DSR Requirement definition

DSR Requirement has the meaning given in Section 7.5.1.

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DSR Requirement means as of any date of determination, the next three (3) months of principal and interest scheduled to be payable hereunder after such date of determination in respect of the Loans pursuant to Section 2.06 and Section 2.07(a) (as adjusted for settlement amounts under the Interest Rate Hedge Agreements).

DSR Requirement means, for each Fiscal Year, an amount equal to the greater of

Examples of DSR Requirement in a sentence

On each Quarterly Date, to the DSR Account pursuant to Section 7.5 to the extent the DSR Requirement has not been satisfied.
The Accounts required to be established as of the Initial Borrowing Date under the Depositary Agreement shall have been established, and the DSR Account shall have been funded, or will be funded in connection with the Initial Borrowing, in the amount of the DSR Requirement.
The amount on deposit in the DSR Account shall be not less than the DSR Requirement.
On the Closing Date, the Borrower shall Fully Fund the Debt Service Reserve Account up to the DSR Requirement Amount as of the Closing Date with cash or a Sponsor Guaranty.
Upon and after the first Repayment Date, such amount shall be calculated by Lender for the then-prospective four Repayment Periods, and such calculated amount shall be the “DSR Requirement.” If, on any Repayment Date, the balance in the DSR Account is less than the DSR Requirement, there shall be deposited all amounts in excess of the amounts applied pursuant to Waterfall Levels (1)-(4) in the DSR Account until the balance in the DSR Account is equal to the DSR Requirement.

More Definitions of DSR Requirement

DSR Requirement means as of any date of determination, the next six (6) months of principal and interest scheduled to be payable hereunder after such date of determination in respect of the Initial Term Loans and the Term Conversion Date Term Loans pursuant to Section 2.06(a)(i) and Section 2.07(a) (calculated by the Borrower using an assumed Eurocurrency Rate for the Interest Period in effect as of such date of determination) (as adjusted for settlement amounts under the Interest Rate Hedge Agreements). “DSRA Deficiency Event” occurs when, as of the last day of any fiscal quarter, the Funded DSR is less than the DSR Requirement. “DSRA Overfunding Event” occurs when the Funded DSR exceeds the DSR Requirement. “Early Opt-in Election” means, if the then-current Benchmark is the Eurocurrency Rate, the occurrence of: (a) a notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties hereto that at least ten (10) currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a 164 KE 73718588.20 US-DOCS\142539518.

DSR Requirement means, for any date, an aggregate Dollar amount equal to the aggregate amount of Debt Service with respect to the Loan for the immediately succeeding six-month period.

DSR Requirement means, with respect to any Project, an amount equal to the aggregate amount of interest projected (as of such Project’s COD) to be due and payable with respect to the Loans made to such Project from such Project’s COD until the Date Certain for such Project, as set forth on Annex 2.

DSR Requirement means, with respect to any Project, an amount equal to the aggregate amount of interest projected (as of such Project’s COD) to

DSR Requirement means the requirement for the amounts to be deposited into the Bond Reserve Account, as set forth in the Ordinance.

DSR Requirement means, for any date of determination, the Debt Service reasonably expected by the Borrower to become due and payable over the following six-month period.

DSR Requirement has the meaning given to such term in Section 1.1 of the Depositary Agreement.