Maximum Reserve Requirement definition
Maximum Reserve Requirement means the maximum dollar amount
Maximum Reserve Requirement means, with respect to any Obligations for which, pursuant to the Obligation Instrument pursuant to which such Obligations are incurred, a Debt Service Reserve Fund is required to be established, as of the date of any calculation, the least of
Examples of Maximum Reserve Requirement in a sentence
The Reserve Fund constitutes a “Debt Service Reserve Fund” for purposes of and as described in the Master Obligation Agreement and shall be subject to the provisions of the Master Obligation Agreement relating to Debt Service Reserve Funds.] [The Reserve Requirement for the Payments shall not exceed the Maximum Reserve Requirement with respect thereto.