Debt Service Payment Account. The Collateral Agent shall cause monies on deposit in the Debt Service Payment Account to be applied to pay all amounts payable by Borrower to FFB and DOE under the Loan Documents including, without limitation, interest and principal on the DOE-Guaranteed Loan and all other costs, fees and expenses arising under the Loan Documents, as and when all such amounts are due and payable.
Debt Service Payment Account. Monies on deposit in or credited to the Debt Service Payment Account shall be allocated ratably (based on an Officer's Certificate of the Partnership provided to the Administrative Agent) among sub-accounts of the Debt Service Payment Account for each credit facility (including each series of Bonds) constituting Senior Indebtedness, based on the principal of, premium, if any, and interest due or becoming due, and fees, indemnities or other amounts owed in respect of such credit facility on the next succeeding Scheduled Payment Date therefor (other than the principal of any Debt Service Reserve LOC Loans). On any date that amounts for the payment of such Senior Indebtedness are due and payable and have been specified in a Funding Date Certificate delivered to the Administrative Agent in accordance with Section 3.2(b)(iv) (or if such day is not a Business Day, then on the next succeeding Business Day) and have been allocated to a subaccount of the Debt Service Payment Account applicable to such Senior Indebtedness, the Administrative Agent shall remit such amounts to the Persons specified in such Funding Date Certificate for the payment of such Senior Indebtedness; provided, however, that the Administrative Agent shall segregate such amounts from any other monies on deposit in the Debt Service Payment Account until such time as payment is made to the Persons entitled thereto. The Partnership and the Funding Corporation hereby instruct the Collateral Agent and the Administrative Agent to make all such payments in respect of the Bonds directly to the Trustee for deposit into the Bond Fund in accordance with the terms of Section 3.3 of the Indenture, and the Collateral Agent and the Administrative Agent hereby acknowledge receipt of such instruction. The Administrative Agent shall transfer to the Revenue Account any Monies on deposit in or credited to the Debt Service Payment Account which are not needed to pay amounts due or payable hereunder on or prior to the next Funding Date, as certified by an Authorized Officer of the Partnership.
Debt Service Payment Account. A securities account entitled the “Solyndra Fab 2 LLC—Debt Service Payment Account Subject to the Security Interest of U.S. Bank National Association as the Collateral Agent” (the “Debt Service Payment Account”) is established and will be maintained at the Collateral Agent’s Office.
Debt Service Payment Account. Proposed Transfer/Withdrawal Instructions delivered by the Borrower pursuant to Section 6.4.1 with respect to a Monthly Transfer/Withdrawal Date coinciding with a Quarterly Payment Date shall instruct the Collateral Agent to disburse, transfer and/or withdraw funds from the Debt Service Payment Account (after giving effect to the transfers and deposits referred to in Section 7.1.2 and 9.1.1) to each relevant Secured Party in the amount of Debt Service then due to such Secured Party under the Loan Documents and on the date(s) when due.
Debt Service Payment Account. The Depositary Bank shall establish a segregated, non-interest bearing and irrevocable account of the Borrower entitled “Debt Service Payment Account” to be maintained with the Depositary Bank, initially having account number XXXXXXXXXX (together with any successor account, the “Debt Service Payment Account”). No payments shall be made out of such account except on the terms herein stated.
Debt Service Payment Account. (a) The Borrower shall cause all amounts directed to be transferred pursuant to Section 3.1(b) clause Third and Fourth to be deposited into the Debt Service Payment Account.
Debt Service Payment Account. (a) On any date that amounts for the payment of any principal, interest, premium and Liquidated Damages, if any, on the Senior Secured Notes and any principal, interest and premium, if any, on any other Senior Secured Obligations, in each case, for which a Withdrawal Certificate has been delivered by the Issuer at least three (3) Business Days prior to such date (or if such day is not a Business Day, then on the next succeeding Business Day), the Depositary shall withdraw the monies on deposit in the relevant sub-account of the Debt Service Payment Account, and remit such monies to the Persons entitled thereto for the payment of such principal, interest, premium and Liquidated Damages, if any; provided, however, that the Depositary shall segregate such amounts from any other amounts on deposit in the Debt Service Payment Account until such time as payment is made to Persons entitled thereto.
