Debt Payment Account means an account for the deposit of funds from the Project Control Account for the payment of fees, interest on the Loans and principal of the Loans, together with Interest Rate Agreement payments, to be maintained with and under the sole dominion and control of the Administrative Agent.
Debt Payment Account has the meaning given in Section 2.1 of the Depositary Agreement.
Debt Payment Account means the account of such name maintained by the Company with the Depositary Agent in accordance with the Security Deposit Agreement.
Examples of Debt Payment Account in a sentence
Account Funds in the Debt Payment Account shall be used only to pay Scheduled Debt Service.
If on any Annual Scheduled Payment Date there are not sufficient Account Funds in the Debt Payment Account to pay the Scheduled Debt Service due and payable on such Annual Scheduled Payment Date (after giving effect to funding priority set forth in Section 4.2.3 on such Annual Scheduled Payment Date), the Collateral Agent shall direct the Depositary Agent to transfer Account Funds in the EMS Letter of Credit Account in an amount sufficient to make up such deficiency to the Debt Payment Account.
More Definitions of Debt Payment Account
Debt Payment Account has the meaning set forth in Section 2.2(e).
Debt Payment Account means the Account of such name established pursuant to Section 2.2 of the Depositary Agreement and held under the following account number: C28710 B.
Debt Payment Account has the meaning assigned to such term in the Disbursement Agreement.
Debt Payment Account means the account entitled “Sabine LNG Debt Payment Account,” established and maintained pursuant to the Security Deposit Agreement.
Debt Payment Account means the account of such name created under the Depositary Agreement.
Debt Payment Account means the account of such name described on Schedule 1.1 established at the Collateral Agent's Office, or any other account at the Collateral Agent's Office designated by the Borrower with the consent of the Collateral Agent to serve as the Debt Payment Account.
Debt Payment Account has the meaning provided in Section 2.01(a) (Establishment of Accounts).