DSRA definition

DSRA means a debt service reserve account:

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DSRA means an account designated "Kosmos - DSRA" established by the Original Borrower in respect of the Facility with the Offshore Account Bank in New York pursuant to clause 20 (Bank Accounts and Cash Management) 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

To the extent necessary to make any payments out of the Debt Service Reserve Account, the Borrower will transfer sufficient funds from the DSRA Investment Account to the Debt Service Reserve Account and will liquidate any of the Permitted Investments if necessary to meet its payment obligations.
If the Borrower fails to so renew or replace the DSRA Letter of Credit, the Borrower agrees that the Security Trustee shall have the right upon written notice to the Borrower to draw the entire amount available under such DSRA Letter of Credit and deposit such amount in the Debt Service Reserve Account for application in accordance with the provisions of this Agreement.
The Contractor shall lead or participate in periodic meetings, as required, to facilitate status reporting related to the USS ▇▇▇▇▇▇ ▇▇▇▇▇▇ (DDG 54) FY22 DSRA.
The US$10.0 million (or the Dollar Equivalent thereof) balance of the DSRA can also be used for buybacks to the extent the principal amount outstanding of the Notes is less than US$10.0 million (or the Dollar Equivalent thereof).
Within 15 days of the date of the Exchange Date, the Parent Guarantor shall notify the Mongolian Ministry of Finance of the establishment of the DSRA and shall request that the DSRA be registered with the Mongolian Ministry of Finance (but, for the avoidance of doubt, the Parent Guarantor shall have no obligation whatsoever to ensure that such registration is made by the Mongolian Ministry of Finance).

More Definitions of DSRA

DSRA means the US Dollar denominated debt service reserve account in the name of the Borrower with account number ▇▇▇▇▇▇▇▇ 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 the US Dollar denominated debt service reserve account in the name of the Borrower with account number 75886176 held with the Original 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 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 7003628575 and all monies standing to the credit of such account together with all rights and interests in relation thereto.

DSRA means an amount equivalent to succeeding two payment instalments.