Indenture Reserve definition

Indenture Reserve means (without duplication) (a) $225,000 as of the Closing Date plus (b) the amount of (i) any Indebtedness outstanding under clause (c) or clause (i) of the definition of Permitted Indebtedness and (ii) any other Indebtedness (as that term is defined in the Indenture) that is permitted under Section 4.03(a)(10) of the Indenture.
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Indenture Reserve means a reserve established and maintained by Agent in an amount or amounts equal to (a) during the 30 day period preceding the date on which a scheduled payment of interest is due on the Indenture Securities, the aggregate amount of such interest and (b) during the 30 day period preceding the date on which a scheduled payment of interest is due on the Existing Notes, the aggregate amount of such interest; provided, however, that from the Closing Date until November 15, 2003, the Indenture Reserve shall be $2,500,000, from November 16, 2003 until November 30, 2003, the Indenture Reserve shall be $3,250,000, and after November 30, 2003, the Indenture Reserve shall be $4,000,000 until the payment of interest due on December 1, 2003 with respect to the Indenture Securities and the Existing Notes.
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Indenture Reserve means a reserve against availability under the Advances to be implemented and adjusted from time to time by Lender based on the following:
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Examples of Indenture Reserve in a sentence

  • At June 30, 2014, the Authority has a cash reserve balance for debt service of $1,131,762, which is sufficient to cover the Bond Indenture Reserve Requirement of $1,131,700.

  • At June 30, 2013, the Authority has a cash reserve balance for debt service of $1,472,468, which is sufficient to cover the Bond Indenture Reserve Requirement of $1,469,480.

  • It is however possible that Oracle might decide to allow them to be used under the present licences.

  • At June 30, 2013, the Authority has a cash reserve balance for debt service of $2,222,739, which is sufficient to cover the Bond Indenture Reserve Requirement of $2,222,395.

  • At June 30, 2015, the District has a cash reserve balance for debt service of $236,199 which is sufficient to cover the Certificates Indenture Reserve Requirement.

  • Smith Copies of the Indenture, Reserve Agreement and Placement Agent Agreement are not available at this time.

  • At June 30, 2013, the Authority has a cash reserve balance for debt service of $743,115, which is sufficient to cover the Bond Indenture Reserve Requirement of $743,000.

  • Accordingly, South Australia submits that regime satisfies clause 6(4)(d).

  • At June 30, 2013, the Authority has a cash reserve balance for debt service of $939,683, which is sufficient to cover the Bond Indenture Reserve Requirement of $939,538.

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More Definitions of Indenture Reserve

Indenture Reserve. Indenture Securities", and "Permitted Investments" and replacing them with the following definitions, respectively:
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Indenture Reserve means a reserve established and maintained by Agent in an amount or amounts equal to (a) during the 30 day period preceding the date on which a scheduled payment of interest is due on the Indenture Securities, the aggregate amount of such interest, (b) during the 30 day period preceding the date on which a scheduled payment of interest is due on the Existing Notes, the aggregate amount of such interest, and (c) during the 30 day period preceding the date on which a scheduled payment of interest is due on the Supplemental Indenture Securities, the aggregate amount of such interest.
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Indenture Reserve means a reserve against the Maximum Amount in the amount of $1,000,000, as of the Closing Date, as such reserve may be adjusted from time to time in Foothill's sole and absolute discretion; provided, however, that at no time shall such reserve be in an amount greater than $1,000,000.
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Indenture Reserve means (without duplication) the amount of (a) any Indebtedness outstanding under clause (c) or clause (i) of the definition of Permitted Indebtedness and (b) any other Indebtedness (as that term is defined in the Indenture) that is permitted under Section 4.03(a)(10) of the Indenture.
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Related to Indenture Reserve

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

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

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

  • 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.

  • 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.

  • Reserve Account Surplus means, as of any date of determination, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE5, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE5." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Indenture Estate shall have the meaning specified in the Granting Clause of the Lease Indenture.

  • Indenture Notes means the Notes.

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

  • 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.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Debt Service Reserve Requirement means, as of any date of calculation, and for any Fiscal Year, the amount equal to the maximum Adjusted Aggregate Debt Service on Bonds in the current or any future Fiscal Year on all Bonds Outstanding; provided, however, that if, upon the issuance of a Series of Bonds, such amount would require moneys, in an amount in excess of the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, to be deposited therein, the Debt Service Reserve Requirement shall mean an amount equal to the sum of the Debt Service Reserve Requirement immediately preceding issuance of such Bonds and the maximum amount permitted under the Code to be deposited therein from the proceeds of such Bonds, as certified by an Authorized Representative of the Authority; provided, further, that, if (i) the payment of the Principal Installments of or interest on any Series of Bonds or portion thereof is secured by a Special Credit Facility, (ii) the payment of the Tender Option Price of any Option Bond of a Series is secured by a Special Credit Facility or (iii) the Authority has determined in a Supplemental Resolution authorizing the issuance of a Series of Bonds that such Series of Bonds will not be secured by the Common Account in the Debt Service Reserve Fund, the Supplemental Resolution authorizing such Series may specify the Debt Service Reserve Requirement, if any, for the Bonds of such Series: provided, further, that if, as a result of the expiration or termination of a Financial Guaranty, a deficiency shall be created in the Debt Service Reserve Fund, the Debt Service Reserve Requirement shall be calculated so as to exclude the amount of such deficiency and the Debt Service Reserve Requirement shall be increased in each of the five Fiscal Years after the date such deficiency was created by an amount equal twenty per centum (20%) of the aforesaid deficiency.For the purpose of calculating the Debt Service Reserve Requirement for any Variable Rate Bonds of a Series, the maximum Adjusted Debt Service on such Series shall be determined by reference to the Pro Forma Bond Issue for the Variable Rate Bonds of such Series set forth in the Supplemental Resolution authorizing such Series.

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

  • 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 C( - ) 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.]

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

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 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.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, 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, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).