Series Reserve Account definition

Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

Series Reserve Account. An account established for each Series which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.6, and in the name of the Indenture Trustee and identified by each relevant Series.

Series Reserve Account. An account established for each Series which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Series 4.1 and Section 4.6, and in the name of the Indenture Trustee and identified by each relevant Series.

Examples of Series Reserve Account in a sentence

• A Series Reserve Account within the Debt Service Reserve Fund will be established for each Series of Bonds which requires such a reserve fund to be established for such Series and will be funded with an amount specified in each Supplemental Indenture.

• All Bonds of all Series within a Class will rank pari passu with all other Outstanding Bonds of such Class, except with respect to any sinking fund or Series Reserve Account established for the benefit of a particular Series.

• The Senior Notes will generally rank pari passu with all present and future senior indebtedness of the Company issued pursuant to the Principal Indenture, subject to any Series Reserve Account in the Debt Service Reserve Fund and any other Fund, Account or Reserve Fund established under the Principal Indenture for another Series of Bonds and subject to certain exceptions set forth in the Principal Indenture.

• The Purchaser is not requiring the establishment of any debt service reserve fund or account; accordingly the 2017C Bonds will not be secured by the Common Senior Reserve Account nor any Separate Series Reserve Account.

• The measures treated in items 1, 2 and 3 may be implemented by means of an individual agreement or collective bargaining agreement for employees with a salary equal to or lower than R$ 3.135,00, as well as for employees who have a diploma and higher education and who perceive monthly salary equal to or higher than twice the maximum limit of the benefits of the General Social Security System.

More Definitions of Series Reserve Account

Series Reserve Account means the General Reserve Account with respect to the Series 2012-VF3 Notes and “Series Reserve Required Amount” shall mean the General Reserve Required Amount with respect to the Series 2012-VF3 Notes.

Series Reserve Account means the account of that name established by an applicable Supplemental Indenture in the Debt Service Reserve Fund and securing one or more Series of Senior Bonds that are not Common Reserve Bonds.

Series Reserve Account means the account within the Reserve Fund with respect to a Series of Bonds so designated in, and created pursuant to, a Supplemental Indenture.

Series Reserve Account means each account designated as a “Series [ ] Reserve Account in an Indenture Supplement with respect to an Outstanding Series of Investor Notes.

Series Reserve Account means, in respect of a specified Series, the account in the name of the Issuer held with the Offshore Account Bank and specified in the Series Transaction Administration Agreement relating to such Series, and any replacement or successor account in relation thereto.

Series Reserve Account means the Reserve Account.

Series Reserve Account means account number 098074-001 established and maintained with Wilmington Trust Company or such other account established and designated as the “Series Reserve Account” with respect to Series 2010-1 pursuant to Section 4.04 of the Agreement.