Deposits to Debt Service Reserve Account Sample Clauses

Deposits to Debt Service Reserve Account. Funds shall be deposited into the Debt Service Reserve Account pursuant to priority sixth of Section 4.2(c), Section 6.02(g) of the Credit Agreement and otherwise in accordance with the terms hereof and the terms of the other Financing Documents.
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Deposits to Debt Service Reserve Account. Any amounts transferred from the Operating Account pursuant to Section 4.02(b)(vi)(A) shall be deposited by Depository Bank into the Debt Service Reserve Account pursuant to an Executed Withdrawal/Transfer Certificate delivered by Borrower.
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Deposits to Debt Service Reserve Account. On November 9, 2006, Borrower either (i) deposited with Lender the amount of Ten Million and No/100 Dollars ($10,000,000.00), or (ii) in lieu of cash, provided Lender with an irrevocable letter of credit in the amount of Ten Million and No/100 Dollars ($10,000,000.00) from a financial institution reasonably deemed to be acceptable to Lender (the “Initial Debt Service Reserve Deposit”) to be held by Lender as additional collateral for the Loan. Borrower shall not be required to replenish the Initial Debt Service Reserve Deposit; provided, however, Borrower shall make such additional deposits from time to time to the Debt Service Reserve Account as may be reasonably required, after taking into account the Rebranding Deficit, to offset loss of Net Operating Income as result of the execution of any PIP (the “Rebranding Reserve Deposit”). Amounts so deposited including the Initial Debt Service Reserve Deposit and any Rebranding
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Deposits to Debt Service Reserve Account. On the Closing Date, the Borrower will cause to be deposited into the Debt Service Reserve Account an amount equal to the Required Reserve Amount. In addition, if (x) on any Payment Date any funds on deposit in the Debt Service Reserve Account are used to pay interest then due on the Loans and, as a result thereof, the aggregate amount of funds on deposit in the Debt Service Reserve Account is less than the Required Reserve Amount or (y) on the first Payment Date the aggregate amount of funds on deposit in the Debt Service Reserve Account is less than the Required Reserve Amount, then in each case the Borrower shall within five Business Days deposit into the Debt Service Reserve Account additional funds sufficient to cause the aggregate amount of funds on deposit in the Debt Service Reserve Account to equal or exceed the Required Reserve Amount.
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Deposits to Debt Service Reserve Account. The following amounts shall ---------------------------------------- be deposited into the Debt Service Reserve Account:
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Related to Deposits to Debt Service Reserve Account

  • Debt Service Reserve Account The Debt Service Reserve Account shall have been funded (or credited with funds), to the extent required, in an amount equal to the Debt Service Reserve Required Amount in accordance with the Depositary Agreement.

  • Reserve Accounts All reserves, escrows and deposit accounts required under the Loan Documents and all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

  • Debt Service Reserve Reserved.

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Interest Reserve Account The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee, for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained as a non-interest bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year) or February (commencing in 2018) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Mortgage Loans that accrue interest on the basis of a 360-day year and the actual number of days in the related month, an amount equal to one day’s interest at the related Net Mortgage Rate on the Stated Principal Balance of each such Mortgage Loan as of the close of business on the Distribution Date in the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent a Monthly Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable) and February, “Withheld Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the final Distribution Date occurs in such month) of each calendar year (commencing in 2018), the Certificate Administrator shall transfer to the Lower-Tier REMIC Distribution Account the aggregate of all Withheld Amounts on deposit in the Interest Reserve Account.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • RECONCILIATION OF RESERVE ACCOUNT Beginning Reserve Account Balance Reserve Account Deposits Made Reserve Account Draw Amount Ending Reserve Account Balance Change in Reserve Account Balance Specified Reserve Balance

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

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