Debt Service Advance means an advance made by the Servicer (or, if the Servicer fails to do so, the Trustee) on a Quarterly Payment Date in respect of the Senior Notes Quarterly Interest Shortfall Amount on any Quarterly Payment Date.
Debt Service Advance means the advance required to be made by the Servicer (to the extent so provided in Section 2.08) on the Business Day preceding each Payment Date in an amount equal to the excess of (i) the Monthly Payment Amount for such Payment Date over (ii) the amount of funds on deposit in the Collection Account available to pay such amount in accordance with the distribution priorities set forth in Section 5.01(a)(iv) of the Indenture on such date.
Debt Service Advance means the advance required to be made by the Servicer on the Business Day preceding each Payment Date in an amount equal to the excess of (i) the Monthly Payment Amount for such Payment Date over (ii) the amount of funds available to pay such amount in accordance with the distribution priorities set forth in Section 5.01(b) on such date.
Examples of Debt Service Advance in a sentence
To the extent that the Servicer fails to make any Debt Service Advance required hereunder, the Indenture Trustee by 1:00 p.m. (New York City time) on the related Payment Date shall make such Debt Service Advance pursuant to the terms of this Agreement, in each case unless such Advance is determined to be a Nonrecoverable Debt Service Advance.
More Definitions of Debt Service Advance
Debt Service Advance has the meaning assigned thereto in Section 4.03(a).
Debt Service Advance has the meaning set forth in the Servicing Agreement.
Debt Service Advance has the meaning set forth in Section 17.3.
Debt Service Advance means an advance made by the Servicer (or, if the Servicer fails to do so, the Trustee) on a Quarterly Payment Date in respect of the Senior Notes Quarterly Interest Shortfall Amount on any Quarterly Payment Date. “Default” means any Event of Default or any occurrence that with notice or the lapse of time or both would become an Event of Default. “Defeased Series” has the meaning set forth in Section 12.1(c) of the Base Indenture. “Definitive Notes” has the meaning set forth in Section 2.12(a) of the Base Indenture. “Depository Agreement” means, with respect to a Series or Class of a Series of Notes having Book-Entry Notes, the agreement among the Master Issuer, the Trustee and the Clearing Agency governing the deposit of such Notes with the Clearing Agency, or as otherwise provided in the applicable Series Supplement. “DSCR” means, as of any Quarterly Payment Date, an amount equal to (i) the Net Cash Flow over the four (4) immediately preceding Quarterly Collection Periods, divided by (ii) the
Debt Service Advance means an amount equal to the excess of (i) the Monthly Payment Amount due and payable on such Payment Date over (ii) the sum of (x) the amount of funds on deposit in the Debt Service Sub-Account on such day and (y) the amount on deposit in the Liquidity Reserve Sub-Accounts on such day, in each case available to pay such Monthly Payment Amount on such day.
Debt Service Advance has the meaning given that term in Section 3.
Debt Service Advance has the meaning provided in Section 2.01(c)(i) of this Loan Agreement.