DEBT RESERVE ACCOUNT. The Administrative Agent, acting in accordance with Section 8.8, shall on the Conversion Date deposit into the Debt Reserve Account (to the extent that cash is available for such purpose) the Debt Reserve Required Balance and thereafter the Administrative Agent shall deposit amounts into the Debt Reserve Account from amounts on deposit in the Revenue Account as specified in Section 8.12(b).
DEBT RESERVE ACCOUNT. On and from the Conversion Date if, as of any date on which the payment of interest on or principal of the Loans becomes due and payable as certified by the Company to the Administrative Agent, the cash available in the Revenue Account and the Excess Revenue Account is insufficient to make such payment obligations on such date in accordance with Sections 8.12 and 8.20, the Administrative Agent shall transfer to the Administrative Agent, for the benefit of the Lenders an amount (to the extent cash is available in the Debt Reserve Account) to remedy any such insufficiency. Upon the occurrence and during the continuance of a Default or an Event of Default, funds in the Debt Reserve Account may be utilized to pay interest on and principal of the Loans.
DEBT RESERVE ACCOUNT. The Collateral Trustee shall deposit amounts into the Debt Reserve Account from amounts on deposit in the Revenue Account as specified in Section 8.8(b).
DEBT RESERVE ACCOUNT. On and from the Conversion Date if, as of any date on which the payment of interest on or principal of the Loans becomes due and payable as certified by the Company to the Administrative Agent, the cash available in the Revenue Account and the Excess Revenue Account is insufficient to make such payment obligations on such date in accordance with Sections 8.11 and 8.19, the Administrative Agent is authorised to, and shall, transfer from the 128 Debt Reserve Account, for the benefit of the Lenders an amount (to the extent cash is available in the Debt Reserve Account) to remedy any such insufficiency. Upon the occurrence and during the continuance of a Default or an Event of Default, funds in the Debt Reserve Account may be utilized to pay interest on and principal of the Loans.
DEBT RESERVE ACCOUNT. (5) Parent Interest Reserve Account; (6) Operating Reserve Account;
DEBT RESERVE ACCOUNT. The Administrative Agent shall transfer amounts -------------------- on deposit in the Revenue Account to the Debt Reserve Account in accordance with Sections 8.08(a) and 8.08(d). ---------------- -------
DEBT RESERVE ACCOUNT. If, subsequent to the Commercial -------------------- Operation Date, on any date on which the payment of principal or interest on the Loans or fees due to the Agents or Lenders becomes due and payable, the amounts on deposit in the Revenue Account are insufficient to make the payment obligations set forth in clauses second, third and fourth of Section 8.08(c) on -------------- ----- ------ --------------- such date, the Administrative Agent shall distribute to the Lenders the amount (to the extent amounts on deposit are available in the Debt Reserve Account) equal to the amount of any deficiency in the payment obligations set forth in clauses second, third and fourth of Section 8.08(c) on such date. -------------- ----- ------ ---------------
DEBT RESERVE ACCOUNT. The Borrower shall at all times maintain an amount equal to six months of interest payments and six months of Minimum Principal Payments in the Debt Reserve Account; provided, however, that if there is a draw on the Debt Reserve Account by the Administrative Agent in accordance with the terms of the Depositary Agreement, the Borrower shall not be deemed to be in breach of this Section 8.17 as long as the Debt Reserve Account is replenished in accordance with the provisions of the Depositary Agreement.
DEBT RESERVE ACCOUNT. Holdings Interest Reserve Account; (6) Operating Reserve Account; (7) Insurance Proceeds Account; (8) Clean-Up Account; (9) Sales and Issuances Proceeds Account; (10) Construction Contingency Reserve Account; (11) VAT Refund Account; and (12)
DEBT RESERVE ACCOUNT. The Administrative Agent shall deposit amounts -------------------- in the Debt Reserve Account from amounts on deposit in the Revenue Account as specified in Sections 8.08(a) and (d). ---------------- ---
