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

DSR Requirement means, with respect to any Project, an amount equal to the aggregate amount of interest projected (as of such Project’s COD) to

DSR Requirement has the meaning given to such term in Section 1.1 of the Depositary Agreement.

Examples of DSR Requirement in a sentence

As of January 1, 2018, the Prior DSR Requirement was $2,161,067.37 and the balance in the Debt Service Reserve Fund was approximately $2,212,980.36.
Prior to imposing a penalty, a written warning shall be provided to inform the Customer that continuing to not comply with the DSR Requirement will result in a penalty.
The Borrower will use the proceeds of the Loans solely to (i) consummate the Transactions, (ii) make the distributions to Sponsor and/or its Affiliates described in Section 6.06(c) and (iii) except to the extent otherwise satisfied through the issuance and delivery of a DSR Guaranty or a DSR Letter of Credit, to fund the DSR Requirement Amount on the Closing Date.
Substantially simultaneously with the funding of Loans hereunder, the DSR Requirement Amount as of the Closing Date shall have been Fully Funded into the Debt Service Reserve Accounts through the issuance of a DSR Guaranty in favor of the Collateral Agent on terms and conditions reasonably satisfactory to the Collateral Agent and the Administrative Agent and receipt thereof by the Collateral Agent.
To determine the correct match status to use, each of the possible combinations of match status were reviewed to determine the appropriate match status for each type of case.

More Definitions of DSR Requirement

DSR Requirement means, for any date of determination, the Debt Service reasonably expected by the Borrower to become due and payable over the following six-month period.

DSR Requirement means the requirement for the amounts to be deposited into the Bond Reserve Account, as set forth in the Ordinance.

DSR Requirement means, for any date, an aggregate Dollar amount equal to the aggregate amount of Debt Service with respect to the Loan for the immediately succeeding six-month period.

DSR Requirement means as of any date of determination, the next six (6) months of principal and interest scheduled to be payable hereunder after such date of determination in respect of the Initial Term Loans and the Term Conversion Date Term Loans pursuant to Section 2.06(a)(i) and Section 2.07(a) (calculated by the Borrower using an assumed Eurocurrency Rate for the Interest Period in effect as of such date of determination) (as adjusted for settlement amounts under the Interest Rate Hedge Agreements). “DSRA Deficiency Event” occurs when, as of the last day of any fiscal quarter, the Funded DSR is less than the DSR Requirement. “DSRA Overfunding Event” occurs when the Funded DSR exceeds the DSR Requirement. “Early Opt-in Election” means, if the then-current Benchmark is the Eurocurrency Rate, the occurrence of: (a) a notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties hereto that at least ten (10) currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a 164 KE 73718588.20 US-DOCS\142539518.

DSR Requirement means, with respect to any Project, an amount equal to the aggregate amount of interest projected (as of such Project’s COD) to be due and payable with respect to the Loans made to such Project from such Project’s COD until the Date Certain for such Project, as set forth on Annex 2.

DSR Requirement means, for each Fiscal Year, an amount equal to the greater of