Debt Service Reserve Requirement. (a) The Borrower shall establish and maintain, a Debt Service Reserve Account (the “Debt Service Reserve Account”).
Debt Service Reserve Requirement. (a) The Company shall fund the Debt Service Reserve Account in the amount of the relevant Debt Service Reserve Requirement.
Debt Service Reserve Requirement. The Borrower shall maintain the Debt Service Reserve Account, and shall fund the Debt Service Reserve Account in the amount of the Debt Service Reserve Requirement A or the Debt Service Reserve Requirement B, as the case may be, in accordance with Clause X(1)(b) and (c) above. The Borrower undertakes not to afford to any of the other lenders or allow there to exist in favor of any of the other lenders terms more favorable than those set out herein in respect of requirement of the reserves equivalent to the Debt Service Reserve Requirement under the Other Facility Agreement without extending such favorable terms to the LENDERS.
Debt Service Reserve Requirement. (i) The Borrower shall either fund the Debt Service Reserve Account in the amount of, or maintain one or more Debt Service Reserve Letters of Credit in a face amount from time to time equal to, the relevant Debt Service Reserve Requirement.
Debt Service Reserve Requirement i. [The] [Each] Reserve Letter of Credit in effect on the date hereof is described below: [ ].
Debt Service Reserve Requirement. 35 ARTICLE VI
Debt Service Reserve Requirement. The Debt Service -------------------------------- Reserve Requirement may be satisfied by the Borrower by one or a combination of the following: (i) cash; (ii) a letter of credit issued by a commercial bank or other financial institution whose long-term unsecured debt securities are rated A or better by S&P's and A2 or better by Xxxxx'x; and (iii) an EME Debt Service Reserve Guarantee.
Debt Service Reserve Requirement. The Debt Service Reserve Account shall have been funded (including, at the Borrower’s option, by the posting of Debt Service Letters of Credit (as such term is defined in the Depositary Agreement)) to an amount equal to or greater than the Debt Service Reserve Requirement.
Debt Service Reserve Requirement. OPIC shall have received evidence that funds or assets on deposit in the Debt Service Reserve Account have a market value at least equal to the Debt Service Reserve Requirement.
Debt Service Reserve Requirement. Upon Construction Completion and as of such date, the Borrower shall make contributions to the Debt Service Reserve Account in accordance with the provisions of the Accounts Agreement, in order to comply with Debt Service Reserve Requirement. Without derogating from the foregoing or from its obligation to maintain the Debt Service Reserve Requirement at all times, the Borrower shall be entitled to, and required to if so instructed by the Agent, utilize funds in the Debt Service Reserve Account in accordance with provisions of clause 8.2 of the Account Agreement.
