Common use of Funding of Debt Service Reserve Account Clause in Contracts

Funding of Debt Service Reserve Account. (A) Kosmos shall ensure on an ongoing basis that deposits are made into the Debt Service Reserve Account in accordance with the Cash Waterfall until the balance of such account is not less than the Required Balance. The funding of the Debt Service Reserve Account shall continue in accordance with the Cash Waterfall until the Discharge Date.

Appears in 3 contracts

Samples: Intercompany Loan Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

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Funding of Debt Service Reserve Account. (A) Kosmos shall ensure on an ongoing basis that that, on and after the date upon which Project Completion occurs, deposits are made into each of the Debt Service Reserve Account Accounts in accordance with the Cash Waterfall until the balance of each such account is not less than the Required Balance. The funding of the relevant Debt Service Reserve Account shall continue in accordance with the Cash Waterfall until until, in the case of the Senior DSRA, the Senior Discharge Date, and in the case of the Junior DSRA, the Junior Discharge Date.

Appears in 1 contract

Samples: Common Terms Agreement (Kosmos Energy Ltd.)

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