Maintenance Reserve Account definition

Maintenance Reserve Account means the Maintenance Reserve Account established by the Depositary pursuant to the Depository Agreement.

Maintenance Reserve Account has the meaning given to such term in Section 3.01(a).

Maintenance Reserve Account has the meaning given to such term in Section 3.01.

Examples of Maintenance Reserve Account in a sentence

• Disbursement shall be made from the Major Maintenance Reserve Account only to pay for major maintenance costs of the Facility upon a certification of the Project Engineer that after withdrawal of such funds for such purpose, the amounts remaining in the Major Maintenance Reserve Account (including anticipated future funding thereof) shall be adequate to meet the anticipated needs of the Facility for major maintenance for the next five years.

• The Maintenance Reserve Account is maintained in the general fund and its activity is included in the general fund annual budget.

• The beneficial owner of the Yield Maintenance Reserve Account is the Class X Certificateholder.

• That the Board of Education be permitted to deposit funds into its Maintenance Reserve Account by board resolution through the transfer of undesignated, unreserved general fund balance.

• The Trust Administrator shall deposit in the Yield Maintenance Reserve Account on the date received by it, any Yield Maintenance Agreement Payment received from the Yield Maintenance Agreement Provider for the related Distribution Date.

More Definitions of Maintenance Reserve Account

Maintenance Reserve Account means the Account so designated established and created under Section 2.2(a) of the Intercreditor Agreement.

Maintenance Reserve Account shall have the meaning assigned thereto in the Security Agreement.

Maintenance Reserve Account means that certain account, established in the name of the Facility Company, with the Depositary (as such term is defined in the Financing Documents), which account shall be used to maintain the Initial Maintenance Reserve Amount as adjusted from time to time to equal the Adjusted Maintenance Reserve Amount.

Maintenance Reserve Account means the account opened and maintained pursuant to Clause 10 of the Intercreditor Agreement;

Maintenance Reserve Account is defined in the Depositary Agreement.

Maintenance Reserve Account means the Maintenance Reserve Trust Account together with the Maintenance Reserve DDA Account (it being understood that any provision herein providing for or requiring a deposit of funds to the Maintenance Reserve Account shall be deemed to refer to a deposit to the Maintenance Reserve DDA Account, with all amounts on deposit in the Maintenance Reserve DDA Account to be automatically transferred on a daily basis to the Maintenance Reserve Trust Account).

Maintenance Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.