Examples of Waterfall Level in a sentence
On [date when such payments are due]: ¨ Pursuant to Waterfall Level (3), transfer $ to Lender for payment of interest currently due on the Loans and on other amounts accruing interest under the Credit Documents.
On [Repayment Date]: ¨ Pursuant to Waterfall Level (4), transfer $ to Lender for repayment of principal of the Loans.
Amounts shall be deposited in the Distribution Suspense Account from the Revenue Account as provided in Waterfall Level (8) of Section 3.3.2(c).
Neither the Securities and Exchange Commission nor any state securities commission, nor any other regulatory body, has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete.
Borrower shall promptly pay or cause to be paid all Senior O&M Costs in excess of the amounts permitted under the preceding sentence by Contributions of additional funds; provided, however, that if Administrative Agent subsequently approves a variation in such Annual Operating Budget which would have allowed the payment of such excess Senior O&M Costs, Borrower shall be entitled to recover any such Senior O&M Costs previously paid by Contributions of additional funds at Waterfall Level 1.