Debt Service Reserve Required Balance means, as of the end of each fiscal quarter of the Borrower, an amount equal to Mandatory Debt Service projected to become due during the next succeeding six (6) months, as calculated by the Administrative Agent.
Debt Service Reserve Required Balance means, on the Closing Date, $6,200,000, and thereafter an amount equal to the aggregate amount of the principal and interest due on the Senior Secured Notes on the next succeeding semi-annual scheduled payment date.
Debt Service Reserve Required Balance means, individually and collectively, as applicable, any Senior Debt Service Reserve Required Balance or the TIFIA Debt Service Reserve Required Balance.
Examples of Debt Service Reserve Required Balance in a sentence
Upon receipt of any such Capital Call Notice, each Direct Shareholder shall make a Cash Contribution (or, in the case of the Debt Service Reserve Required Balance, may provide an Acceptable Letter of Credit in accordance with the terms of the Accounts Agreement), in each case, on or prior to the applicable date and in the applicable amount set forth in such Capital Call Notice based on the Ford Share and SK Share.
More Definitions of Debt Service Reserve Required Balance
Debt Service Reserve Required Balance has the meaning given to such term in the Accounts Agreement.
Debt Service Reserve Required Balance means, as of any Semi-annual Payment Date, the amount specified for such Semi-annual Payment Date in Schedule 10.10, which amount shall remain constant at all times thereafter until the following Semi-annual Payment Date, provided that in no event shall the Debt Service Reserved Required Balance be less than, as of any date, an amount equal to the forecasted scheduled Debt Service for the next succeeding six month period.
Debt Service Reserve Required Balance means an amount equal to the sum of the next two (2) quarterly principal and interest payments coming due on the Loans.
Debt Service Reserve Required Balance. Debt Service Reserve Fund', 'Interest Payment Date', 'Principal Fund' and 'Principal Payment Date'. 3.
Debt Service Reserve Required Balance has the meaning specified in the CADA.
Debt Service Reserve Required Balance means $15,000,000 from the Closing Date through the Final Maturity Date.
Debt Service Reserve Required Balance means an amount equal to six (6) future payments of principal and interest under the Notes.