DSRA Minimum Balance definition

DSRA Minimum Balance means, at any time, an amount equal to the aggregate of:
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DSRA Minimum Balance means, at any time, an amount equal to the aggregate of the amount of principal and interest falling due and payable under the Facility during the DSRA Reserve Period at that time (after giving effect to any voluntary prepayment made under Clause 7 (Illegality, voluntary prepayment and cancellation)), calculated on the basis of six month Interest Periods and that:
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DSRA Minimum Balance means, at any time, the Interest Reserve Amount as at such time.
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Examples of DSRA Minimum Balance in a sentence

  • If 10 days pass without objection by the Attorney General, the Bonds may be issued.

  • On each Repayment Date, Borrower shall cause to be deposited into the Debt Service Reserve Account pursuant to an Executed Withdrawal/Transfer Certificate all Project Revenues or other amounts in the Operating Account in excess of the amounts applied pursuant to Section 5.2(a)(i) through (ix) until the amount deposited therein equals the DSRA Minimum Balance (minus the undrawn Stated Amount of any Acceptable DSRA LC posted as of such date).

  • After Term-Conversion, on each Repayment Date, if the balance in the Debt Service Reserve Account is not equal to or greater than the DSRA Minimum Balance, Borrower shall cause all amounts then in the Revenue Account on the applicable Repayment Date in excess of the amounts applied through Waterfall Level 6 to be deposited into the Debt Service Reserve Account until the amount deposited therein equals the DSRA Minimum Balance.

  • The Borrowers shall ensure that each Guarantor Letter of Credit shall, among other things, be drawable (a) as necessary to replenish or increase the funds on deposit in (i) the Debt Service Reserve Account to an amount equal to the then applicable DSRA Minimum Balance, and/or (ii) the Borrower Reserve Account to an amount equal to the then applicable BRA Minimum Balance; and (b) in full upon the occurrence of an Event of Default.

  • On each Repayment Date, Borrower shall cause to be deposited into the Debt Service Reserve Account pursuant to an Executed Withdrawal/Transfer Certificate all Project Revenues or other amounts in the Operating Account in excess of the amounts applied pursuant to Section 5.2(a)(i) through (x) until the amount deposited therein equals the DSRA Minimum Balance (minus the undrawn Stated Amount of any Acceptable DSRA LC posted as of such date).

  • In the event that on any Repayment Date the balance in the Debt Service Reserve Account is less than the DSRA Minimum Balance, then on each Repayment Date thereafter until the balance in the Debt Service Reserve Account is equal to the DSRA Minimum Balance, Borrower shall cause all amounts then in the Revenue Account on the applicable Repayment Date in excess of the amounts applied through Waterfall Level 6 to be deposited into the Debt Service Reserve Account.

  • All earnings on monies in the Debt Service Reserve Account shall accrue to the Debt Service Reserve Account until such time as the Debt Service Reserve Account has on deposit therein an amount equal to the DSRA Minimum Balance, whereupon all amounts in the Debt Service Reserve Account in excess of such amount shall be deposited in the Revenue Account as Project Operating Revenues on a monthly basis.

  • On and from the earlier of (i) the First Repayment Date and (ii) Project Completion, the Borrower shall maintain a credit balance on the Debt Service Reserve Account of an amount at least equal to the DSRA Minimum Balance by making Additional Equity Contributions or transfers from the Proceeds Account to the Debt Service Reserve Account, provided that the Facility may not be used to fund the Debt Service Reserve Account.

  • On the date of Term-Conversion, Borrower shall deposit or cause to be deposited into the Debt Service Reserve Account an amount equal to the DSRA Minimum Balance, which amount shall be obtained, to the extent funds are available, through a transfer from the Construction Account as provided in Section 7.1.4.


More Definitions of DSRA Minimum Balance

DSRA Minimum Balance means, as of a given date, one-half of the interest and principal payments on the Term Loans scheduled to be paid on the next two (2) Repayment Dates.
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DSRA Minimum Balance means, (a) as of a given date prior to the tenth (10th) anniversary of the Term-Conversion Date, an amount equal to the interest and principal payments on the Term Loans and LC Loans (if applicable) scheduled to be paid on the next two (2) Repayment Dates and (b) as of a given date from and after the tenth (10th) anniversary of the Term-Conversion Date to and including the Term Loan Maturity Date, an amount equal to the interest and principal payments on the Term Loans and LC Loans (if applicable) scheduled to be paid on the next four (4) Repayment Dates.
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DSRA Minimum Balance means, as of any date, the Dollar amount equal to
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DSRA Minimum Balance is defined in clause 13.9.3;
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Related to DSRA Minimum Balance

  • 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.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • 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.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

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

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

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

  • 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.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

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

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.