General Reserve Account definition

General Reserve Account means the account maintained by the Indenture Trustee pursuant to Section 3.2(b) of the Indenture.

General Reserve Account means the account maintained by the Paying Agent on behalf of the Indenture Trustee pursuant to Section 3.2(b) of the Indenture.

General Reserve Account shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable account as shall be established under this Agreement in accordance with Section 7.6 hereof.

Examples of General Reserve Account in a sentence

• The Servicer shall maintain at all times a complete and accurate record of the amount of funds on deposit in the General Reserve Account.

• The Securities Intermediary shall establish and maintain as required therein or herein, as applicable, the Collection Account, the General Reserve Account, the Distribution Account and the Principal Reinvestment Account specified in ‎Section 7.01, ‎Section 7.02 and ‎Section 7.03 of the Sale and Servicing Agreement.

• The Servicer shall deposit funds into and direct the Trustee to withdraw funds from the General Reserve Account in accordance with ‎Section 7.02 and ‎Section 7.05.

• The General Reserve Account shall be held in one Eligible Deposit Account in the form of a segregated account in a corporate trust department wherein the moneys therein may be invested in Permitted Investments.

• Prior to each Payment Date, the Servicer shall determine the General Reserve Account Required Balance applicable to such Payment Date.

More Definitions of General Reserve Account

General Reserve Account shall have the meaning set forth in Section 7.6.1 hereof.

General Reserve Account. The account which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Section 4.7, and entitled, “Deutsche Bank National Trust Company, as Indenture Trustee, in trust for the Noteholders of HomEq Servicer Advance Receivables Backed Notes, Series 2010-ADV1, General Reserve Account.”

General Reserve Account shall have the meaning assigned to such term in Section 3.01(a) of the Pooling Agreement.

General Reserve Account means the General Reserve Account established under section 16;

General Reserve Account means an ACCOUNT established in terms of Rule 13.5;

General Reserve Account means the bank account of the Issuer designated as such in the Account Agreement.

General Reserve Account means the segregated account so designated and established and maintained pursuant to Section 7.02(a).