Debt Reserve Account definition

Debt Reserve Account means the Debt Reserve Account established in Section 502.

Debt Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Debt Reserve Account means a deposit account (as defined in Article 9 of the UCC) of the Borrower established and maintained at the Depositary Bank, which shall be established on or prior to the Account Establishment Date and shall at all times thereafter be subject to a Blocked Account Control Agreement.

Examples of Debt Reserve Account in a sentence

• The Trustee shall pay to Providers of Reserve Account Credit Facilities any reimbursement which is payable from the Debt Reserve Account as provided by a Supplemental Indenture, and upon the written direction of an Authorized Officer shall use amounts in the Debt Reserve Account to acquire a Reserve Account Credit Facility.

• Valuation of Investment Securities held in the Funds, Accounts and Sub-Accounts established under this Indenture shall be made as often as may be necessary to determine the amounts held under this Indenture, except the valuation of Investment Securities held in the Debt Service Account and its Sub-Accounts, the Debt Reserve Account, any Junior Bond Debt Service Account and its Sub-Accounts and any Junior Bond Debt Reserve Account shall also be made on December 20 ofeach year.

• Credit Facilities in Lieu of Deposits Into the Debt Reserve Account.

• Notwithstanding any limitation in this section, moneys held in any Junior Bond Debt Service Account or Junior Bond Debt Reserve Account shall be invested and reinvested by the Trustee as provided in the Supplemental Indentures providing for such Account or Accounts.

• Any such payment or acquisition shall, however, be made only if upon the payment the amount to the credit of the Debt Reserve Account, including the amount of any Reserve Account Credit Facilities, either is not less than the Debt Reserve Requirement or is not reduced by the payment or acquisition.

More Definitions of Debt Reserve Account

Debt Reserve Account means the special account designated by that name established by the Collateral Trustee pursuant to Article VIII.

Debt Reserve Account means the special account designated by that name -------------------- established by the Administrative Agent pursuant to Section 8.01(a). ---------------

Debt Reserve Account means Account No. 104479 established by the Borrower with Citibank, N.A. in which cash and Cash Equivalents may from time to time be on deposit or held therein, and the proceeds of which shall be used solely for (x) the redemption or repurchase of the Specified Debt, (y) after the Specified Debt has been repaid in full, the redemption or repurchase of Indebtedness permitted under Section 8.6(b)(vi) and (z) the purposes specified in Section 2.8(f).

Debt Reserve Account means the Debt Reserve Account of the Sinking Fund established in Section 4.04 of the General Bond Ordinance.

Debt Reserve Account means an interest bearing account in the joint names of the Borrowers with the Account Bank or with any other branch of the Account Bank or any other bank or financial institution other than the Account Bank which is designated by the Agent as the Debt Reserve Account for the purposes of the Agreement;

Debt Reserve Account is defined in Section 2.14.1 of the Securities -------------------- -------------- Accounts Agreement.

Debt Reserve Account is defined in the Depositary Agreement.