Reserve Deposit definition

Reserve Deposit has the meaning specified in Section 4.4.
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Reserve Deposit means each deposit made or required to be made into a Reserve Fund.
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Reserve Deposit. With respect to the Accumulation Pool or any Securitized Loan Pool, on any Distribution Date, the lesser of (x) the related Excess Servicing for such Distribution Date or (y) any related Reserve Shortfall for such Distribution Date.
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Examples of Reserve Deposit in a sentence

  • DEBT SERVICE RATIO: Payments on any amortizing mortgage secured debt divided by the sum of all operating expenses plus Required Reserve Deposit.

  • In such event, the Trustee shall value the investments in the Reserve Deposit on each January 1, April 1, July 1 and October 1, at the lower of cost or fair market value.

  • In order to mitigate this risk, the Servicer has agreed to fund a cash deposit (the “Commingling Reserve Deposit”) in favour of the Compartment with the Commingling Reserve Account opened with the Account Bank in the name of the Compartment.Pursuant to the Commingling Reserve Deposit Agreement, the Servicer has agreed to make such deposit with the Compartment by way of full transfer of title in accordance with Article L.

  • The Issuer, at its discretion, may allow the Tenant to direct the investment of the Reserve Deposit with respect to the Bonds.

  • If, pursuant to such valuation, the Reserve Deposit is less than the Minimum Deposit, the Trustee shall immediately notify the Tenant and the Issuer.


More Definitions of Reserve Deposit

Reserve Deposit shall have the meaning given to such term in the Credit Default Protection Agreement.
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Reserve Deposit. The initial deposit in the amount of Twenty-Five Thousand and 00/100ths Dollars ($25,000.00), to be deposited into the Reserve Account on or before the Closing Date.
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Reserve Deposit means an amount equal to the LTV Covenant Cure Amount (as defined in the Financing Agreement)."
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Reserve Deposit set forth in Section 1(qq) of the Original Agreement is hereby amended by deleting such definition in its entirety and substituting the following:
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Reserve Deposit means in respect of any series of Common Fund Bonds funds meeting the requirements of Section 202 of the Basic Resolution deposited in the Common Reserve Account as the applicable Minimum Deposit and any amounts paid to the Issuer or Trustee and deposited in the Common Reserve Account under or in substitution for any amounts payable under an Approved Letter of Credit or Subsequent Approved Letter of Credit;
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Reserve Deposit means $600,000 of Borrower funds deposited in the Bond Fund in accordance with Section 4.01 of this Loan Agreement.
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Reserve Deposit means, with respect to each Credit Advance, an amount equal to [****] of such Credit Advance.
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