Capital Reserve Subaccount definition

Capital Reserve Subaccount has the meaning specified in Section 8.02(a) of the Indenture.
Sample 1Sample 2Sample 3
Capital Reserve Subaccount. 3.4 "Cash Collateral Subaccount" - 3.9 "Cash Management Accounts" - 3.10 "Casualty" - 7.2.1 "Casualty/Condemnation Prepayment" - 2.3.2 "Casualty/Condemnation Subaccount" - 3.7 "Cognigen Sublease" - 4.1.6 "Condemnation" - 7.
Sample 1
Capital Reserve Subaccount. Deposit Account Agreement "Cash Collateral Subaccount" - 3.6 "Cash Management Period" - 3.1 "Casualty" - 7.2.1 "Casualty/Condemnation Prepayment" - 2.
Sample 1Sample 2

Examples of Capital Reserve Subaccount in a sentence

  • All moneys deposited from time to time in the Collection Account, all deposits therein pursuant to this Indenture, and all investments made in Eligible Investments with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Collection Account as part of the Collateral as herein provided, with the exception of any amount up to $100,000 held at any time in the Capital Reserve Subaccount.

  • Amounts on deposit in the Capital Reserve Subaccount shall be available, upon request of the Issuer, to pay any expenses of the Issuer.

  • The foregoing obligations to fund and maintain the Capital Reserve Subaccount shall be conditionally waived for so long as no Event of Default shall have occurred hereunder.

  • Lender will transfer such amounts into the Capital Reserve Subaccount.

  • The Capital Expenditure Advance Shortfall shall be deposited into the Capital Reserve Subaccount and thereafter be disbursed and applied in accordance with the terms and provisions of Section 3.4 hereof.

  • The Capital Reserve Subaccount shall be funded with $100,000 from amounts contributed to the Capital Subaccount for the initial Series of Securitiza tion Bonds.

  • Provided that no Default or Event of Default has occurred and is continuing and provided that each of the conditions precedent set forth in Section 2.9.1 hereof have been satisfied, Lender shall disburse funds held in the Capital Reserve Subaccount to Borrower, within fifteen (15) days after the delivery by Borrower to Lender of a request therefor (but not more often than once per month), in increments of at least $5,000 to be used to pay or reimburse Borrower for Approved Capital Expenses.

  • Lender will transfer such amounts into a Subaccount (the "Capital Reserve Subaccount").

  • Evidence satisfactory to the Trustee that the Required Capital Amount for such Series has been credited to the Capital Subaccount for such Series, provided that in the case of the initial Series of Securitization Bonds, $100,000 of the Required Capital Amount for such Series shall have been deposited to the credit of the Capital Reserve Subaccount.

  • Upon Borrower’s completion of all Required Repairs in accordance with this Section 3.2, Lender shall transfer any funds remaining in the Required Repairs Subaccount, if any, to the Capital Reserve Subaccount to be disbursed and applied in accordance with Section 3.4(a) hereof.


More Definitions of Capital Reserve Subaccount

Capital Reserve Subaccount. 3.4 “Cash Collateral Subaccount” - 3.9
Sample 1Sample 2
Capital Reserve Subaccount. Deposit Account Agreement "Casualty" - 7.1.3 "Casualty/Condemnation Prepayment" - 2.
Sample 1
Capital Reserve Subaccount. 3.4 “Cash Management Accounts” — 3.9 “Casualty” — 7.2.1 “Casualty/Condemnation Prepayment” — 2.3.2 “Casualty/Condemnation Subaccount” — 3.7 “Clearing Account” — 3.1 “Clearing Bank” — 3.1 “Condemnation” — 7.3.1 “Defeasance” — 2.3.3 “Defeasance Date” — 2.3.3 “Defeasance Deposit” — 2.3.3 “Defeased Note” — 2.3.3 “Deposit Account” — 3.1 “Direct Pay Agreement” – Definition of Ground Lease “Eligible Account” — Deposit Account Agreement “Embargoed Person” – 5.19 “Environmental Laws” — 4.19 “Equipment” — Mortgage “Full Defeasance” — 2.3.3 “Hazardous Substances” — 4.19 “Improvements” — Mortgage “Indemnified Liabilities” — 5.18 “Indemnified Party” — 5.18 “Independent Director” – Schedule 4 “Independent Manager” – Schedule 4 “Insurance Premiums” — 7.1.2 “Insured Casualty” — 7.2.2 “Investor” — 9.1 “Late Payment Charge” — 2.5.3 “Liabilities” — 9.3 “Licenses” — 4.10 “Loan” — 2.1
Sample 1

Related to Capital Reserve Subaccount

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class A( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • 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.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Securities Administrator pursuant to Sections 3.07(b) and 3.07(c) in the name of the Securities Administrator for the benefit of the Regular Certificateholders and designated "Wells Fargo Bank, National Association in trust for registered Holders xx Xxrgan Stanley Capital I Inc. Trust 2006-HE2, Mortgage Pass-Through Cerxxxxxxtxx, Xxxies 2006-HE2." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Interest Reserve Account The segregated account (or sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee, pursuant to Section 3.04(c), for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator, on behalf of Wilmington Trust, National Association [or the name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Interest Reserve Account”.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Initial Reserve Account Deposit means $3,340,897.69.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.