Examples of Required Debt Service Reserve Amount in a sentence
The Supplemental Resolution providing for the issuance of such Additional Bonds shall provide for the deposit to the Debt Service Reserve Account in the amount necessary to satisfy the Required Debt Service Reserve Amount for the Additional Bonds.
Interest earnings, if any, on investments made of money in the Debt Service Reserve Account, to the extent that such earnings result in a balance in the Debt Service Reserve Account in excess of the Required Debt Service Reserve Amount, (1) may, at the Port’s option, be transferred on each valuation date for such investments to the Project Fund; otherwise (2) shall be transferred on each valuation date for such investments to the Debt Service Account.
Guarantee of Fort Union’s Debt Service Reserve obligations Terminates on earliest of: (i) the Termination Date, (ii) the payment by Guarantor of amount equal to the Supplemental Guarantee Cap (i.e., six-months debt service) and (iii) the election to terminate by the Guarantor, provided the Required Debt Service Reserve Amount (i.e., six-months debt service) is otherwise on deposit.