DSR Facility definition

DSR Facility means the DSR Commitments and the extensions of credit made hereunder by the DSR Lenders.
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DSR Facility means the debt service reserve facility made available under this Agreement as described in paragraph (a)(iv) of Clause 2.1 (The Facilities). “DSR Facility Borrower” means the Original Borrower and any Additional Borrower in respect of the DSR Facility. “DSR Facility Commitment” means: (a) in relation to an Original DSR Facility Lender, the amount set opposite its name under the heading “DSR Facility Commitment” in Part 4 (Original DSR Facility Lenders) of Schedule 1 (Original Bank Facilities Lenders) and the amount of any other DSR Facility Commitment transferred to it under this Agreement or assumed by it in accordance with Clause 2.2 (Increase); and (b) in relation to any other DSR Facility Lender, the amount of any DSR Facility Commitment transferred to it under this Agreement or assumed by it in accordance with Clause 2.2 (Increase), to the extent not cancelled, reduced or transferred by it under this Agreement. “DSR Facility Lender” means: (a) any Original DSR Facility Lender; and
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Examples of DSR Facility in a sentence

  • If a Standby Drawing is made pursuant to Clause 6.2 (Standby Drawing), the Company shall pay to the Bank Facilities Agent, for the account of the Affected DSR Facility Lender, interest calculated in accordance with Clause 13 (Interest).

  • Subject to the Pro Rata Prepayment Mechanic, the Company shall prepay Utilisations, and cancel Available Commitments (other than Utilisations and Available Commitments in respect of the DSR Facility), in the order of application contemplated by Clause 12.9 (Application of mandatory prepayments), in an amount equal to the Excess Cashflow Sweep Amount for the Relevant Period ending on the most recent Calculation Date.

  • STANDBY DRAWINGS 6.1 DSR Facility Notice of Downgrade If at any time a DSR Facility Lender does not or ceases to have the Minimum Rating, then such DSR Facility Lender (the “Affected DSR Facility Lender”) shall promptly notify the Bank Facilities Agent, who shall notify the Company in writing as soon as practicable but no later than five Business Days after becoming aware of the occurrence of the foregoing.

  • Lenders’ participation (a) If the conditions set out in this Agreement have been met, and subject to Clause 9.1 (Repayment of Term Facility Loans), Clause 9.2 (Repayment of Capex Facility Loans), Clause 9.3 (Repayment of Revolving Facility Loans), Clause 9.4 (Repayment of DSR Facility Loans) each Bank Facilities Lender shall make 46 164178262_52 its participation in each Loan available by the Utilisation Date through its Facility Office.

  • The Capex Facility, the DSR Facility, the Initial Revolving Facility and any Accordion Facility shall only be utilised on or following the Closing Date.

  • DSRF Standby Account (a) The Company may not make withdrawals from a DSRF Standby Account in respect of a DSR Facility Lender other than: (i) for an amount equal to the amount of that DSR Facility Lender’s pro rata share of any Loan in accordance with Clause 5.4 (Bank Facilities Lenders’ participation) up to the balance standing to the credit of that DSRF Standby Account; or (ii) to repay or prepay all or any part of a Standby Drawing to the Affected DSR Facility Lender pursuant to Clause 9 (Repayment).