Cash Reserve Account. The Agent has established and will maintain in existence the Cash Reserve Account. The Cash Reserve Account shall be used to hold the Cash Reserve and for such other purposes described in the Transaction Documents.
Cash Reserve Account. To the extent that on any Business Day before the Termination Date the Trust’s Share of Collections is less than the sum of the amounts referred to in Sections 2.6(a) through (c), the Trust shall apply, by deposit to the Collection Account, any amounts on deposit in the Cash Reserve Account to make the allocations specified in Sections 2.6(a) through (c) on such Business Day. On each Remittance Date prior to the Termination Date, any Cash Reserve Excess Amount shall, if requested by the Seller, be paid to the Seller on account of Deferred Purchase Price. On the Termination Date, the balance of the Cash Reserve Account shall be deposited to the Collection Account and applied under Section 2.9.
Cash Reserve Account. (a) From time to time after the date hereof, the Borrower may enter into one or more Cash Reserve Account Agreements and open and maintain a segregated trust account (any such account, a “Cash Reserve Account”) at the Lender’s Bank, for the receipt of amounts representing any Cash Reserves funded with respect to any Pool B Contract. The Servicer shall promptly deposit into the Cash Reserve Account, all Cash Reserves related to Pledged Pool B Receivables which are in the possession of, or come into the possession of, the Servicer or the Originator. Monies received in any Cash Reserve Account shall be invested in Permitted Investments at the written direction of the Servicer or the Lender (as determined in accordance with the Cash Reserve Account Agreement) during the term of this Agreement, and any income or other gain realized from such investment shall be held in such Cash Reserve Account, subject to disbursement and withdrawal as herein provided. No such Permitted Investment shall mature later than the Business Day preceding the next following Remittance Date and shall not be sold or disposed of prior to its maturity. Monies shall be subject to withdrawal in accordance with Section 2.06(d) hereof.
Cash Reserve Account. (1) On each Transfer Date, if and to the extent necessary, the Trust shall instruct the Custodian to withdraw from amounts deposited to the Cash Reserve Account in respect of a Cash Reserve Event (but not in respect of the Pre-Accumulation Reserve Period) and deposit to the Accumulations Account an amount equal to the related Cash Reserve Draw which shall be applied on account of that portion of the Cumulative Deficiency attributable to, (i) first, paragraph (c) of the definition thereof and, (ii) second, paragraph
Cash Reserve Account. The Debtor shall establish a cash -------------------- reserve depositary trust account and maintain in such account a cash reserve (the "Cash Reserve") for use in accordance with Section 5.3.
Cash Reserve Account. On or prior to the date hereof, the Borrower shall establish and maintain, or cause to be established and maintained, the Cash Reserve Account. The Cash Reserve Account shall be maintained in a segregated trust account in the trust department of the Trustee or another commercial bank designated by the Trustee, and shall be under the sole dominion and control of, and in the name of, the Trustee. The Cash Reserve Requirement shall be deposited to the Cash Reserve Account from proceeds of the initial Advance and additional amounts shall be deposited to the Cash Reserve Account pursuant to Section 2.05(c)(vi) hereof. Funds on deposit in the Cash Reserve Account may be invested from time to time in Permitted Investments in accordance with Section 2.08 hereof. The Trustee shall apply funds on deposit in the Cash Reserve Account as described in Section 2.07 hereof. If amounts available in the Collection Account are insufficient to restore the Cash Reserve Account to the Cash Reserve Requirement on the immediately succeeding Settlement Date, the Borrower shall satisfy such deficiency from other sources. If the Borrower is either unable or unwilling to deposit such funds, the Facility Agent may declare a Termination Date to have occurred.
