DSR Account definition

DSR Account has the meaning given in Section 1.1 of the Depositary Agreement.

DSR Account means the account designated by that name established by Depositary Agent pursuant to Section 2.1.

DSR Account means the account of such name maintained by the Company with the Collateral Trustee in accordance with the Security Deposit Agreement.

Examples of DSR Account in a sentence

• The Issuer shall on the Monthly Transfer Date transfer to the DSR Account a minimum amount corresponding to 1/3 of the quarterly interest on the Outstanding Bonds from time to time, until the total deposited amount on the DSR Account corresponds to the amount due on the next Interest Payment Date.

• The Issuer shall, subject to the DSR Account Pledge, be entitled to all interest receivable (if any) derived from the amount in the DSR Account.

• The first transfer to the DSR Account shall be made on the day falling one month following the Issue Date.

• All investments made out of any proceeds lying in the Trust and Retention Accounts, DSR Account.

• The Issuer shall have the right to use funds deposited on the DSR Account for the purpose of funding interest payments and Scheduled Amortisations on each Interest Payment Date, following which the Issuer shall again transfer funds to the account as described above under paragraph (a) until the total deposited amount on the account correspond to the amount of interest and Scheduled Amortisation due on the next Interest Payment Date.

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 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.

DSR Account has the meaning set forth in Section 2.2(b).

DSR Account means a debt service retention account establish as a client account with the Escrow Agent or in the name of the Issuer with an account bank approved by the Bond Trustee, blocked and pledged on first priority as Security for the Issuer's obligations under the Finance Documents, and operated in accordance with Clause 13.24 (Transfers to the DSR Account), where the Issuer shall, subject to the DSR Account Pledge, be entitled to all interest receivable (if any) derived from the amount in the DSR Account.

DSR Account means USD account no. 1250.05.25043, held in the name of the Borrower with the Account Bank.

DSR Account is deleted in each of the following Sections: 9.1, and 13.8(f).