DSCR Reserve Account definition

DSCR Reserve Account. As defined in Section 2.18(a).
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DSCR Reserve Account. The segregated trust account established by and in the name of the Indenture Trustee pursuant to Section 2.18 hereof.
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DSCR Reserve Account. As defined in the Property Management Agreement.
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Examples of DSCR Reserve Account in a sentence

  • On or prior to the date hereof, Borrower shall open and thereafter at all times maintain the Liberty DSCR Reserve Account.

  • Upon repayment of the Loan in full, any amounts remaining on deposit in the DSCR Reserve Account (to the extent not credited toward the final payoff amount) shall be promptly disbursed to Borrower and/or Operating Lessee, as applicable.

  • On or prior to the date hereof, Borrower shall open and thereafter at all times maintain the FT DSCR Reserve Account.


More Definitions of DSCR Reserve Account

DSCR Reserve Account. – means, collectively, (i) an account of Borrower with Wells Fargo, described more particularly in the Cash Management Agreement (including any redesignation or renumbering of any such account and such other account(s) with Wells Fargo as may be substituted for or replace or supersede any such account(s) from time to time, in each case with approval of Administrative Agent)(the “Borrower’s DSCR Reserve Account”) and (ii) an account of Operating Lessee with Wells Fargo, described more particularly in the Operating Lessee Cash Management Agreement (including any redesignation or renumbering of any such account and such other account(s) with Wells Fargo as may be substituted for or replace or supersede any such account(s) from time to time, in each case with approval of Administrative Agent)(the “Operating Lessee’s DSCR Reserve Account”), each of which is a blocked account into which Excess Cash Flow shall be deposited from time to time pursuant to Section 9.33 (and in accordance with the Cash Management Agreement and Operating Lessee Cash Management Agreement, as applicable).
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DSCR Reserve Account means a blocked account, account no. 4125586669, in the name of Borrower or Operating Lessee maintained at Xxxxx Fargo and pledged to Administrative Agent, and in the sole dominion and control of Administrative Agent, into which Excess Cash Flow shall be deposited as and when required pursuant to Section 8.18.
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DSCR Reserve Account shall have the meaning set forth in Section 3.1.1.
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DSCR Reserve Account means, collectively, (i) an account of Borrower with Xxxxx Fargo, described more particularly in the Cash Management Agreement (including any redesignation or renumbering of any such account and such other account(s) with Xxxxx Fargo as may be substituted for or replace or supersede any such account(s) from time to time, in each case with approval of Administrative Agent)(the “Borrower’s DSCR Reserve Account”) and (ii) an account of Operating Lessee with Xxxxx Fargo, described more particularly in the Operating Lessee Cash Management Agreement (including any redesignation or renumbering of any such account and such other account(s) with Xxxxx Fargo as may be substituted for or replace or supersede any such account(s) from time to time, in each case with approval of Administrative Agent)(the “Operating Lessee’s DSCR Reserve Account”), each of which is a blocked account into which Excess Cash Flow shall be deposited from time to time pursuant to Section 9.33 (and in accordance with the Cash Management Agreement and Operating Lessee Cash Management Agreement, as applicable).
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Related to DSCR Reserve Account

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

  • 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 [*];

  • 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.

  • Interest Reserve Account As defined in Section 3.4(d).

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

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

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

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

  • 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.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • 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.

  • 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).

  • 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.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • 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 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

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

  • 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.]

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.07 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 2006-22". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

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

  • 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.

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

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