Debt Reserve Account definition

Debt Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Debt Reserve Account means the Debt Reserve Account established in Section 502.

Debt Reserve Account means a deposit account (as defined in Article 9 of the UCC) of the Borrower established and maintained at the Depositary Bank, which shall be established on or prior to the Account Establishment Date and shall at all times thereafter be subject to a Blocked Account Control Agreement.

Examples of Debt Reserve Account in a sentence

• 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.

• 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).

• In my view, Japan is still in the middle of a journey to find its rightful place in the international community.

• On or prior to the Account Establishment Date, the Borrower shall open and establish the Debt Reserve Account at the Depositary Bank.

• Following the opening and establishment of the Debt Reserve Account, the Borrower shall at all times thereafter maintain the Debt Reserve Account and cause the Debt Reserve Account to be subject to a Blocked Account Control Agreement.

More Definitions of Debt Reserve Account

Debt Reserve Account means the special account designated by that name -------------------- established by the Administrative Agent pursuant to Section 8.01(a). ---------------

Debt Reserve Account means Account No. 104479 established by the Borrower with Citibank, N.A. in which cash and Cash Equivalents may from time to time be on deposit or held therein, and the proceeds of which shall be used solely for (x) the redemption or repurchase of the Specified Debt, (y) after the Specified Debt has been repaid in full, the redemption or repurchase of Indebtedness permitted under Section 8.6(b)(vi) and (z) the purposes specified in Section 2.8(f).

Debt Reserve Account is defined in the Depositary Agreement.

Debt Reserve Account means an interest bearing account in the joint names of the Borrowers with the Account Bank or with any other branch of the Account Bank or any other bank or financial institution other than the Account Bank which is designated by the Agent as the Debt Reserve Account for the purposes of the Agreement;

Debt Reserve Account is defined in Section 2.14.1 of the Securities -------------------- -------------- Accounts Agreement.

Debt Reserve Account means the Debt Reserve Account of the Sinking Fund established in Section 4.04 of the General Bond Ordinance.

Debt Reserve Account means the account in the name of the Issuer maintained by the Cash Manager, into which amounts necessary to satisfy the Debt Reserve Test will be deposited;