Cash Trap Reserve Accounts definition

Cash Trap Reserve Accounts has the meaning set forth in Section 5.4(a) of the Base Indenture.
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Cash Trap Reserve Accounts has the meaning set forth in Section 5.4(a) of the Base Indenture. “Cash Trapping Amount” means the amount deposited on behalf of the Issuer or the Canadian Co-Issuer in the applicable Cash Trap Reserve Account for any Weekly Allocation Date while a Cash Trapping Period is in effect equal to the product of (i) the applicable Cash Trapping Percentage and (ii) the amount of funds available in the applicable Collection Account on such Weekly Allocation Date after payment of priorities (i) through (xii) of the Priority of Payments (but with respect to the first Weekly
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Examples of Cash Trap Reserve Accounts in a sentence

  • In the absence of written investment instructions hereunder, funds on deposit in the Cash Trap Reserve Accounts shall remain uninvested.

  • All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Cash Trap Reserve Accounts shall be deemed to be Investment Income on deposit for distribution to the applicable Collection Account in accordance with Section 5.10.

Related to Cash Trap Reserve Accounts

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.