Cash Reserve Account. On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Cash Management Bank an account for the deposit of amounts required to be deposited therein in accordance with Sections 2.2(a)(ii), 2.2(a)(iv) and 2.4(ii) in connection with the release of a Property (the “Cash Reserve Account”). Borrower shall have the right to direct the application of amounts on deposit in the Cash Reserve Account to the extent provided in Section 2.2(a)(ii), 2.2(a)(iv), 2.4(ii) . 66
Cash Reserve Account. The amount on deposit in the Cash Reserve Account (including related Permitted Investments) is less than the lesser of (A) $51,000,000 and (B) 20% of the Loan Amount.
Cash Reserve Account. On the Issue Date, the Issuer shall deposit, or cause to be deposited, funds equal to the Initial Cash Reserve Amount into the Cash Reserve Account and, on the date of issuance of the Additional Securities, the Issuer shall deposit, or cause to be deposited, funds equal to the Additional Cash Reserve Amount into the Cash Reserve Account. For so long as the Securities are outstanding, the Trustee shall maintain the Cash Reserve Account. The Trustee shall not withdraw funds from or invest funds in the Cash Reserve Account and shall not permit any other Person to withdraw funds from or invest funds in the Cash Reserve Account, except (a) absent the occurrence and continuance of an Event of Default, the funds in the Cash Reserve Account may be invested in Cash Equivalents at the written direction of the Issuer, (b) after the occurrence and during the continuance of any Event of Default, acting at the direction of the Holders of a majority of the aggregate principal amount of the Securities then outstanding, the Trustee shall apply the Cash Equivalents in the Cash Reserve Account to the Obligations or (c) upon written request of the Issuer to the Trustee, as evidenced by an Officers’ Certificate (including the calculation of the then-applicable Cash Reserve Amount), the Trustee shall remit Cash Equivalents in the Cash Reserve Account to, or at the written direction of, the Issuer in an amount not greater than the excess (if any) above the then-applicable Cash Reserve Amount. Upon the release of the Notes Collateral from the Lien and security interest created by the Security Documents pursuant to Section 11.02(a)(v) or Section 11.08, the Trustee shall remit Cash Equivalents in the Cash Reserve Account to, or at the written direction of, the Issuer. The Trustee will not be responsible for the costs of any such investments, and shall have no liability for any investment losses, including any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder. All of such costs shall be charged against the funds on deposit in the Cash Reserve Account. With respect to any direction or notice in respect of the investment of any funds in the Cash Reserve Account received by the Trustee after 10:00 A.M., New York City time, the Trustee shall not be required to effect such investment instruction until the following Business Day. All amounts earned on the investments of funds in the Cash Reserve Account will be treated as income of th...
Cash Reserve Account. Upon the first occurrence of a Cash Reserve Trigger Event, the Lessee shall, within five (5) Business Days of such Cash Reserve Trigger Event, enter into a CRA Agreement, providing for the establishment and administration of an interest-bearing account for the benefit of the Lessor (the "Cash Reserve Account"). The Lessee agrees that following each Cash Reserve Trigger Event, it shall deposit or cause to be deposited with the CRA Bank, commencing on the first day of the fourth month commencing after the month in which such Cash Reserve Trigger Event occurs and on the first day of each six-month period thereafter which is prior to March 27, 2003 (each such date being a "Scheduled Reserve Payment Date"), an amount in immediately available funds equal to (i) the Cash Reserve Requirement Amount, minus (ii) the aggregate amount of all Surplus Earnings Reduction Amounts with respect to payments pursuant to paragraph (t) of Section 2 hereof theretofore made, to be held and administered by the CRA Bank pursuant to the CRA Agreement; provided, however, that (A) the Lessee's obligation to make any deposit pursuant to the CRA Agreement shall immediately cease upon the occurrence of a CRA Release Event (subject to such obligation being reinstated upon any subsequent occurrence of a Cash Reserve Trigger Event) and (B) upon such occurrence of a CRA Release Event, any funds previously deposited with the CRA Bank by the Lessee shall, within one (1) Business Day thereof, be released to the Lessee by the CRA Bank.
