Insurance Reserve Account shall have the meaning set forth in Section 3.1.1(b).

Insurance Reserve Account shall have the meaning set forth in Section 8.2 hereof.

Insurance Reserve Account shall have the meaning set forth in Section 6.5.1(d).

Examples of Insurance Reserve Account in a sentence

Committed fund balance will include amounts set aside in the Insurance Reserve Account and the Budget Stabilization Account as included in the government’s financial policies of the “Understanding the Budget” section of the annual adopted operating budget.
In addition, the City has established, within the General Account of the Electric Light and Power Fund, an Insurance Reserve Account which is used to pay for losses incurred by the System which are not covered by insurance policies and are less than $900,000.
The Insurance Reserve Account was established as a general fund reservation (or designation) by the City-Parish in 1972.
Lender shall make payments of Impositions and insurance premiums out of the Tax and Insurance Reserve Account before the same shall be delinquent to the extent that there are funds available in the Tax and Insurance Reserve Account and Lender has received appropriate documentation to establish the amount(s) due and the due date(s) as and when provided above.
In addition, the City has established, within the General Account of the Water Fund, an Insurance Reserve Account which is used to pay for losses incurred by the System which are not covered by insurance policies and are less than $900,000.

More Definitions of Insurance Reserve Account

Insurance Reserve Account is defined in Section 6.1.

Insurance Reserve Account. The Securities Account established and maintained by the Paying Agent in the name of the Borrower Representative and entitled “JPMorgan Chase Bank, National Association, as Paying Agent, in trust for the Borrowers — Insurance Reserve Account # 689690953” or such other account established at the Paying Agent (or any successor) as may be designated in writing from time to time by the Agent, and at all times subject to an Account Control Agreement.

Insurance Reserve Account means any reserve account or subaccount (including any subaccount established on a ledger or book-entry basis within another account, and not as a separate account) in which Administrative Agent or Servicer holds the deposits for insurance premiums made pursuant to Section 4.2.

Insurance Reserve Account means, initially, that certain deposit account maintained by the Issuer with the Note Administrative Agent and designated in writing on or prior to the Closing Date (or such other deposit account approved in writing by the Required Note Purchasers) (it being understood and agreed that the funds therein shall at all times be reserved for the payment of the Deferred Insurance Premium in accordance with Section 6.6(a) and shall appear as restricted on its balance sheet).

Insurance Reserve Account has the meaning specified in Section 4.3(a) hereof.

Insurance Reserve Account means a sub-account of the Cash Management Account maintained on a ledger-entry

Insurance Reserve Account means the Turnpike System Insurance Reserve Account established under the Bond Resolution.