Withdrawals from the Debt Service Reserve Account. If, on any date on which the Debt Service in respect to Secured Obligations is due and payable, the amounts on deposit in the Debt Service Accrual Account are not sufficient to pay the full amount of such Debt Service then due and payable, the Collateral Agent shall withdraw from the Debt Service Reserve Account an amount equal to such deficiency and transfer such amounts to the Debt Service Accrual Account to be applied in payment thereof.
Withdrawals from the Debt Service Reserve Account. If at any time when amounts are required to be paid pursuant to Waterfall Level (3) and (4) of Section 3.3.2(c), or the Company is required to provide Forced Outage Replacement RECs to DPL under the Tariff during a Forced Outage Event, and insufficient funds are contained in the Revenue Account and Distribution Suspense Account to pay such amounts (a “Debt Service Deficiency”), Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw from the Debt Service Reserve Account funds deposited in or credited to such Account, in an amount sufficient to pay such amounts. [***] Confidential Treatment Requested
Withdrawals from the Debt Service Reserve Account. If at any time when amounts are required to be paid pursuant to Waterfall Level (3) and (4) of Section 3.3.2(c) and insufficient funds are contained in the Revenue Account and Distribution Suspense Account to pay such amounts (a “Debt Service Deficiency”), Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw from the Debt Service Reserve Account funds deposited in or credited to such Account, in an amount sufficient to pay such amounts.
Withdrawals from the Debt Service Reserve Account. Subject to Clause 9.3 (Excess Funding in the Debt Service Reserve Account), if, on any date, the aggregate balance of the Debt Service Account is insufficient to pay any Debt Service then due under the Finance Documents:
(a) the Borrower shall withdraw cash up to the amount of such shortfall from the Debt Service Reserve Account to pay such Debt Service then due, but not otherwise; or
(b) if the Borrower fails to make a withdrawal pursuant to paragraph (a) above in accordance with the terms of this Agreement, the BPIFAE Agent may (and is hereby entitled to) withdraw cash up to the amount of such shortfall from the Debt Service Reserve Account to pay such Debt Service then due.
Withdrawals from the Debt Service Reserve Account. (A) Subject to paragraph (B) below, amounts standing to the credit of the Debt Service Reserve Account may be withdrawn only:
(i) to pay any Financing Costs under the Facility to the extent that the Borrower is not able to make such payment pursuant to Clause 19 (Operation of Project Accounts); or
(ii) to make a mandatory prepayment pursuant to Clause 8.3 (Aggregate of Loans outstanding exceed the Borrowing Base Amount).
(B) In addition, withdrawals may be made from the Debt Service Reserve Account to the extent the amount withdrawn is equal to or less than the amount (if any) by which the amount standing to the credit of the Debt Service Reserve Account exceeds the applicable Required Balance at that time. Any such withdrawal may be applied in accordance with, and for the purposes set out in, Clause 19 (Operation of Project Accounts).
Withdrawals from the Debt Service Reserve Account. On each Payment Date and on each other date on which Debt Service is due and owing on the Notes, the Depositary will, after application to the payment of Debt Service of all funds available therefor in the Revenue Account, at the written request of the Collateral Agent (in accordance with the directions of the Required Holders), withdraw from the Debt Service Reserve Account and/or draw on the Debt Service Reserve Letter of Credit and/or withdraw from the Proceeds Account and transfer to the holders of the Notes amounts necessary to pay Debt Service then due and owing to such holders (as set forth in such written request). If no Event of Default exists, any draw on the Debt Service Reserve Letter of Credit shall be made only to the extent the amount of any cash then available in the Debt Service Reserve Account is insufficient to satisfy the amount of Debt Service then due and owing on the Notes (after application of all funds available therefor in the Revenue Account).
Withdrawals from the Debt Service Reserve Account. Funds in the Debt Service Reserve Account may be withdrawn only as follows:
Withdrawals from the Debt Service Reserve Account. On any date when the amounts available at priorities third, fourth and seventh as set forth in Section 6.01(c) (Revenue Account) are insufficient to pay Debt Service then due and owing, the Accounts Bank shall (upon written notification from the Borrower or the Administrative Agent, with a copy to the Administrative Agent or the Borrower, as applicable, setting forth the amount of such shortfall) withdraw funds from the Debt Service Reserve Account to pay to the Administrative Agent, for the account of the Senior Secured Parties, the amount of such shortfall of the Debt Service then due and
Withdrawals from the Debt Service Reserve Account. On each Payment Date and on each other date on which Debt Service is due and owing on the Notes, the Depositary will, after application to the payment of Debt Service of all funds available therefor in the Revenue Account, at the written request of the Collateral Agent (in accordance with the directions of the Required Holders), withdraw from the Debt Service Reserve Account and/or draw on the Debt Service Reserve Letter of Credit and transfer to the holders of the Notes amounts necessary to pay Debt Service then due and owing to such holders (as set forth in such written request). If no Event of Default exists, any draw on the Debt Service Reserve Letter of Credit shall be made only to the extent the amount of any cash then available in the Debt Service Reserve Account is insufficient to satisfy the amount of Debt Service then due and owing on the Notes (after application of all funds available therefor in the Revenue Account).
Withdrawals from the Debt Service Reserve Account. On each date on which Debt Service is due and owing, to the extent not otherwise paid to the Noteholders on such date, the Collateral Agent shall instruct (at the written direction of the Required Holders), the Securities Intermediary to withdraw from the Debt Service Reserve Account and transfer to the Noteholders any remaining Debt Service then due and owing to such Noteholders, such transfer to such Noteholders to be on a basis consistent with the second and third clauses of Section 2.6 of the Collateral Agency Agreement.
