Reserve Account Bank definition

Reserve Account Bank means the institution then holding the Reserve Account pursuant to Section 2.8.

Reserve Account Bank means BMO Xxxxxx Bank N.A., and any successor thereto under the Reserve Account Control Agreement.

Reserve Account Bank means Century Bank or such other bank or banks selected by the Administrative Agent to maintain the Reserve Account. The Administrative Agent may, in its reasonable discretion, request that the Borrower change the Reserve Account Bank up to one (1) time per year; provided that at any time during the continuance of an Event of Default there shall be no restriction on the Administrative Agent’s ability to request that the Borrower change the Reserve Account Bank.

Examples of Reserve Account Bank in a sentence

• To the extent funds are available in the Reserve Account, the Servicer shall cause the Reserve Account Bank to pay the amount requested to the applicable Managing Agent’s Account, as specified by the Administrative Agent, by 1:00 p.m. New York City time on the last day of such Interest Period or on such Settlement Date.

• An account (the “Reserve Account”) shall be established with the Reserve Account Bank.

• The Borrower, the Servicer, the Administrative Agent and the Reserve Account Bank have entered into the Reserve Account Control Agreement.

• By 1:00 p.m. New York City time on the Business Day prior to the last day of each Interest Period and each Settlement Date on which the amount of the Shortfall Amount is greater than zero, the Servicer shall notify the Reserve Account Bank requesting payment thereof.

• In the event the Reserve Account Bank ceases to be an Eligible Institution, the Borrower shall, within ten days after learning thereof, establish a new Reserve Account (and transfer any balance and investments then in the Reserve Account to such new Reserve Account) at another Eligible Institution, which new Reserve Account shall be subject to a replacement Reserve Account Control Agreement.

More Definitions of Reserve Account Bank

Reserve Account Bank means FTB.

Reserve Account Bank is defined in the definition of "Account Control Agreement."

Reserve Account Bank. ’ means Barclays Bank PLC or any successor appointed as reserve account bank pursuant to the Reserve Account Agreement.

Reserve Account Bank means MUFG Union Bank, N.A.

Reserve Account Bank means The Bank of Tokyo-Mitsubishi Limited, London Branch or such other bank as the Facility Agent may nominate for the purpose of holding and operating the Reserve Account;

Reserve Account Bank means Elavon Financial Services Limited, a limited liability company registered in Ireland with the Companies Registration Office (registered number 418442), with its registered office at Block E, Cherrywood Business Park, Loughlinstown, Dublin, Ireland acting through its UK Branch (registered number BR009373) from its offices at 125 Old Broad Street, London, EC2N 1AR under the trade name U.S. Bank Global Corporate Trust Services.

Reserve Account Bank means MUFG Union Bank, N.A. Exhibit I-28 737768156 10446458 THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT