DSR Required Balance definition

DSR Required Balance has the meaning given in the Depositary Agreement.
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DSR Required Balance has the meaning set forth in the Collateral Agreement.
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DSR Required Balance means (a) on or prior October 31, 2024, $5,000,000 and (b) thereafter, all principal and interest in respect of Loans required to be paid by the Borrower under the Loan Documents scheduled to be due during any three (3) month period commencing from (and excluding) any Payment Date up to (but including) the immediately succeeding Payment Date and occurring on or before the Maturity Date, as set forth in the then current Base Case Financial Model as confirmed by the Administrative Agent (acting at the direction of the Required Lenders).
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Examples of DSR Required Balance in a sentence

  • The Borrower shall have funded, or shall fund on the first Quarterly Payment Date in 2024, the Debt Service Reserve Account, in cash or through issuance of Letters of Credit, in an amount equal to the DSR Required Balance on such date.

  • The Borrower shall have funded or shall fund on the Term Conversion Date the Debt Service Reserve Account, in cash or through issuance of DSR Letters of Credit, in an amount equal to the DSR Required Balance on such date.

  • Such amount requested equals the amount necessary to fund the Debt Service Reserve Account so that the amount then on deposit in or credited to the Debt Service Reserve Account plus the aggregate Drawing Amount under all issued and outstanding Letters of Credit issued for such purpose as of the date hereof equals the DSR Required Balance as of the date hereof.


More Definitions of DSR Required Balance

DSR Required Balance means, as of any date, an amount equal to all principal and interest in respect of the Term Loans due or to become due within six months after such date.
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DSR Required Balance. ’ means the aggregate amount of:
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DSR Required Balance means, as of any date, an amount equal to all principal (other than the final principal payment of the Loans on the Maturity Date and excluding, for the avoidance of doubt, any principal required to be repaid pursuant to Section 2.1.6(c)), the LC Fee, the Commitment Fee, the Fronting Fee and interest in respect of the Term Loans (other than the LC Fee, the Commitment Fee, the Fronting Fee and interest in respect of the Term Loans payable on the Maturity Date) due or to become due within six months after such date. For the purposes of the foregoing, interest shall be determined after giving effect to any net payments expected to be made or received by Borrower with respect to any Interest Rate Agreements.
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DSR Required Balance means, as of any date of determination, an amount equal to the Debt Service projected to be due during the next six (6)-month period following such date of determination.
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DSR Required Balance means, as of any date of determination, an amount equal to the Debt Service projected to be due during the next six (6)-month period following such date of determination plus (or minus), without duplication, any net payments reasonably anticipated to be payable by a Project Company or received by a Project Company, as the case may be, under Secured Hedge Agreements during such period, as reasonably determined by Borrower based on the assumption that interest will continue to accrue on the Term Loans and Incremental Term Loans at the blended fixed rate set forth in the Secured Hedge Agreements.have the meaning assigned to such term in the Credit Agreement.
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Related to DSR Required Balance

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Reserve Fund Required Amount means, for (i) any Payment Date on which the Note Balance is greater than $0, $3,840,966.96 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0; provided, however, that the Reserve Fund Required Amount may not exceed the Note Balance.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.