Notional Reserve Account definition

Notional Reserve Account means the notional account denominated in EUR maintained by the Valuation Agent for the purposes of debiting and crediting each amount set out in paragraph 14.3. The Notional Reserve Account may have a negative balance. For the avoidance of doubt, the Notional Reserve Account is a notional account and therefore does not represent an actual entitlement of Counterparty or any other person.
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Examples of Notional Reserve Account in a sentence

  • On the final Notional Reserve Account Adjustment Date in respect of any such removal, the Termination Date will occur.5.11 Should the Independent Accountant determine that the New GVaR Methodology was reasonable, then such New GVaR Methodology will become effective as of the date of determination.

  • The final Notional Reserve Account Adjustment Date shall be the Stop Loss Date.

  • On the final Notional Reserve Account Adjustment Date (the Stop Loss Date) in respect of any such removal, the Termination Date will occur.

  • For the avoidance of doubt, the Notional Reserve Account is a notional account and therefore does not represent an actual entitlement of Counterparty or any other person.2.2 On the earlier to occur of the Effective Date of the Transaction and the Effective Date of any Related Swap, the balance of each Notional Reserve Account shall be equal to the sum of the Upfront TRS Payments denominated in the relevant currency received under the Transaction or such Related Swap on or about such Effective Date.

  • For the avoidance of doubt, a Notional Reserve Account Adjustment Date shall occur on each date that such a removal is effected.

  • For the avoidance of doubt a Notional Reserve Account Adjustment Date shall occur on each date that such a removal is effected.

  • For the avoidance of doubt, the Notional Reserve Account is a notional account and therefore does not represent an actual entitlement of Counterparty or any other person.

  • The cost of obtaining any such rating (the Eligible Rating Costs) shall be borne by the Synthetic Master Account and, accordingly, shall be deducted from the Notional Reserve Account on the date on which such costs are deemed to have been incurred (as determined by the Valuation Agent and communicated to the Calculation Agent).

  • If the terms of a Short Swap Transaction provide for the notional physical settlement of such Credit Derivative Transaction, then, subject to the following paragraph, the Physical Settlement Amount will be calculated, and the Physical Settlement Date (which will be the Notional Reserve Account Adjustment Date) will be determined, in each case in accordance with the terms of the Swap Transaction.

  • For the purposes of calculating the portion of a Notional Reserve Account Adjustment Amount that corresponds to a notional Cash Settlement Amount or notional Physical Settlement Amount following the occurrence pursuant to a Credit Derivative Transaction (other than a CDS on ABS Transaction) of a Credit Event in respect of a Reference Entity, such Credit Event shall be deemed to be settled notionally on the basis set out below.

Related to Notional Reserve Account

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • 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.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • 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.

  • Initial Reserve Account Deposit means $3,000,000.

  • 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 A( - ) 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.]

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

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

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.