Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

Debt Service Reserve Account means an account established in the name of the Trustee and maintained for purpose of holding the Debt Service Reserve, in each case in accordance with the terms of Section 7.10.

Debt Service Reserve Account has the meaning set forth in Section 2.13(c).

Examples of Debt Service Reserve Account in a sentence

Section 5.19 is hereby amended by adding the following to add new clause (d) in appropriate numerical order as follows: (d) Notwithstanding the foregoing, Lead Borrower shall deposit into the Debt Service Reserve Account (x) 100% of the net proceeds from any Capital Events in accordance with Section 2.10(h) and (y) concurrently with any sale or refinancing of the Streeter Property, cash collateral in accordance with Section 2.10(i).
For the avoidance of doubt, the failure of the Borrowers to deposit the net proceeds of the sale or refinancing of the Streeter Property into the Debt Service Reserve Account shall constitute an Event of Default under Section 7.01(a).
Such funds deposited into the Debt Service Reserve Account in accordance with Sections 2.10(h) and (i) shall not be considered when determining any Interest Shortfall under Section 5.19(b) or in the application of Section 5.19(c).
Lead Borrower hereby directs Agent to apply the net proceeds from any Capital Events so deposited into the Debt Service Reserve Account to prepay the Loans in accordance with this Section.
Until applied to prepay the Loans in accordance with this Section, such cash collateral shall be, at all times, maintained in the Debt Service Reserve Account subject to the terms of Section 5.19.

More Definitions of Debt Service Reserve Account

Debt Service Reserve Account as defined in the Depositary Agreement.

Debt Service Reserve Account means an interest-bearing USD account of the Borrower with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Debt Service Reserve Account, for the purposes of this Agreement;

Debt Service Reserve Account has the meaning set forth in the Accounts Agreement.

Debt Service Reserve Account means the Debt Service Reserve Account established pursuant to the General Resolution.

Debt Service Reserve Account shall have the meaning as set forth in Section 6.5.1(b).

Debt Service Reserve Account shall have the meaning set forth in Section 3.1.1.

Debt Service Reserve Account means the account designated by that name established by the Company with Depositary pursuant to Section 2.1.