DSRA Minimum Balance definition

DSRA Minimum Balance means, at any time, an amount equal to the aggregate of:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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:

DSRA Minimum Balance means, as of any date, the Dollar amount equal to

Examples of DSRA Minimum Balance in a sentence

On the Term-Conversion Date, Borrower shall deposit or cause to be deposited into the Debt Service Reserve Account an amount equal to the DSRA Minimum Balance (minus the undrawn Stated Amount of any Acceptable DSRA LC posted as of such date).
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.
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).
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.
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.
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.
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).
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.

More Definitions of DSRA Minimum Balance

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.

DSRA Minimum Balance is defined in clause 13.9.3;

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.

DSRA Minimum Balance means, at any time, the Interest Reserve Amount as at such time.