DSR Account definition
DSR Account means the account designated by that name established by Depositary Agent pursuant to Section 2.1.
DSR Account has the meaning given in Section 1.1 of the Depositary Agreement.
DSR Account means an account in the name of the Issuer with an Account Bank, blocked and pledged on first priority as security for the Issuer's obligations under the Finance Documents.
Examples of DSR Account in a sentence
Borrowers shall establish and maintain the DSR Account with Administrative Agent and, during the DSR Period, shall at all times maintain cash on deposit in the DSR Account in an amount not less than the DSR Amount.
Borrowers hereby grant to Administrative Agent a security interest in and Lien upon the DSR Account, all assets from time to time on deposit therein or otherwise credited thereto, and all proceeds of the foregoing.
If at any time during the DSR Period the cash balance of the DSR Account is less than the DSR Amount, Borrowers shall promptly, and in any event within one (1) Business Day, deposit cash into the DSR Account in an amount sufficient to eliminate such deficit.
More Definitions of DSR Account
DSR Account means the US dollars denominated account opened or to be opened by the Borrower with the Lender and designated or identified as such (as the same may be re-designated, substituted or replaced from time to time).
DSR Account has the meaning given in Section 7.3(a).
DSR Account means the account of such name maintained by the Company with the Collateral Trustee in accordance with the Security Deposit Agreement.
DSR Account means each Deposit Account or Securities Account established in the name of each Borrower with an Account Bank and used for the purposes contemplated by Section 2.8.1 , Section 2.8.3 and Section 2.8.8 (and collectively, all such accounts for all Borrowers shall be referred to herein as the “DSR Accounts”).
DSR Account means USD account no. 1250.05.25043, held in the name of the Borrower with the Account Bank.
DSR Account means the account entitled “Sabine LNG DSR Account,” established and maintained pursuant to the Security Deposit Agreement.
DSR Account means a deposit account of a Borrower maintained with and pledged to Administrative Agent and in which the DSR Amount will be held.”