Examples of O&M Reserve Account in a sentence
On or prior to the Closing Date, the Borrower and the Security Agent shall cause to be established at the Securities Intermediary the Operating Account, Revenue Account, the Disbursement Account, the Debt Service Reserve Account, the O&M Reserve Account, the Loss Proceeds Account, the Distribution Reserve Account, the Stetson I Holding Account, the Government Grant Proceeds Account, the Gen Lead Account and the Energy Hedge Reserve Account.
Funds on deposit in the O&M Reserve Account may be transferred at Borrower’s request to be applied as an Optional Prepayment in connection with an AIMCO Prepayment.
All proceeds of Drawing Payments in respect of the O&M Reserve LC shall be deposited in the O&M Reserve Account.
Funds on deposit in the O&M Reserve Account shall be used as and to the extent necessary in the event that the amounts on deposit in the Revenue Account are at any time insufficient for the purpose set forth in Section 6(b)(1).
On or prior to the Closing Date, the Borrower and the Collateral Agent shall cause to be established at the Securities Intermediary the Revenue Account, the Disbursement Account, the Distribution Reserve Account, the Liquidated Damages Account, the Loss Proceeds Account, the Additional Payment Account, the Debt Service Reserve Account and the O&M Reserve Account.