Debt Service Reserve Fund Requirement definition

Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

Debt Service Reserve Fund Requirement means, as of a particular date of computation, and with respect to a particular issue of bonds, the amount required to be on deposit in the debt service reserve fund, which amount:

Debt Service Reserve Fund Requirement means, as of any date of calculation, the aggregate of the amounts specified as the Debt Service Reserve Fund Requirement for each Series of Bonds in the Supplemental Resolution authorizing the issuance of a Series of Bonds; provided, however, that a Supplemental Resolution may provide that the Debt Service Reserve Fund Requirement for the Series of Bonds authorized thereunder may be funded, in whole or in part, through Cash Equivalents and such method of funding shall, to the extent of such funding, be deemed to satisfy all provisions of the General Resolution with respect to the Debt Service Reserve Fund Requirement and the amounts required to be on deposit in the Debt Service Reserve Fund.

Examples of Debt Service Reserve Fund Requirement in a sentence

• Under a Replenishment Agreement, the Town is required to take such actions as necessary to assure that the amounts required to meet the Debt Service Reserve Fund Requirement will be available on the Bond Payment Date.

• The Borrower agrees to restore the Series B Bonds Debt Service Reserve Fund to the Series B Bonds Debt Service Reserve Fund Requirement by directing the Trustee to transfer available funds, if any, to the Series B Bonds Debt Service Reserve Fund from the Surplus Fund.

• The Trustee shall promptly notify the Corporation of the results of such computation and the amount by which the amount in the Debt Service Reserve Fund exceeds or is less than the Debt Service Reserve Fund Requirement, if any.

• The DIP Facility Claims shall be satisfied in full as part of the Series 2021 Bonds in connection with the Debt Service Reserve Fund Requirement.

• If at any time the amount in the Debt Service Reserve Fund is not at least equal to the Debt Service Reserve Fund Requirement, the Corporation shall have no obligation to maintain or restore the Debt Service Reserve Fund to the Debt Service Reserve Fund Requirement other than as expressly provided in this Indenture.

More Definitions of Debt Service Reserve Fund Requirement

Debt Service Reserve Fund Requirement means that amount as reasonably determined by the underwriter or placement agent for the TIF Notes with the reasonable concurrence of the City’s Financial Advisor.

Debt Service Reserve Fund Requirement means that amount as reasonably determined

Debt Service Reserve Fund Requirement means an amount equal to the maximum Debt

Debt Service Reserve Fund Requirement means, as of any date of determination, an amount equal to the least of:

Debt Service Reserve Fund Requirement means, as of any particular date of calculation, an amount equal to the aggregate of the amounts specified in each and every series resolution to be deposited in the Debt Service Reserve Fund with respect to all such series of Bonds.

Debt Service Reserve Fund Requirement means, for the 2023 Series Bonds, the aggregate of the Debt Service Reserve Fund Components described in Exhibit B attached to this Supplemental Resolution. Upon issuance of the 2023 Series Bonds, the Debt Service Reserve Fund Requirement for the 2023 Series Bonds shall be initially equal to $[ ], as reflected in said Exhibit B.

Debt Service Reserve Fund Requirement means, for the 2022 Series Bonds, the aggregate of the Debt Service Reserve Fund Components described in Exhibit B attached to this Supplemental Resolution. Upon issuance of the 2022 Series Bonds, the Debt Service Reserve Fund Requirement for the 2022 Series Bonds is initially equal to $ , as reflected in said Exhibit B.