DSR Required Balance definition

DSR Required Balance has the meaning given in the Depositary Agreement.
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DSR Required Balance has the meaning set forth in the Collateral Agreement.
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DSR Required Balance means (a) on or prior October 31, 2024, $5,000,000 and (b) thereafter, all principal and interest in respect of Loans required to be paid by the Borrower under the Loan Documents scheduled to be due during any three (3) month period commencing from (and excluding) any Payment Date up to (but including) the immediately succeeding Payment Date and occurring on or before the Maturity Date, as set forth in the then current Base Case Financial Model as confirmed by the Administrative Agent (acting at the direction of the Required Lenders).
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Examples of DSR Required Balance in a sentence

  • The Debt Service Reserve Account shall have been funded in cash or by the posting of DSR Letters of Credit to the DSR Required Balance in accordance with the Collateral Agreement.

  • Borrower shall use the DSR Letter of Credit to support its obligation to maintain the DSR Required Balance in the Debt Service Reserve Account pursuant to Section 4.6 of the Depositary Agreement.

  • In his opinion agile enterprise characterized by a fast moving, adaptable and robust enterprise, in business market.

  • The Borrower shall have funded or shall fund on the Term Conversion Date the Debt Service Reserve Account in cash or through issuance of DSR Letters of Credit in an amount equal to the DSR Required Balance on such date.

  • The Borrower shall have funded, or shall fund on the first Quarterly Payment Date in 2024, the Debt Service Reserve Account, in cash or through issuance of Letters of Credit, in an amount equal to the DSR Required Balance on such date.

  • The Borrower shall have funded or shall fund on the Term Conversion Date the Debt Service Reserve Account, in cash or through issuance of DSR Letters of Credit, in an amount equal to the DSR Required Balance on such date.

  • The Borrower shall ensure that, on or prior to the Reserve Account Funding Start Date, the Debt Service Reserve Account shall have on deposit an amount at least equal to the DSR Required Balance as of the Reserve Account Funding Start Date.

  • Such amount requested equals the amount necessary to fund the Debt Service Reserve Account so that the amount then on deposit in or credited to the Debt Service Reserve Account plus the aggregate Drawing Amount under all issued and outstanding Letters of Credit issued for such purpose as of the date hereof equals the DSR Required Balance as of the date hereof.

  • The commitment of the LC Bank or any of the GenHoldings Lenders to issue or participate in a Letter of Credit to fulfill the Borrower’s obligation to fund the Debt Service Reserve Account in an amount equal to the DSR Required Balance is hereby terminated.

  • Co-Borrowers shall have funded or shall fund on the Term Conversion Date the Debt Service Reserve Account in cash in an amount equal to the DSR Required Balance on such date.


More Definitions of DSR Required Balance

DSR Required Balance means, as of any date, an amount equal to all principal and interest in respect of the Term Loans due or to become due within six months after such date.
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DSR Required Balance means, as of any date, an amount equal to all principal (other than the final principal payment of the Loans on the Maturity Date and excluding, for the avoidance of doubt, any principal required to be repaid pursuant to Section 2.1.6(c)), the LC Fee, the Commitment Fee, the Fronting Fee and interest in respect of the Term Loans (other than the LC Fee, the Commitment Fee, the Fronting Fee and interest in respect of the Term Loans payable on the Maturity Date) due or to become due within six months after such date. For the purposes of the foregoing, interest shall be determined after giving effect to any net payments expected to be made or received by Borrower with respect to any Interest Rate Agreements.
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DSR Required Balance. ’ means the aggregate amount of:
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DSR Required Balance means, as of any date of determination, an amount equal to the Debt Service projected to be due during the next six (6)-month period following such date of determination plus (or minus), without duplication, any net payments reasonably anticipated to be payable by a Project Company or received by a Project Company, as the case may be, under Secured Hedge Agreements during such period, as reasonably determined by Borrower based on the assumption that interest will continue to accrue on the Term Loans and Incremental Term Loans at the blended fixed rate set forth in the Secured Hedge Agreements.have the meaning assigned to such term in the Credit Agreement.
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DSR Required Balance means, as of any date of determination, an amount equal to the Debt Service projected to be due during the next six (6)-month period following such date of determination.
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Related to DSR Required Balance

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Class C Required Amount means with respect to any Payment Date, an amount equal to the excess of the amount described in Section 4.4(a)(v) over Available Finance Charge Collections applied to pay such amount pursuant to Section 4.4(a).

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Planned Balance Not applicable.

  • Payahead Balance on a Precomputed Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Payaheads made by or on behalf of the Obligor with respect to such Precomputed Receivable, as reduced by applications of previous Payaheads with respect to such Precomputed Receivable, pursuant to Sections 8.02(b) and 9.09.

  • Scheduled Balance Not applicable.

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Targeted Balances Not applicable.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Required Collateral Fund Balance As of any date of determination, an amount equal to the aggregate of all amounts previously required to be deposited in the Collateral Fund pursuant to Section 2.02(d) (after adjustment for all withdrawals and deposits pursuant to Section 2.02(e)) and Section 2.03(b) (after adjustment for all withdrawals and deposits pursuant to Section 2.03(c)) and Section 3.02 to be reduced by all withdrawals therefrom pursuant to Section 2.02(g) and Section 2.03(d).

  • 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.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $4,792,570.75 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Class C Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • 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.