Reserve Agreements definition
Examples of Reserve Agreements in a sentence
Mortgagee may, in accordance with the Reserve Agreements, apply all or any portion of the funds by Mortgagee or its Servicer pursuant to the Reserve Agreements, or any other reserve or escrow account, to any and all of the Secured Obligations in such order of priority as Mortgagee shall elect in its sole and absolute discretion.
Mortgagor covenants that it will fully comply with the terms of the Reserve Agreements.
All payments received from Applicable Underlying Borrowers, Applicable Underlying Guarantors, and Purchasers and other obligors under the Pledged Consumer Notes Receivable and/or the Pledged Put and Reserve Agreements shall be paid to Lockbox Agent and deposited into the Lockbox Account in the name of Lender, all pursuant to the terms, provisions, and conditions of the Loan Agreement and the Lockbox Agreement.
All cancellations of Gold Reserve Agreements received by Münze Österreich AG by the 15th of a month shall be settled in EUR on the second trading day in Vienna and London after the 15th following the delivery of the notice of cancellation at the LBMA reference rate AM published on that day.
Servicer shall at all times during the term hereof perform all activities deemed reasonably necessary or appropriate to collect all amounts due and owing under the Pledged Notes Receivable, Pledged Consumer Notes Receivable, Pledged Put and Reserve Agreements, Applicable Mortgages (if any), Interval Mortgages, and other Applicable Underlying Transaction Documents.
For purposes of calculating the Parent Debt to Capitalization Ratio, Indebtedness under Alternative Reserve Agreements will be excluded if neither S&P nor ▇▇▇▇▇'▇ includes Indebtedness under such Alternative Reserve Agreement as financial leverage.
The Seller holds the Shared Reserves pursuant to the Shared Reserve Agreements and will continue to hold the Shared Reserves pursuant to the Shared Reserve Agreements (which may include Shared Residual Proceeds with respect to the Leases purchased under any Shared Reserve Agreement which also is a Shared Residual Agreement), unless and until required to deposit the same in a separate account in accordance with the provisions of the applicable Shared Reserve Agreement.
For purposes of calculating the SALIC Debt to Capitalization Ratio, Alternative Reserve Agreements shall not be treated as Indebtedness if neither S&P nor ▇▇▇▇▇'▇ includes Indebtedness under such Alternative Reserve Agreement as financial leverage.
Based upon that review, ▇▇▇▇▇▇ Mae may require a modification of the applicable Replacement Reserve Agreements and/or additional deposits thereunder as a condition to ▇▇▇▇▇▇ Mae’s consent to such Transfer.
This Agreement amends, restates and consolidates the Prior Debt Service Reserve Agreements.