Cash Reserve Account definition

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 [*];

Cash Reserve Account has the meaning assigned to that term in Section 2.06.

Cash Reserve Account means the Deposit Account (as defined in the Uniform Commercial Code) in the name of the Trustee maintained at U.S. Bank, National Association, in the United States of America with account number 276831004.

Examples of Cash Reserve Account in a sentence

• If such Additional Property is provided in lieu of such amount, all matters specified herein relating to the Cash Reserve Account shall be amended and replaced to reflect the substitution of such Additional Property therefor pursuant to Section 4.1(1).

• The Seller may, provided that the Rating Agency Condition has been satisfied, provide Additional Property equal to, and in lieu of, any amount required to be deposited to the Cash Reserve Account within 15 days following the occurrence of a Cash Reserve Event.

• For the purposes of Section 6.7(5)(b) of the Pooling and Servicing Agreement, the amount payable to the Seller thereunder on any Business Day on account of the Retained Interest shall be reduced by an amount equal to any deposits required to be made into the Cash Reserve Account on such Business Day pursuant to Section 6.1(5).

• Amounts that are on deposit in the Accumulations Account and the Cash Reserve Account for the Series 2024- 1 Ownership Interest from time to time that are invested in Eligible Investments shall only be invested in Eligible Investments that mature on the day immediately preceding the next scheduled Transfer Date.

• All investment income received by the Series 2024-1 Co-Owner in respect of amounts on deposit in (i) the Accumulations Account, shall be transferred to the Accumulations Account on each Transfer Date and included in the determination of the Ownership Income Requirement of the Series 2024-1 Ownership Interest pursuant to Section 5.1(2), and (ii) the Cash Reserve Account, shall be dealt with in accordance with Section 6.1(6).

More Definitions of Cash Reserve Account

Cash Reserve Account means the Euro denominated account established in the name of the Issuer with the Account Bank with IBAN: IT36U0100503200000000014489, as redesignated or renumbered from time to time or such other substitute account as may be opened in accordance with the Cash Allocation, Management and Payments Agreement.

Cash Reserve Account means a euro-denominated account opened by the Issuer with the Transaction Bank, as better identified in the Agency and Accounts Agreement;

Cash Reserve Account means the special account created pursuant to Section 2.06 hereof.

Cash Reserve Account means that certain bank account numbered 000-000-0 maintained at Xxxxxx Trust and Savings Bank in the name of “Cash Reserve Account, BMO Capital Markets Corp. as Agent,” and maintained for the benefit of the Secured Parties.

Cash Reserve Account means an interest-bearing escrow account maintained by the Borrower with the Security Agent into which amounts are to be paid pursuant to Clause 20.35 (Balancing Payments to and from Cash Reserve Account) in the currency and in the amounts set out therein which are to be utilized exclusively for the purpose described therein.

Cash Reserve Account means that certain bank account numbered [*] and maintained for the benefit of the Secured Parties.

Cash Reserve Account means the euro denominated account established in the name of the Guarantor with the Account Bank (IBAN: IT52H0347901600000802443102) or such other substitute account as may be opened in accordance with the Cash Allocation, Management and Payments Agreement;