Debt Service Reserve Account. (a) The Trustee agrees to open and maintain (other than with respect to funding) the Debt Service Reserve Account at all times. All amounts contained in the Debt Service Reserve Account are to be held in trust by the Trustee.
Appears in 5 contracts
Samples: Indenture (Transocean Ltd.), Share Pledge Agreement (Transocean Ltd.), Credit Agreement (Transocean Ltd.)
Debt Service Reserve Account. (a) The a)The Trustee agrees to open and maintain (other than with respect to funding) the Debt Service Reserve Account at all times. All amounts contained in the Debt Service Reserve Account are to be held in trust by the Trustee.
Appears in 2 contracts
Samples: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)
Debt Service Reserve Account. (ai) The Trustee agrees to open and maintain (other than with respect to funding) the Debt Service Reserve Account at all times. All amounts contained in the Debt Service Reserve Account are to be held in trust by the Trustee.
Appears in 1 contract
Samples: Security Agreement (Transocean Ltd.)
Debt Service Reserve Account. (a) The Trustee agrees to open and maintain (other than with respect to funding) the Debt Service Reserve Account at all times. All amounts contained in the Debt Service Reserve Account are to be held in trust by the TrusteeTrustee for the benefit of the Secured Creditors.
Appears in 1 contract
Samples: Indenture (Transocean Ltd.)
