Hi Croc, I think you will find that the “group” that the condition relates to is the WKT parent company and its subsidiaries.
Here is the normal interpretation of a debt service reserve. It looks like it is a cash reserve the borrower has to hold to protect the lender and the Gemcorp loan announcement indicates it needs to be for two current quarters of debt payments.
Good luck with your interpretation.
Hi Croc, I think you will find that the “group” that the...
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