Examples of Debt Service Account in a sentence

Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate.
So long as no Event of Default is continuing, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges.
Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account allocated for the payment of Debt Service, if any, shall be used to pay Debt Service when due, together with any late payment charges or interest accruing at the Default Rate.

More Definitions of Debt Service Account

Debt Service Account shall have the meaning set forth in Section 3.1 hereof.

Debt Service Account shall have the meaning set forth in the Cash Management Agreement.

Debt Service Account means the account by that name created within the Bond and Interest Fund by the Bond Resolution.

Debt Service Account means the Debt Service Account for Taxable General Obligation Airport Refunding Bonds, Series 2019A created within the Bond and Interest Fund pursuant to Section 501 hereof.

Debt Service Account means the bank account opened in the name of the Owner with the Account Bank and designated “Kithira Debt Service Account”.

Debt Service Account means the Debt Service Account for General Obligation Refunding and Improvement Bonds, Series 2020-A created within the Bond and Interest Fund pursuant to Section 501 hereof.

Debt Service Account means the debt service account established in the name of the Governmental Unit and administered by the Finance Authority to pay the Loan Agreement Payments under the Loan Agreement as the same become due.