O&M Reserve Funds definition

O&M Reserve Funds means, collectively, the Liberty O&M Reserve Funds and the FT O&M Reserve Funds.
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O&M Reserve Funds means, collectively, the Liberty O&M Reserve Funds or the Amalgamated O&M Reserve
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Examples of O&M Reserve Funds in a sentence

  • All disbursements of O&M Reserve Funds shall be made from the Liberty O&M Reserve Account and the FT O&M Reserve Account on a pro rata basis.

  • All disbursements of O&M Reserve Funds prior to the satisfaction of the Senior Debt Obligations shall be made from the Liberty O&M Reserve Account and the Amalgamated O&M Reserve Account on a pro rata basis and, after the satisfaction of the Senior Debt Obligations, from the CGB O&M Reserve Account.

  • The CGB O&M Reserve Account shall at all times have a cash balance (the “Required CGB O&M Reserve Balance”) equal to (i) the sum of the O&M Rollover Payment and the Required O&M Replenishment Amount plus (ii) Quarterly CGB Reserve Account Payments, less (iii) the amount of any CGB O&M Reserve Funds released by Administrative Agent from the CGB O&M Reserve Account with the consent, or at the request, of the Lenders and, to the extent required by the Interparty Agreement, EWB.

  • After transferring its current balance to the Operating Funds, the O&M Reserve Funds should be reclassified as rate stabilization funds and be used to insulate customers from large increases or decreases in rates; it is recommended that $10,000 be placed into each of the rate stabilization funds when they are established.

  • A normal access route does not include grass, parking stalls, ditches, hills, shrubs, flower beds, fences, walls or any other area not typically used for ingress or egress to a building.

  • The Liberty O&M Reserve Account shall at all times have a cash balance (the “Required Liberty O&M Reserve Balance”) equal to (i) $250,000 plus (ii) the amount of each Required Additional Liberty O&M Deposit (whether or not there were sufficient Concentration Account Funds to make such Required Liberty O&M Deposit) less (iii) the amount of any Liberty O&M Reserve Funds released by Administrative Agent from the Liberty O&M Reserve Account with the consent, or at the request, of the Required Lenders.

  • The FT O&M Reserve Account shall at all times have a cash balance (the “Required FT O&M Reserve Balance”) equal to (i) $250,000 plus (ii) the amount of each Required Additional FT O&M Deposit (whether or not there were sufficient Concentration Account Funds to make such Required FT O&M Deposit) less (iii) the amount of any FT O&M Reserve Funds released by Administrative Agent from the FT O&M Reserve Account with the consent, or at the request, of the Required Lenders.

  • All disbursements of O&M Reserve Funds shall be made from the Liberty O&M Reserve Account and the Amalgamated O&M Reserve Account on a pro rata basis.

  • The Amalgamated O&M Reserve Account shall at all times have a cash balance (the “Required Amalgamated O&M Reserve Balance”) equal to (i) $3,250,000 plus Quarterly Amalgamated O&M Reserve Account Payments (ii) less (iii) the amount of any Amalgamated O&M Reserve Funds released by Administrative Agent from the Amalgamated O&M Reserve Account with the consent, or at the request, of the Required Lenders, and, to the extent required by the Interparty Agreement, EWB.

  • The Liberty O&M Reserve Account shall at all times have a cash balance (the “Required Liberty O&M Reserve Balance”) equal to (i) $3,250,000 (ii) plus, Quarterly Liberty O&M Reserve Account Payments less (iii) the amount of any Liberty O&M Reserve Funds released by Senior Administrative Agent from the Liberty O&M Reserve Account with the consent, or at the request, of the Required Lenders (as such term is defined in the Senior Credit Agreement), and, to the extent required by the Interparty Agreement, EWB.

Related to O&M Reserve Funds

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

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

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

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible 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 [*];

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

  • 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.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

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

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

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

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

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

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

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • 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.

  • 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.

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.