Debt Payment Account. (a) The Administrative Agent shall, on or prior to the date of the Initial Loan, establish and maintain at the Borrower's expense an account (the "Debt Payment Account") with the Account Bank.
Debt Payment Account. The Collateral Agent shall, on each Payment Date occurring after the Conversion Date, transfer from the Revenue Account to the Debt Payment Account, to the extent of funds remaining on deposit in the Revenue Account after the application of funds provided for in Section 7.4 on such Payment Date: () first, an amount equal to one-third (1/3) of the next quarterly payment of Mandatory Secured Debt Service, and () second, an amount equal to one- third (1/3) of the next quarterly payment of Mandatory Unsecured Debt Service. If at any time amounts on deposit in the Debt Payment Account are insufficient to make all payments of Mandatory Secured Debt Service and Mandatory Unsecured Debt Service, then the Collateral Agent shall transfer to the Debt Payment Account such amounts as shall be necessary to fund such insufficiency, first from the Revenue Account, then from the Distribution Retention Account, then from the Debt Service Reserve Account, then from the NGC Reserve Account, then from the Proceeds Account and finally from the Maintenance Reserve Account; provided that the Collateral Agent shall transfer from the Debt Service Reserve Account only the portion of such insufficiency which is attributable to the principal of, interest on and Fees and other amounts due in respect of the Loans. Amounts on deposit in the Debt Payment Account shall be applied to make payments on Mandatory Secured Debt Service and Mandatory Unsecured Debt Service () with respect to amounts due on the Loans, when due and payable in accordance with the terms hereof, and () with respect to amounts due on other Mandatory Secured Debt Service and Mandatory Unsecured Debt Service, as requested in a Disbursement Certificate delivered by the Borrower to the Collateral Agent at least three (3) Business Days prior to the day on which any of such payments are to be made; provided that no payments on Mandatory Unsecured Debt Service shall be made while any amounts remain due and unpaid on any Mandatory Secured Debt Service.
Debt Payment Account. (a) Amounts shall be deposited into the Debt Payment Account as required pursuant to Section 5.03(b) (Revenue Account).
Debt Payment Account
