Common use of Debt Service Reserve Account Clause in Contracts

Debt Service Reserve Account. 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.

Appears in 3 contracts

Samples: Bpifae Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

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Debt Service Reserve Account. (a) At any time after the date of this Agreement 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. (b) At any time the Debt Service Reserve Account is not fully funded with the DSRA Required Cash Balance within five (5) Business Days of any drawdown of such Project Account.

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.)

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Debt Service Reserve Account. At any time during the First Lien Facility Period 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.

Appears in 1 contract

Samples: Second Lien Facility Agreement (Globalstar, Inc.)

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