Debt Service Reserve Amount definition

Debt Service Reserve Amount means:

Debt Service Reserve Amount means the principal, interest, fees, costs, expenses, indemnities, and any other amounts in each case payable in respect of the Lessor Notes on the next Rent Payment Date.

Debt Service Reserve Amount means the amount that the Borrower is required to have on deposit in the Debt Service Reserve Account pursuant to Section 5.14 (Debt Service Reserve Amount).

Examples of Debt Service Reserve Amount in a sentence

• Reserve Sub-Account On any date, if funds available in the Debt Service Reserve Sub-Account are less than the Debt Service Reserve Amount, the Account Bank shall transfer monies, first from the Surplus Sub-Account, second from the Cash Trap Sub-Account, and third from the Refinance Reserve Sub-Account to meet the insufficiency.

• 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.

• After such reservation or reduction the Debt Service Reserve Amount for such second Payment Date shall equal $[ ].

• Following any disbursement from the Lease-Up Debt Service Reserve, Borrower will be required to replenish the Lease-Up Debt Service Reserve (by depositing additional cash, or by posting a replacement Letter of Credit, as applicable) to the amount of the Lease-Up Debt Service Reserve Amount not more than 30 days following such disbursement.

• If on any Scheduled Payment Date or LOC Substitution Date the aggregate of all Available Debt Service Reserve Funds exceeds the then current Debt Service Reserve Amount, the Collateral Agent shall direct the Depositary Agent to transfer an amount of immediately available funds in Dollars equal to such excess from the Debt Service Reserve Account to the Distribution Account.

More Definitions of Debt Service Reserve Amount

Debt Service Reserve Amount has the meaning specified in Section 2.14.

Debt Service Reserve Amount means, as of any date of determination, the aggregate amount of cash on deposit in the Debt Service Reserve Account, plus the aggregate fair market value of all Permitted Investments on deposit therein at such time, plus the amount available to be drawn or demanded under all Debt Service Reserve Support Instruments credited to such account at such time.

Debt Service Reserve Amount has the meaning assigned to such term in Section 5.13(a).

Debt Service Reserve Amount means on the Issue Date and on each Payment Date thereafter the higher of (i) an amount equal to 2% of the Principal Amount Outstanding of the Rated Notes as at the immediately preceding Payment Date; and (ii) €3,000,000.00.

Debt Service Reserve Amount means an amount equal to $30,000.

Debt Service Reserve Amount means the amount, as of the date of determination, equal to Consolidated Projected Debt Service for the six-month period immediately following the date of the then most recent financial statements of the Borrower.

Debt Service Reserve Amount means on the Issue Date and on each Payment Date thereafter the higher of (i) an amount equal to 2% of the Principal Amount Outstanding of the Rated Notes as at the immediately preceding Payment Date; and (ii) €3,000,000.00.If at the time the Debt Service Reserve Amount is reduced the Debt Service Reserve exceeds the reduced Debt Service Reserve Amount, the excess (the “Debt Service Reserve Excess” which, for the avoidance of doubt, doesnot include any Revenue Eligible Investments Amounts (if any) or interest accrued on the Debt Service Reserve Account) will be applied to augment the Issuer Principal Available Funds to be calculated on the immediately following Determination Date.On each Determination Date, the Debt Service Reserve (or part of it) will be utilised to augment the Issuer Interest Available Funds to the extent necessary to make the payments falling due on the immediately following Payment Date under items (i) to (v) of the Pre-Enforcement Interest Priority of Payments. The Principal Deficiency Ledger Amount On each Payment Date, subject to the availability of Issuer Interest Available Funds, provisions will be made by the Issuer against any Principal Losses in accordance with the Pre-Enforcement Interest Priority of Payments. Such provisions (being the Principal Deficiency Ledger Amount) will be used, on the same Payment Date, to augment the Issuer Principal Available Funds and will therefore be applied to make payments or provisions due on the same date in accordance with the Pre-Enforcement Principal Priority of Payments.