date (or if such day is not a Business Day, then on the next succeeding Business Day), the Depositary shall withdraw the monies on deposit in the relevant sub-account of the Debt Service Payment Account, and remit such monies to the Persons entitled thereto for the payment of such principal, interest, premium and Liquidated Damages, if any; provided, however, that the Depositary shall segregate such amounts from any other amounts on deposit in the Debt Service Payment Account until such time as payment is made to Persons entitled thereto.
Debt Service Payment Account. The Depositary Bank shall establish a segregated, non-interest bearing and irrevocable account of the Borrower entitled “Debt Service Payment Account” to be maintained with the Depositary Bank, initially having account number XXXXXXXXXX (together with any successor account, the “Debt Service Payment Account”). No payments shall be made out of such account except on the terms herein stated.
Debt Service Payment Account. A securities account entitled the “Solyndra Fab 2 LLC—Debt Service Payment Account Subject to the Security Interest of U.S. Bank National Association as the Collateral Agent” (the “Debt Service Payment Account”) is established and will be maintained at the Collateral Agent’s Office.
Debt Service Payment Account. Proposed Transfer/Withdrawal Instructions delivered by the Borrower pursuant to Section 6.4.1 with respect to a Monthly Transfer/Withdrawal Date coinciding with a Quarterly Payment Date shall instruct the Collateral Agent to disburse, transfer and/or withdraw funds from the Debt Service Payment Account (after giving effect to the transfers and deposits referred to in Section 7.1.2 and 9.1.1) to each relevant Secured Party in the amount of Debt Service then due to such Secured Party under the Loan Documents and on the date(s) when due.
Debt Service Payment Account. (a) The Borrower shall cause all amounts directed to be transferred pursuant to Section 3.1(b) clause Third and Fourth to be deposited into the Debt Service Payment Account.

Related to Debt Service Payment Account

Monthly Debt Service Payments Consecutive monthly debt service installments (comprised of either interest only or principal and interest, depending on the Amortization Type), each in the amount of the applicable Monthly Debt Service Payment, shall be due and payable on the First Payment Date, and on each Payment Date thereafter until the Maturity Date, at which time all Indebtedness shall be due. Any regularly scheduled Monthly Debt Service Payment that is received by Lender before the applicable Payment Date shall be deemed to have been received on such Payment Date solely for the purpose of calculating interest due. All payments made by Borrower under this Loan Agreement shall be made without set-off, counterclaim, or other defense.
Note Payment Account The Indenture Trustee shall establish and maintain an Eligible Account entitled "Bank One, National Association, as Indenture Trustee, for the benefit of the Securityholders, the Certificate Paying Agent and the Enhancer, pursuant to the Indenture, dated as of October 24, 2001, between GMACM Home Equity Loan Trust 2001-HE3 and Bank One, National Association" (the "Note Payment Account"). On each Payment Date, amounts on deposit in the Note Payment Account shall be distributed by the Indenture Trustee in accordance with Section 3.05
Debt Service Reserve Account Establish and maintain a Debt Service Reserve Account, and deposit and maintain the Required Debt Service Reserve Deposit Amount in such account in accordance with the provisions of Section 2.30.
Debt Service Reserve Reserved.
Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.
Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.
Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.
Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.
Certificate Account and Special Payments Account (a) The Trustee shall establish and maintain on behalf of the Certificateholders of each series a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold such Certificate Account in trust for the benefit of the Certificateholders of such series, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee (under an Intercreditor Agreement, if applicable) with respect to the Certificates of such series, the Trustee, upon receipt thereof, shall immediately deposit the aggregate amount of such Scheduled Payment in such Certificate Account.
Distributions from Certificate Account and Special Payments Account (a) On each Regular Distribution Date or as soon thereafter as the Trustee has confirmed receipt of the payment of all or any part of the Scheduled Payments due on such date, the Trustee shall distribute out of the Certificate Account the entire amount deposited therein pursuant to Section 4.01(a). There shall be so distributed to each Certificateholder of record on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such Certificateholder's pro rata share (based on the Fractional Undivided Interest in the Trust held by such Certificateholder) of the total amount in the Certificate Account, except that, with respect to Certificates registered on the Record Date in the name of DTC, such distribution shall be made by wire transfer in immediately available funds to the account designated by DTC.