Examples of Debt Service Retention Account in a sentence
The primary changes were in relation to the covenants and the maintenance of financial ratios including the establishment of a Debt Service Retention Account (“DSRA”).
Mrs Sinha also said the DSRA (Debt Service Retention Account) Funding, was required to be funded from Cash Flows and not be funded by the loans.
The amount deposited in the Debt Service Retention Account shall only be released and applied for the due payment of interest and instalments in accordance with the terms of these Bond Terms.
Structured sanctions will be available for every 416 downward departure participant, unless they failto engage in the program completely.
The Debt Service Retention Account shall be established by the Issuer with the Offshore Account Bank prior to disbursement, into which 1/6 of the amortization and interest payment payable on the next Interest Payment Date shall be transferred on a monthly basis.