DSRA Required Balance definition

DSRA Required Balance means, at any time:

DSRA Required Balance has the meaning given to it in Clause 23.9.2 (Debt Service Reserve Account).

DSRA Required Balance means, at any time, the amount equal to the aggregate of Debt Service payable by the Issuer in the subsequent 12 (twelve) month period (other than any Financing Costs in respect of the Rose Notes and any principal amounts in respect of Non-Amortising Senior Debt);

Examples of DSRA Required Balance in a sentence

• Prior to causing or permitting a Seller Group Member or Xxxx Xxxxxx JV to be subject to an Insolvency Event, Seller shall provide Purchaser thirty (30) days’ advance written notice thereof.

• At any time the Debt Service Reserve Account is not fully funded with the DSRA Required Balance within five (5) Business Days of any drawdown of such Project Account.

• Sellers asked the Arbitrators to exercise their discretion to admit this claim, as Buyers knew that Sellers were disputing the analysis results and would not be prejudiced by the delay.

• If, at any time, the aggregate balance of the Debt Service Reserve Accounts is less than the DSRA Required Balance, the Issuer must, no later than 30 days after the date the balance falls below the DSRA Required Balance, make payments to the Debt Service Reserve Accounts necessary to ensure that the amounts standing to the credit of the Debt Service Reserve Accounts is (in aggregate) at least equal to the DSRA Required Balance.

• Not later than thirty (30) Days following any withdrawal from the Debt Service Reserve Account under Clause 8.4.3, the Issuer shall credit such additional amount to the Debt Service Reserve Account as is necessary to bring the Debt Service Reserve Account balance back to the DSRA Required Balance.

More Definitions of DSRA Required Balance

DSRA Required Balance means an amount equal to US$37,913,900.

DSRA Required Balance has the meaning assigned to it in the Offshore Accounts Agreement; “E&S Requirements” collectively, the IFC Performance Standards and the IIC Environmental and Social Requirements;

DSRA Required Balance means an amount equal to the next succeeding two quarterly scheduled payments of principal and interest due on the Outstanding Bonds, plus if a DSR Letter of Credit is to be provided, six months of interest which would be payable to the DSR LOC Provider assuming there were DSR Loans outstanding in an amount equal to the maximum amount of such DSR Letter of Credit.

DSRA Required Balance has the meaning given to in the Accounts Management Agreement.

DSRA Required Balance has the meaning given to such term in the Facility Agreement.

DSRA Required Balance means the “DSRA Required Balance” as such term is defined in the First Lien Facility Agreement as of the date hereof.

DSRA Required Balance means, in relation to a Calculation Period, the aggregate interest payable and net reduction of Loans scheduled to occur in the next Calculation Period, as shown in the then current Banking Case.