Debt Service Reserve Accounts. 23 SECTION 3.6. Deposits Irrevocable................................................. 23 ARTICLE IV
Debt Service Reserve Accounts. The Loan Parties agree ----------------------------- that any DSR Credit Instrument delivered to the Collateral Agent in total or partial satisfaction of any
Debt Service Reserve Accounts. The Notes issued under this First Supplemental Indenture shall have the benefit of the Debt Service Reserve Accounts detailed in the Original Indenture and such accounts shall constitute Collateral securing the Notes issued hereunder as, and to the extent, specified in the Original Indenture.
Debt Service Reserve Accounts. (a) The Borrower shall deposit or cause to be deposited funds into each Debt Service Reserve Account (i) from the P1 Construction Account on the Project Completion Date as provided in Section 3.1(f)(ii), (ii) at the election of the Borrower, with the proceeds of equity contributions, Permitted Subordinated Debt, Senior Secured Debt (to the extent permitted to be utilized to fund a Debt Service Reserve Account) or with a DSR LC or a DSR Guaranty as provided in the Collateral and Intercreditor Agreement, and (iii) by transfer from the P1 Revenue Account as provided in Section 3.3(c)(iv). Interest earned on amounts in any Debt Service Reserve Account shall be retained in such Debt Service Reserve Account until transferred in accordance with Section 3.6(e).
Debt Service Reserve Accounts. (a) On the CCTP Funding Date and at all times thereafter, the Borrower shall cause the aggregate amount of cash and letters of credit (including Letters of Credit) on deposit in the Credit Agreement Debt Service Reserve Account to equal the Credit Agreement Debt Service Reserve Requirement.
Debt Service Reserve Accounts. (a) The Borrower shall cause to be deposited into a Debt Service Reserve Account, (i) on or prior to the Project Completion Date, any funds withdrawn and transferred from the Construction Account pursuant to Section 5.02 (Construction Account), and (ii) following the Project Completion Date, on each Quarterly Payment Date, all amounts required pursuant to Section 5.03(b) (
Debt Service Reserve Accounts. Each Borrower undertakes with each Creditor Party to ensure that on the date falling one month after the Drawdown Date (the "Relevant Drawdown Date") in respect of the first Advance relating to its Ship and on the same day in each subsequent month, there is transferred to the Debt Service Reserve Account in its name $7,500,000 multiplied by the Relevant Fraction, such transfer to be made up to the earlier of
Debt Service Reserve Accounts. (a) (Establishment) Each Borrower shall, from the date of this Agreement until the Secured Money has been fully and finally paid and repaid, maintain a US dollar account styled [Name of Borrower] - Debt Service Reserve Account with the Agent.
Debt Service Reserve Accounts. (a) Commencing on the ----------------------------- Initial Funding Date, to the extent that a Debt Service Reserve Deficiency exists, revenues of the Project shall be applied, in the priority set forth in Section 9.28, to the Debt Service Reserve Accounts pro rata until such time as ------------ there is no Debt Service Reserve Deficiency. In the event that, as a result of payments made pursuant to Section 10(b) of the Security Agreement or otherwise, a Debt Service Reserve Deficiency arises, then the Company shall be obligated to deposit funds into the Debt Service Reserve Accounts pro rata in accordance with Section 9.28(b) until such time as no Debt Service Reserve Deficiency exists. If --------------- a Debt Service Reserve Deficiency arises and is not cured by the end of the immediately following Calculation Period, then the Company shall make a call pursuant to the Contingent Equity Contribution Agreement to the extent of such Debt Service Reserve Deficiency.
Debt Service Reserve Accounts
