Debt Reserve Amount definition

Debt Reserve Amount means, at any time of determination, an amount equal ------------------- to six months of anticipated interest on the Loans using the interest rate in effect as of such date with respect to the Loans plus an amount equal to the next scheduled principal payment on the Loans.
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Debt Reserve Amount means, at any time of determination, an amount equal ------------------- to the sum of (a) an amount equal to the anticipated interest on the Loans (based on the then current rates applicable to the then outstanding Loans) for the following 6 months (after giving effect to any prepayment thereof) plus (b) an amount equal to the total of the next scheduled principal payment on each of the Term Loans due on the next Principal Payment Date (without giving effect to any prepayment thereof), provided that in no event shall the Debt Reserve Amount -------- exceed the principal amount outstanding under the Term Loans plus six months of anticipated interest thereon.
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Debt Reserve Amount means an amount equal to the sum of (i) all estimated interest payments and scheduled principal repayments due under the Term Facility within the six month period following the date of determination, plus (ii) all estimated interest payments plus any mandatory payments of principal required as a result of any reduction of the Revolving Credit Facility pursuant to Section 7.4 hereof due within the six month period following the date of determination (assuming the Revolving Credit Facility is fully drawn), plus (iii) estimated interest payments and scheduled principal repayments due within the six month period following the date of determination under any Indebtedness of or guaranteed by ADM (assuming any revolving credit facilities are fully drawn) and ranking pari passu with the Credit Facilities.
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Examples of Debt Reserve Amount in a sentence

  • Without limiting Section 8.1(b), ADM shall ensure that at all times the sum of (i) cash or cash equivalents on deposit in the Proceeds Account plus (ii) the undrawn amount of the Revolving Credit Facility equals or exceeds the aggregate of the Debt Reserve Amount, the Cash Call Reserve Amount and the Capital Costs Reserve Amount.

  • The Administrative Agent shall have received and be satisfied with evidence that the Proceeds Account has been established and cash or cash equivalents in an aggregate amount equal to the Cash Call Reserve Amount plus the Debt Reserve Amount is on deposit therein or the Borrowers shall have provided to the Administrative Agent an irrevocable direction to pay such amount to the Proceeds Account out of the proceeds of the initial Borrowing.


More Definitions of Debt Reserve Amount

Debt Reserve Amount means in relation to each Payment Date after the Initial Period and up to (but excluding) the Payment Date on which the Senior Notes are redeemed in full an amount equal to 1.5% oft eh principal Amount Outstanding of the Senior Notes.
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