Reserve Account definition

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

Reserve Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Reserve Account shall have the meaning specified in subsection 4.12(a).

Examples of Reserve Account in a sentence

• The Reserve Account will have two sub-accounts: the Operating Reserve and the Drought Reserve.

• The District shall own any water in the Reserve Account, until such time as Operating Reserve Water or Drought Reserve Water is used to satisfy the Water Availability Guarantee at which point it shall become Company Water and beowned by the Company.

• The District shall send the Company a detailed monthly statement of charges due for all Company Water delivered to the Delivery Point during the preceding month as measured by the Agency meters, which shall be read on a monthly basis, and all Operating Reserve Water and Drought Reserve Water used to satisfy the Water Availability Guarantee, The Company shall not be billed for Excess Water that goes into the Reserve Account.

More Definitions of Reserve Account

Reserve Account. Any of the accounts established and maintained pursuant to Section 3.03(d).

Reserve Account with account number 216808001; and

Reserve Account means the account designated as such, established and maintained pursuant to Section 8.2(a)(iii) of the Indenture.

Reserve Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Reserve Account is defined in Section 4.10(a).

Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(g) of the Administration Agreement.

Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(a) of the Administration Agreement.