DSRA definition

DSRA means a debt service reserve account:

DSRA means an account designated “Kosmos - DSRA” established by the Original Borrower in respect of the Facility with the Account Bank in London pursuant to clause 20 (Bank Accounts and Cash Management) of this Agreement which is secured in favour of the Secured Parties.

DSRA has the meaning set forth in ‎Section 6.01.

Examples of DSRA in a sentence

• Any surplus revenue will be ‘cash sweep in’ within the above repayment period of the additional loan and shall be applicable before creation of DSRM / DSRA.

• The Company is required to refund the DSRA as soon as excess operating funds are available from mine operations.

• In case there is a delay of payment of more than 90 days by any sub-borrower under the Programme and the amount of overdue payments exceeds the balance of the respective individual sub- borrower’s DSRA, IREDA can access the Portfolio Risk Reserve Account to recover up to 70% of such overdue amount.

• BBVA and EDC waived the final disbursement funding requirement and deferred funding of the DSRA to the second half of 2016.

• Term Loan - III - Secured by 1st Charge on the cash flows, receivables, all current assets of the project and project agreements/ project escrow account and project DSRA of the free sale area and 1st charge by way of mortgage of development rights.

More Definitions of DSRA

DSRA means the US Dollar denominated debt service reserve account in the name of the Borrower with account number 00000000 held with the Account Bank in London (or any other account being a renewal, redesignation or replacement of that account as the Majority Lenders may approve).

DSRA means Debt Service Reserve Account to be opened and maintained by the Company with a scheduled bank;

DSRA means a deposit account of the Issuer maintained with the Collateral Agent in Mexico pursuant to documentation that (i) contains, without limitation, the terms set forth in Article VIII of the Common Agreement, and (ii) is otherwise acceptable to the Issuer, the Collateral Agent, and the Negotiating Creditors.

DSRA means the debt service reserve account to be established by Energy Resources for the benefit of the lenders under the New Senior Secured Facility and the holders of the New Notes.

DSRA means the debt service reserve account established and maintained by the Borrower with the Security Agent with the account number 7003628567 and all monies standing to the credit of such account together with all rights and interests in relation thereto.

DSRA means the Borrower's US Dollar account opened and maintained with the Account Bank numbered 44717997696 into which the Interest Reserve Amount is to be paid.

DSRA means an amount equivalent to succeeding two payment instalments.