Debt Service Reserve LOC Reimbursement Agreement definition

Debt Service Reserve LOC Reimbursement Agreement means the Debt Service Reserve Letter of Credit and Reimbursement Agreement, dated as of October 10, 2003, among the Partnership, the Initial Bank and the Banks (each as defined therein) party thereto from time to time, and Credit Lyonnais New York Branch, as agent, and any replacement agreement under or pursuant to which any Debt Service Reserve Letter of Credit is provided, in each case as any such agreement may be amended, modified, or supplemented from time to time."
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Debt Service Reserve LOC Reimbursement Agreement means an agreement for the issuance of a Debt Service Reserve Letter of Credit and reimbursement of any Debt Service Reserve LOC Loans, fees and expenses between the Debt Service Reserve LOC Provider and one or more of the Partnerships.
Sample 1
Debt Service Reserve LOC Reimbursement Agreement or "DSR Reimbursement Agreement" means the Debt Service Reserve Letter of Credit and Reimbursement Agreement, dated as of October ___, 2003, among the Partnership, the Initial Bank and the Banks (each as defined therein) party thereto from time to time, and Credit Lyonnais New York Branch, as agent, and any replacement agreement under or pursuant to which any Debt Service Reserve Letter of Credit is provided, in each case as any such agreement may be amended, modified, or supplemented from time to time."
Sample 1

Examples of Debt Service Reserve LOC Reimbursement Agreement in a sentence

  • Period ---------------------------------------------------- From and including To and including Requirement* ------------------ ---------------- ------------ June 16, 1999 December 15, 1999 $24,279,160 December 16, 1999 June 15, 2000 $24,279,160 June 16, 2000 December 15, 2000 $24,279,160 -------- * Prior to giving effect to any drawings under the Debt Service Reserve Letter of Credit or reinstatement pursuant to the Debt Service Reserve LOC Reimbursement Agreement.

  • Xxxxxxx Title: Senior Vice President CREDIT LYONNAIS NEW YORK BRANCH, as agent bank under the Debt Service Reserve LOC Reimbursement Agreement and as a Senior Party By: /s/ XXXXX X.

  • Any Debt Service Reserve Letter of Credit will be issued pursuant to the Debt Service Reserve LOC Reimbursement Agreement.

  • The conditions precedent contained in Section 3.1 of the Debt Service Reserve LOC Reimbursement Agreement and the Working Capital Facility shall have been satisfied.

  • Any Debt Service Reserve Letter of Credit will be issued pursuant to a Debt Service Reserve LOC Reimbursement Agreement.

  • Notwithstanding anything to the contrary contained herein, no increase in the Debt Service Reserve Requirement occasioned by the issuance of Additional Securities shall result in an increase in the outstanding amount under the Debt Service Reserve Letter of Credit in effect on the date of the issuance of the Initial Securities without the consent of the banks in accordance with the Debt Service Reserve LOC Reimbursement Agreement.

  • The conditions precedent contained in Section 3.1 of the Debt Service Reserve LOC Reimbursement Agreement and Section 3.1 of the Reimbursement Agreement shall have been satisfied.

  • Xxxxxxxxxx Title: Senior Vice President [First Amendment to Collateral Agency and Intercreditor Agreement] ACKNOWLEDGED AND AGREED as of the date first above written: BNP PARIBAS (f/k/a BANQUE NATIONALE DE PARIS), as agent bank under the original Debt Service Reserve LOC Reimbursement Agreement By: /s/ XXXXXX X.


More Definitions of Debt Service Reserve LOC Reimbursement Agreement

Debt Service Reserve LOC Reimbursement Agreement means the Debt Service Reserve Letter of Credit and Reimbursement Agreement, dated as of the Closing Date, between CE Generation and the Debt Service Reserve LOC Provider, or any similar agreement supplementing, refinancing or replacing, in whole or in part, such Debt Service Reserve Letter of Credit and Reimbursement Agreement or any other then existing Debt Service Reserve LOC Reimbursement Agreement which provides for credit facilities in an aggregate principal amount equal to or less than (i) the Debt Service Reserve Requirement, as the same may be adjusted from time to time in accordance with Schedule V, less (ii) the aggregate principal amount of credit facilities under the then existing Debt Service Reserve LOC Reimbursement Agree ment which are not being replaced so long as any such refinancing or replacement is effected in accordance with the terms of any then existing Debt Service Reserve LOC Reimbursement Agreement.
Sample 1
Debt Service Reserve LOC Reimbursement Agreement means an agreement pursuant to which the Debt Service Reserve LOC Provider issues one or more Debt Service Reserve Letters of Credit.
Sample 1

Related to Debt Service Reserve LOC Reimbursement Agreement

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • 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.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

  • Professional Fee Reserve Amount means the aggregate Accrued Professional Compensation through the Effective Date as estimated by the Retained Professionals in accordance with Article II.A.2.c of this Plan.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.