Group II Reserve Fund definition

Group II Reserve Fund means the separate trust account created and maintained by the Trustee pursuant to Section 3.22 hereof.
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Group II Reserve Fund. The reserve fund established pursuant to Section 3.26.
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Group II Reserve Fund. The fund created pursuant to Section 4.18.
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Examples of Group II Reserve Fund in a sentence

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

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

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

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

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

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

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

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

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

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


More Definitions of Group II Reserve Fund

Group II 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 II Certificates.
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Group II Reserve Fund. The reserve fund created and maintained by the Securities Administrator pursuant to Section 4.06 which shall be entitled “Group II 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 II Reserve Fund. The separate Eligible Account created and maintained by the Trustee pursuant to Section 2.04 in the name of the Trustee for the benefit of the Certificateholders and designated Bankers Trust Company, in trust for the registered holders of Mortgage Loan Asset Backed Certificates, Saxon Asset Securities Trust 2000-4, Series 2000-4, Class AV-1, Class MV-1, Class MV-2 and Class BV-1. Funds in the Group II Reserve Fund shall be held in trust for the holders of Class AV-1, Class MV-1, Class MV-2 and Class BV-1 Certificates for the uses and purposes set forth in this Agreement and shall not be part of any REMIC created hereunder.
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Group II Reserve Fund. The trust account or accounts created and maintained by the Trust Administrator pursuant to Section 3.26 which shall be entitled "Group II 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 II Reserve Fund

  • 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 [*];

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

  • 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.

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

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

  • 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.