DSR Letter of Credit means the letter of credit issued by the DSR Letter of Credit Issuing Bank, substantially in the form of Exhibit B-2 to the Credit Agreement.
Examples of DSR Letter of Credit in a sentence
Each DSR Letter of Credit and PPA Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date twelve months after the date of the issuance of such DSR Letter of Credit or PPA Letter of Credit, as the case may be (or, in the case of any renewal or extension thereof, twelve months after the then-current expiration date of such DSR Letter of Credit or PPA Letter of Credit, as the case may be) and (ii) 5 Business Days prior to the Letter of Credit Expiry Date.
A Project's Allocated Portion of the Total DSR LC Commitment cannot be used for the issuance of the DSR Letter of Credit unless such Project is an Approved Project at the time of such issuance.
Project Letters of Credit shall be substantially in the form of Exhibit B-4 (or as otherwise mutually agreed by Administrative Agent, the LC Bank and Borrower) and the DSR Letter of Credit shall be in the form of Exhibit B-5.
On or prior to the date of Term-Conversion, the Lenders Debt Service Reserve Account shall have been funded (whether by cash, a DSR Letter of Credit, the Debt Service Reserve Surety or any combination of the foregoing) to the extent required in the Depositary Agreement.
Stated Amount (as increased, if applicable) of the Letter of Credit, provided that (i) the Stated Amount of any requested Project Letter of Credit shall not exceed the then current Available Working Capital/Project LC Commitment, and (ii) the Stated Amount of the requested DSR Letter of Credit shall not exceed the then current Available DSR LC Commitment.