Loan Reserve definition

Loan Reserve means a reserve account (which may be interest bearing or non-interest bearing) established with Lender at a financial institution selected by Lender (subject to Borrower’s approval, not to be unreasonably withheld, conditioned or delayed), which financial institution must meet the Rating Criteria, in which Lender holds a perfected security interest for the benefit of Lender, and into which all (i) Equity Deposits, (ii) Set Aside Funds, and (iii) all force funding amounts funded pursuant to Section 3.22 will be deposited.

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Loan Reserve means an interest bearing reserve account established with Lender or Administrator at a financial institution selected by Lender (subject to Borrower’s approval, not to be unreasonably withheld, conditioned or delayed), which financial institution must meet the Rating Criteria, in which Lender holds a perfected security interest for the benefit of Lender, and into which all Equity Deposits, Punch List Sub Reserves, and Set Aside Funds will be deposited pursuant to Sections 3.16 and 3.17.

Loan Reserve means the following amounts during the following periods: DATE LOAN RESERVE AMOUNT ---- ------------------- CLOSING DATE to 6/29/96; and 3/31 to 6/29 of each year thereafter during the term of the CREDIT FACILITY, provided the BORROWER has made all required payments under the SUBORDINATED DEBT when and as due $ 0.00 The contrary notwithstanding, if at any time the BORROWER has not made all required payments under the SUBORDINATED DEBT when and as due, the LOAN RESERVE shall be the amount equal to the SUBORDINATED DEBT PAYMENT until such payments are made.

Examples of Loan Reserve in a sentence

Borrower shall cause Mortgage Borrower and Senior Mezzanine Borrower to deposit and maintain each of the Mortgage Loan Reserve Funds and Senior Mezzanine Loan Reserve Funds (if any) as more particularly set forth in Article VII of the Mortgage Loan Agreement and Senior Mezzanine Loan Agreement and to perform and comply with all the terms and provisions relating thereto.
Borrower grants to Lender a first-priority perfected security interest in Borrower’s interest in each of the Mortgage Loan Reserve Funds and Senior Mezzanine Loan Reserve Funds, if any, subject to the prior rights of Mortgage Lender and Senior Mezzanine Lender, and any and all monies now or hereafter deposited in each Mortgage Loan Reserve Fund and Senior Mezzanine Loan Reserve Funds as additional security for payment of the Debt to the extent Borrower has an interest in same.
The Force Majeure Loan Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders as their interests appear in the Trust Estate.
The Indenture Trustee on behalf of the Noteholders shall possess all right, title and interest in all funds on deposit from time to time in the Force Majeure Loan Reserve Account and in all proceeds thereof.
Borrower grants to Lender a first-priority perfected security interest in Borrower’s interest in each of the Mortgage Loan Reserve Funds, if any, subject to the prior rights of Mortgage Lender, and any and all monies now or hereafter deposited in each Mortgage Loan Reserve Fund as additional security for payment of the Debt to the extent Borrower has an interest in same.
Borrower shall cause Mortgage Borrower to deposit and maintain each of the Mortgage Loan Reserve Funds as more particularly set forth in the Mortgage Loan Agreement and to perform and comply with all the terms and provisions relating thereto.
Borrower shall cause Mortgage Borrower to deposit and maintain each of the Mortgage Loan Reserve Funds as more particularly set forth in Article VII of the Mortgage Loan Agreement and to perform and comply with all the terms and provisions relating thereto.
Deposits to the Force Majeure Loan Reserve Account shall be made in accordance with Section 3.4(a) hereof such that the amount on deposit therein, if any, is equal to the Force Majeure Required Reserve Amount.
The Issuer hereby directs and the Indenture Trustee hereby agrees to cause to be established and maintained an account (the “Force Majeure Loan Reserve Account”) for the benefit of the Noteholders.
The Borrower shall create a segregated Loan Reserve Account that shall be held in trust for the benefit of DEQ.

More Definitions of Loan Reserve

Loan Reserve set forth in Section 1.1 of the Existing Loan Agreement is hereby amended by adding the language "Year 2000 Reserve" after the language "In-Transit Reserve,".

Loan Reserve shall have the meaning specified in Section 3.2 hereof.

Loan Reserve means a reserve account (which may be interest bearing or non-interest bearing) established with Lender at a financial institution selected by Lender (subject to Borrower’s approval, not to be unreasonably withheld, conditioned or delayed), which financial institution must meet the Rating Criteria, in which ▇▇▇▇▇▇ holds a perfected security interest for the benefit of Lender, and into which all (i) Equity Deposits,

Loan Reserve shall have the meaning set forth in the Existing Deed of Trust. "New Borrower" shall have the meaning and shall conform to the requirements contained in the GECAM Agreement.

Loan Reserve means the $700,000 reserve established on the Closing Date with respect to the Borrowing Base which reserve shall remain in effect, in the Permitted Discretion of Lender, until the Obligations are repaid in full.“Lockbox Accounts” shall mean the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.