Debt Service Reserve Amount. Prior to the making of each Restricted Payment and, in any event, no later than six (6) months following the Project Completion Date, if any Senior Debt Instrument in effect at such time requires deposits to be made into a Debt Service Reserve Account, the Borrower shall have deposited in the Senior Debt Facilities Debt Service Reserve Account an amount equal to the Required Debt Service Reserve Amount or, solely in the case of Sponsor Case Restricted Payments prior to the Project Completion Date, the Sponsor Case Required Debt Service Amount (as defined in the Accounts Agreement).
Debt Service Reserve Amount. (a) Prior to the making of each Restricted Payment (other than any Sponsor Case Restricted Payments and Additional Equity Distributions) and, in any event, no later than six (6) months following the Project Completion Date, the Borrower shall have deposited in the Senior Debt Facilities Debt Service Reserve Account an amount equal to the Required Debt Service Reserve Amount.
Debt Service Reserve Amount. On and after the date of first Utilisation Request, the Borrower must ensure that the amount standing to the credit of the Debt Service Reserve Account is at all times not less than the Debt Service under the Finance Documents anticipated to fall due on the next Interest Payment Date (the “Debt Service Reserve Amount”).
Debt Service Reserve Amount the Borrower shall use a portion of the proceeds of such Replacement Debt to fund the incremental increase in (A) the Required Debt Service Reserve Amount, if such Replacement Debt is incurred on or after the Project Completion Date or (B) the Sponsor Case Required Debt Service Amouxx, if such Replacement Debt is incurred prior to the Project Completion Date, in each case, as a result of the incurrence of such Replacement Debt and (ii) that is incurred at any time, the Borrower may use a portion of the proceeds of such Replacement Debt to fund the applicable Additional Debt Service Reserve Account (as defined in the Accounts Agreement). Any Secured Replacement Debt shall be treated in all respects as Secured Debt, sharing pari passu in the Collateral and in right of payment. The conditions for incurrence of Replacement Debt shall not apply to the incurrence of facilities to replace Working Capital Debt, which shall be governed by the provisions of Section 2.4 (Working Capital Debt).
Debt Service Reserve Amount. The Debt Service Reserve Amount for each separate issuance of any Series of Notes, if any, shall be the amount, if any, specified in the Pricing Supplement for such Notes, which amount will be funded in the manner contemplated pursuant to Section 4.2 of the Principal Indenture and deposited into the separate Series Reserve Account in the Debt Service Reserve Fund maintained for that particular issuance of Notes.
Debt Service Reserve Amount. On the Effective Date the Agent shall notify the Borrower of the Debt Service Reserve Amount and the Borrower shall pay to the Agent such amount to be deposited into the Debt Service Reserve Account. If the Agent notifies the Borrower that there is a deficiency in the Debt Service Reserve Account, the Borrower shall within two (2) Business Days of receipt of such notice pay the amount required by the Agent to be deposited into the Debt Service Reserve Account. All amounts in the Debt Service Reserve Account will be returned to the Borrower upon repayment of the full principal amount of the Loan.
Debt Service Reserve Amount. To the extent the Term Loan Repayment Trigger Date has not occurred, on the last day of the first full calendar quarter after the occurrence of the Project Completion Date, Borrower shall have on deposit (in cash (which may include borrowings under the Revolving Commitments) or by delivering an Acceptable Letter of Credit or a Letter of Credit) into the Debt Service Reserve Account an amount equal the projected Debt Service relating to the Term Loans over the next six (6) months. On and after the last day of the first full calendar quarter after the occurrence of the Project Completion Date and prior to the occurrence of the Term Loan Repayment Trigger Date, the Debt Service Reserve Account shall be funded with an amount equal to the projected Debt Service relating to the relating to the Commitments and Term Loans thereunder over the next six (6) months.
Debt Service Reserve Amount. The Borrower shall ensure that, at all times during each Interest Period, the balance in the Debt Service Reserve Account shall be at least equal to the Debt Service Reserve Amount for such Interest Period. To facilitate the foregoing, the Borrower shall make transfers from the Collection Account in accordance with Section 6.13(c)(i), and further undertakes to ensure that the cash proceeds of all interest, dividends, distributions and other returns on the Liquid Investments of the Borrower and its Subsidiaries are promptly paid into the Debt Service Reserve Account. The Administrative Agent shall have the right (but not the obligation) to satisfy any outstanding principal, interest and/or fees due and payable by the Borrower under this Agreement out of the Debt Service Reserve Amount for such Interest Period by making withdrawals from the Debt Service Reserve Account for application in accordance with the terms of this Agreement at any time and from time to time (including following any acceleration of the maturity of any Loans pursuant to Section 8.2 or Section 8.3). The Borrower hereby irrevocably authorizes such withdrawals and applications by the Administrative Agent. Any amount so withdrawn and applied by the Administrative Agent pursuant to this Section 6.13(d) shall constitute a payment by the Borrower and shall discharge the Borrower’s obligations under this Agreement to the extent of the amount so withdrawn and applied; provided that if (as a result of the insolvency of the Borrower or otherwise) such transfer is rescinded or must be returned, then the Borrower’s obligations shall be reinstated by a corresponding amount.
Debt Service Reserve Amount. (a) On the CCTP Funding Date, Borrower shall have on deposit (in cash (which may include borrowings under the Revolving Commitments) or by delivering a letter of credit reasonably acceptable to the Administrative Agent (provided that all DSR Letters of Credit shall be deemed to be acceptable)) into the Debt Service Reserve Account an amount equal to the projected Debt Service relating to the CCTP Tranche Commitments and the Term Loans thereunder over the next six (6) months; and
Debt Service Reserve Amount. The Borrower shall have provided the Purchasers with evidence that the Debt Service Reserve Account is fully funded with the Debt Service Reserve Amount or one or more Debt Service Reserve Letters of Credit have been issued in lieu thereof for the benefit of the Collateral Agent.
