Common use of Depositary Accounts Clause in Contracts

Depositary Accounts. 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. The Construction Account shall have been funded to an amount equal to or greater than the Final Completion Amount.

Appears in 5 contracts

Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)

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