Reserve Account definition

Reserve Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(iii).
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Reserve Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
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Reserve Account shall have the meaning specified in subsection 4.12(a).
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Examples of Reserve Account in a sentence

  • On the Closing Date, Borrower shall establish the Reserve Account and fund the Reserve Account in the amount of $2,187,870.39 in accordance with the terms and conditions of the Pledge Agreement.

  • All amounts in the Reserve Account shall bear interest at the Lender’s standard rates for deposit accounts from time to time and shall stand as additional collateral for repayment of the Loan.

  • Upon the occurrence of an Event of Default under Section ‎7.1 hereof, the Lender may, at its option, refuse to disburse any undisbursed proceeds of funds held in the Reserve Account, the Sweep Account or any funds available for advance under the Loan B Note.

  • In the event the funds available in the Reserve Account and the unadvanced funds of Loan B at and any time or from time to time, in L▇▇▇▇▇’s reasonable determination, not sufficient to complete the Project pursuant to the Budget, Borrower shall deposit, or cause to be deposited, into the Reserve Account a cash equity contribution sufficient to cover any such deficiency.

  • Subject to satisfaction of the terms and conditions of Section ‎3.2, L▇▇▇▇▇ has agreed to disburse to Borrower the funds held in the Reserve Account, the funds held in the Sweep Account or the proceeds of Loan B in connection with each request by Borrower for the disbursement thereof.


More Definitions of Reserve Account

Reserve Account. Any of the accounts established and maintained pursuant to Section 3.03(d).
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Reserve Account with account number 275176001;
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Reserve Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 8.2.
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Reserve Account is defined in Section 4.10(a).
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Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(a) of the Administration Agreement.
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Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(g) of the Administration Agreement.
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Reserve Account means the Reserve Account maintained by the Paying Agent in accordance with the provisions of Section 5.3, which shall be an Eligible Account.
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