Expense Reserve Account. The trust account established pursuant to Section 10.3(d).
Expense Reserve Account means the account of the Issuer established with National Westminster Bank plc for payment of expenses incurred by the Issuer in connection with, inter alia, the issue of the Bonds;
Expense Reserve Account means the ledger maintained by the Account Bank on behalf of the Issuers, identification number LUN1 (in the case of Lunar Funding I Limited), LUN3 (in the case of Lunar Funding III Limited), LUN4 (in the case of Lunar Funding IV Limited) and LUN5 (in the case of Lunar Funding V PLC), or such other identification number as is ascribed in the case of any Additional Issuer, which records amounts standing to the credit of the account of each of the Issuers with the Account Bank out of which Administrative Expenses will be payable from time to time.
Examples of Expense Reserve Account in a sentence
The amount deposited into the Expense Reserve Account on the Closing Date shall be the amount designated by the Issuer (or the Asset Manager on its behalf) for the payment of organizational and other expenses incurred in connection with the issuance of the Notes but unpaid as of the Closing Date.
Evidence of the establishment (and funding, if applicable) of the Expense Reserve Account, Interest Reserve Account and the Unused Proceeds Account required to be established on or prior to the Closing Date.
Eligible Investments in the Expense Reserve Account must mature no later than the next Business Day.
More Definitions of Expense Reserve Account
Expense Reserve Account. A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Expense Reserve Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.
Expense Reserve Account has the meaning set forth in Section 8.01(a).
Expense Reserve Account. The account established pursuant to Section 10.3(d).
Expense Reserve Account means the account established pursuant to Section 10.1(b) and described in Section 10.3(e).
Expense Reserve Account means the interest bearing account of the Issuer so entitled and held with the Account Bank.
Expense Reserve Account. An Eligible Account established in accordance with Section 8.05(d).
Expense Reserve Account means an account established with the Account Bank pursuant to the applicable Account Control Agreement in the name of the Borrower into which the Reserved Expenses shall be deposited in accordance with Section 2.08(a)(i) or Section 2.08(a)(ii), as applicable, and under the “control” (within the meaning of Section 9-104 or Section 9-106 of the UCC, as applicable) of the Administrative Agent for the benefit of the Secured Parties.