Common use of Debt Service Reserve Account Clause in Contracts

Debt Service Reserve Account. At any time the Debt Service Reserve Account is not fully funded with the DSRA Required Balance within five (5) Business Days of any drawdown of such Project Account.

Appears in 3 contracts

Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

AutoNDA by SimpleDocs

Debt Service Reserve Account. (a) At any time after the date of this Agreement the Debt Service Reserve Account is not fully funded with the DSRA Required Balance within five (5) Business Days of any drawdown of such Project Account.

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

Debt Service Reserve Account. At any time during the First Lien Facility Period the Debt Service Reserve Account is not fully funded with the DSRA Required Balance within five (5) Business Days of any drawdown of such Project Account.

Appears in 1 contract

Samples: Facility Agreement (Globalstar, Inc.)

AutoNDA by SimpleDocs

Debt Service Reserve Account. 137 At any time the Debt Service Reserve Account is not fully funded with the DSRA Required Balance within five (5) Business Days of any drawdown of such Project Account.

Appears in 1 contract

Samples: Globalstar, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.