Reinvestment Account definition

Reinvestment Account. As defined in the Indenture.

Reinvestment Account means the interest bearing trust account so designated and established and maintained pursuant to Section 7.04(a).

Reinvestment Account means an account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent or with respect to non-U.S. accounts, other applicable agreements, filings, or perfection actions reasonably acceptable to the Administrative Agent, into which net cash proceeds from an asset sale or other transfer of assets permitted pursuant to clause (8) of “Negative Covenants” below have been deposited; provided that, for the avoidance of doubt, such account shall not be required to be a segregated account.

Examples of Reinvestment Account in a sentence

• Charges to amortize Project Facility Capital Costs paid with amounts from the SWRDS Reinvestment Account shall return to the State, in equal annual amounts over an amortization period determined by the State, the amount of each such cost together with an interest charge on the unamortized balance thereof.

• The Issuer will not, directly or indirectly, make payments to or distributions from the Collection Account or the Collateral Reinvestment Account except in accordance with this Indenture and the other Basic Documents.

• If there is a decrease in the cap (but the cap shall not be lower than $150 million), the excess funds would be transferred to the SWRDS Reinvestment Account (SRA).

• The amount standing to the credit of the Reinvestment Account shall not be an asset of the relevant Fund or the ICAV.

• The amount standing to the credit of the Reinvestment Account will be immediately transferred from such account to the account of the relevant Fund.

More Definitions of Reinvestment Account

Reinvestment Account has the meaning specified in the definition of "Divestiture".

Reinvestment Account shall have the meaning assigned to such term in the definition of Net Cash Proceeds.

Reinvestment Account means the account maintained by the Lender pursuant to Section 3.7 of the Loan Agreement.

Reinvestment Account has the meaning set forth in Article I of the Declaration.

Reinvestment Account has the meaning specified in Section 3.2(c).

Reinvestment Account shall have the meaning give to the term in the Term Loan Credit Agreement as of the date hereof.

Reinvestment Account means the interest-bearing account into which amounts that would otherwise be available for distribution shall be held pending re-investment in the Portfolio.