DSR Account definition

DSR Account has the meaning given in Section 1.1 of the Depositary Agreement.

DSR Account means the account designated by that name established by Depositary Agent pursuant to Section 2.1.

DSR Account means an account in the name of the Issuer with an Account Bank, blocked and pledged on first priority as security for the Issuer's obligations under the Finance Documents.

Examples of DSR Account in a sentence

• If, at any time when amounts are required to be paid pursuant to Waterfall Level (2) through Waterfall Level (4), insufficient funds are contained in the Revenue Account to pay such amounts (a “Debt Service Deficiency”), Lender shall direct Depositary to withdraw from the DSR Account funds deposited in or credited to such Account, or Lender shall draw upon any applicable Cash-Substitute LC in an amount sufficient to pay such amounts.

• To the extent at any such time there are insufficient funds between the Revenue Account and the DSR Account and any draw upon any applicable Cash-Substitute LC to pay the Debt Service Deficiency, such amounts shall be satisfied in the order of priority of the applicable Waterfall Levels.

• Upon and after the first Repayment Date, such amount shall be calculated by Lender for the then-prospective four Repayment Periods, and such calculated amount shall be the “DSR Requirement.” If, on any Repayment Date, the balance in the DSR Account is less than the DSR Requirement, there shall be deposited all amounts in excess of the amounts applied pursuant to Waterfall Levels (1)-(4) in the DSR Account until the balance in the DSR Account is equal to the DSR Requirement.

• The amount on deposit in the DSR Account shall be not less than the DSR Requirement.

• On the Initial Borrowing Date, Borrower shall deposit or cause to be deposited into the DSR Account an amount that equals the scheduled Debt Service for the twelve-month period following the Commercial Operation Date, which amount may be obtained through a Loan that otherwise meets all of the requirements of this Agreement.

More Definitions of DSR Account

DSR Account means the account of such name maintained by the Company with the Collateral Trustee in accordance with the Security Deposit Agreement.

DSR Account means the US dollars denominated account opened or to be opened by the Borrower with the Lender and designated or identified as such (as the same may be re-designated, substituted or replaced from time to time).

DSR Account has the meaning given in Section 7.3(a).

DSR Account means a debt service retention account establish as a client account with the Escrow Agent or in the name of the Issuer with an account bank approved by the Bond Trustee, blocked and pledged on first priority as Security for the Issuer's obligations under the Finance Documents, and operated in accordance with Clause 13.24 (Transfers to the DSR Account), where the Issuer shall, subject to the DSR Account Pledge, be entitled to all interest receivable (if any) derived from the amount in the DSR Account.

DSR Account means the senior debt service reserve account established pursuant to Section 5.16 to meet potential shortfalls in interest or principal payments on the Loan.

DSR Account shall have the meaning set forth in Section 12.16.

DSR Account has the meaning set forth in Section 2.2(b).