Group I Reserve Fund definition

Group I Reserve Fund means the separate trust account created and maintained by the Trustee pursuant to Section 3.21 hereof.
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Group I Reserve Fund. The reserve fund established pursuant to Section 3.26.
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Group I Reserve Fund. As defined in the Insurance Agreement.
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Examples of Group I Reserve Fund in a sentence

  • On the Closing Date, the Depositor shall cause an amount equal to the Group I Reserve Fund Deposit to be deposited into the Group I Reserve Fund.

  • The Trustee on behalf of the Trust shall be the nominal owner of the Group I Reserve Fund.

  • In the absence of written instructions to the Trustee, amounts on deposit in the Group I Reserve Fund shall remain uninvested.

  • The Trustee shall deposit in the Group I Reserve Fund all payments received from the Swap Administrator that are payable to the Trust Fund with respect to Loan Group I pursuant to the Swap Administration Agreement.

  • The Swap Administrator shall, to the extent provided in the Swap Administration Agreement, remit amounts on deposit in the Group I Swap Account to the Trustee for deposit into the Group I Reserve Fund.

  • All amounts earned on amounts on deposit in the Group I Reserve Fund shall be taxable to the Majority Class I-CE Certificateholder.

  • Amounts in the Group I Reserve Fund shall, at the direction of the Majority Class I-CE Certificateholder, be invested in Permitted Investments that mature no later than the Business Day prior to the next succeeding Distribution Date.

  • The Majority Class I-CE Certificateholder shall be the beneficial owner of the Group I Reserve Fund, subject to the power of the Trustee to transfer amounts under Section 5.04.

  • Any losses on such investments shall be deposited in the Group I Reserve Fund by the Majority Class I-CE Certificateholder out of its own funds immediately as realized.

  • All amounts earned on amounts on deposit in the Group I Reserve Fund shall be taxable to the Class I-C Certificateholder.


More Definitions of Group I Reserve Fund

Group I Reserve Fund. The fund created pursuant to Section 4.16.
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Group I Reserve Fund means the separate trust account created and maintained by the Securities Administrator pursuant to Section 3.25 hereof on behalf of the Holders of the Group I Certificates.
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Group I Reserve Fund means the separate trust account related to Group I created and maintained by the Securities Administrator pursuant to Section 3.25 hereof. The Group I Reserve Fund must be an Eligible Account.
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Group I Reserve Fund. A fund created pursuant to Section 3.25 which shall be an asset of the Trust Fund, but which shall not be an asset of any Trust REMIC.
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Group I Reserve Fund. The reserve fund created and maintained by the Securities Administrator pursuant to Section 4.06 which shall be entitled “Group I Reserve Fund, Xxxxx Fargo Bank, N.A., as Securities Intermediary for HSBC Bank USA, National Association, as Indenture Trustee, in trust for the Holders of the PHH Mortgage Trust 2008-CIM1 Mortgage-Backed Notes Series 2008-CIM1”, and which must be an Eligible Account.
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Group I Reserve Fund. The trust account or accounts created and maintained by the Trust Administrator pursuant to Section 3.26 which shall be entitled "Group I Reserve Fund, Deutsche Bank National Trust Company, as Trust Administrator for the benefit of Wachovia Bank, National Association, as Trustee, in trust for the registered Certificateholders of Long Beach Mortgage Loan Trust 2002-3, Asset-Backed Certificates, Series 2002-3" and which must be an Eligible Account.
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Related to Group I Reserve Fund

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

  • 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 [*];

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

  • 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.

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

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

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

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.