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, as of any date, the Dollar amount equal to
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Examples of DSRA Minimum Balance in a sentence

  • 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.


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.
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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, at any time, the Interest Reserve Amount as at such time.
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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 $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • 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 You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • 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 shall have the meaning set forth in Section 4.8.

  • 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 has the meaning given in Clause 11.19;

  • 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.

  • 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 Certificate Balances of all Outstanding Certificates of such Class.

  • 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.

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.