Examples of Debt Service Reserve Amount in a sentence
Reserve Sub-Account On any date, if funds available in the Debt Service Reserve Sub-Account are less than the Debt Service Reserve Amount, the Account Bank shall transfer monies, first from the Surplus Sub-Account, second from the Cash Trap Sub-Account, and third from the Refinance Reserve Sub-Account to meet the insufficiency.
The Debt Service Reserve Amount for each separate issuance of any Series of Notes, if any, shall be the amount, if any, specified in the Pricing Supplement for such Notes, which amount will be funded in the manner contemplated pursuant to Section 4.2 of the Principal Indenture and deposited into the separate Series Reserve Account in the Debt Service Reserve Fund maintained for that particular issuance of Notes.
After such reservation or reduction the Debt Service Reserve Amount for such second Payment Date shall equal $[ ].
Following any disbursement from the Lease-Up Debt Service Reserve, Borrower will be required to replenish the Lease-Up Debt Service Reserve (by depositing additional cash, or by posting a replacement Letter of Credit, as applicable) to the amount of the Lease-Up Debt Service Reserve Amount not more than 30 days following such disbursement.
If on any Scheduled Payment Date or LOC Substitution Date the aggregate of all Available Debt Service Reserve Funds exceeds the then current Debt Service Reserve Amount, the Collateral Agent shall direct the Depositary Agent to transfer an amount of immediately available funds in Dollars equal to such excess from the Debt Service Reserve Account to the Distribution Account.