Commingling Reserve Account definition

Commingling Reserve Account means the bank account with the account number 732560-02 held in the name of the Issuer at the Account Bank, as well as any other bank accounts specified as such by or on behalf of the Issuer in the future in addition to or as substitute for such Commingling Reserve Account in accordance with the Accounts Agreement and the Transaction Security Agreement, to which the Seller shall transfer the Commingling Reserve Amount following the occurrence of a Commingling Reserve Trigger Event and if the balance credited to the Commingling Reserve Account as of any Cut-Off Date following the occurrence of a Commingling Reserve Trigger Event is less than the Commingling Reserve Amount as calculated as of such Cut-Off Date, taking into account any amounts to be credited to the Commingling Reserve Account on the immediately following Payment Date pursuant to the Pre- Enforcement Priority of Payments, an amount equal to such shortfall as determined as of such Cut-Off Date;
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Commingling Reserve Account means a specified account in the name of the Issuer at the Transaction Account Bank, as may be redesignated or replaced from time to time in accordance with the Transaction Documents;
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Commingling Reserve Account means a specified bank account held in the name of the Issuer at the Transaction Account Bank as well as any other bank accounts specified as such by or on behalf of the Issuer or the Note Trustee in the future in addition to or as a substitute for such Commingling Reserve Account in accordance with the Transaction Account Agreement and the Security Trust Deed;
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Examples of Commingling Reserve Account in a sentence

  • In order to mitigate this risk, the Servicer has agreed to fund a cash deposit (the “Commingling Reserve Deposit”) in favour of the Compartment with the Commingling Reserve Account opened with the Account Bank in the name of the Compartment.Pursuant to the Commingling Reserve Deposit Agreement, the Servicer has agreed to make such deposit with the Compartment by way of full transfer of title in accordance with Article L.

  • The Issuer Accounts will comprise the Operating Account, the General Reserve Account, the Commingling Reserve Account and the Accumulation Account.

  • Following the occurrence of a Commingling Reserve Trigger Event, the risk of any shortfall due to late forwarding of Collections (including, without limitation, Deemed Collections other than Deemed Collections within the meaning of item (B)(i) of the definition of Deemed Collections for which the provisions governing the Set-off Reserve Account apply, see "CREDIT STRUCTURE — Set-Off Reserve") received or payable by the Servicer is mitigated by the balance credited to the Commingling Reserve Account.

  • Such credit enhancement includes the General Reserve Account that will be funded at the Closing Date, the Commingling Reserve Account that will be funded by the Originator upon the occurrence of a Commingling Reserve Trigger Event, subordination, overcollateralisation and excess spread.

  • On each Payment Date during the Amortisation Period, the Issuer shall repay principal on the Commingling Reserve Facility to FCAB in an amount equal to the Commingling Reserve Release Amount, by applying the amounts then standing to the credit of the Commingling Reserve Account.

  • The assets of the FCT will include the FCT Available Cash and all available sums and monies standing to the credit of the Commingling Reserve Account, which will be invested from time to time by the FCT Cash Manager in Authorised Investments in accordance with the investment rules set out in schedule 3.

  • The Management Company shall ensure that the credit balance of the Commingling Reserve Account shall always be equal to the applicable Commingling Reserve Required Amount.

  • Training data for each vertical was generated us- ing previous clicks and skips when the vertical was displayed anywhere on the SERP.

  • An additional amount equal to € 5,148,500 was credited to the Commingling Reserve Account on the First Re-tranching Date in accordance with the Cash Allocation, Management and Payments Agreement.

  • Any amounts standing to the credit of the Commingling Reserve Account will be paid to the Commingling Reserve Provider after the Notes are redeemed.


More Definitions of Commingling Reserve Account

Commingling Reserve Account means the commingling reserve account of the Issuer opened on or before the Closing Date with the Account Bank (with account details as set out in Schedule 10 of the Master Definitions and Common Terms Agreement) or any successor account bank, bearing an interest rate as separately agreed between the Account Bank and the Issuer.
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Commingling Reserve Account means the account denominated in Euro that will be opened in the name of the Guarantor and held with an Eligible Institution, not belonging to the Montepaschi Group, in order to post from time to time the Commingling Reserve Amount (if any) or any other substitutive account which may be opened pursuant to the Cash Allocation, Management and Payments Agreement.
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Commingling Reserve Account means the Compartment Bank Account which will be credited with the Commingling Reserve Required Amount by the Servicer.
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Commingling Reserve Account means the bank account opened by the FCT with the FCT Account Bank with the following references (30003-03764-00003167288-05). Commingling Reserve Deposit Agreement means the deposit agreement entered into on or prior to the Closing Date between the FCT Account Bank, the FCT Cash Manager, the Servicer, the Management Company and the Custodian, pursuant to which the Servicer agreed to transfer the Commingling Reserve Fund pursuant to Articles L. 211-38 of the French Monetary and Financial Code to Issuer as security for its obligation to transfer Collections to the Issuer, as amended from time to time. Commingling Reserve Fund means, at any time, the cash transferred by way of security by the Servicer to the Seller pursuant to Articles L. 211-38 of the French Monetary and Financial Code and credited to the Commingling Reserve Account, in accordance with the provisions of the Commingling Reserve Deposit Agreement.
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Related to Commingling Reserve Account

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

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

  • 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 [*];

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

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

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • 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.

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

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

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

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • 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 Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." 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.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Required Amount means, with respect to any Payment Date, the lesser of (i) the excess of (A) the Specified Reserve Balance, over (B) the amount on deposit in the Reserve Account on such Payment Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Payment Date, and (ii) the amount remaining in the Indenture Collections Account after taking into account the distributions therefrom described in clauses (i) through (xiv) of Section 8.3(a) of the Indenture.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • 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 C( - ) 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.]

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Initial Reserve Account Deposit means $3,250,000.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

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

  • 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.