Reserve Deposit definition

Reserve Deposit has the meaning specified in Section 4.4.

Reserve Deposit means each deposit made or required to be made into a Reserve Fund.

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.

Examples of Reserve Deposit in a sentence

• If Lender does not collect an Imposition Reserve Deposit with respect to an Imposition either marked “Deferred” in Section 4.02(a) or pursuant to a separate written deferral by Lender, then on or before the earlier of the date each such Imposition is due, or the date this Loan Agreement requires each such Imposition to be paid, Borrower will provide Lender with proof of payment of each such Imposition.

• Commencing on the date the first installment of principal and/or interest is due under the Note and continuing on the same day for each successive month until the purchase of the last Replacement Cap Agreement, Borrower must pay to Lender an amount equal to the Rate Cap Reserve Deposit.

• Lender will provide Notice to Borrower of any revised Rate Cap Reserve Deposit.

• Lender and Borrower acknowledge that Borrower has established the Repair Reserve Fund by depositing the Repair Reserve Deposit with Lender on the date of this Loan Agreement, and that Borrower must complete the Repairs required pursuant to Section 6.14.

• If Lender does not collect an Imposition Reserve Deposit with respect to an Imposition either marked “Deferred” in Section 4.02(a) or pursuant to a separate written deferral by Lender, then on or before the date each such Imposition is due, or on the date this Loan Agreement requires each such Imposition to be paid, Borrower will provide Lender with proof of payment of each such Imposition.

More Definitions of Reserve Deposit

Reserve Deposit shall have the meaning given to such term in the Credit Default Protection Agreement.

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.

Reserve Deposit means an amount equal to the LTV Covenant Cure Amount (as defined in the Financing Agreement)."

Reserve Deposit set forth in Section 1 of the Original Agreement is hereby amended by deleting such definition in its entirety and substituting the following:

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;

Reserve Deposit means that certain deposit maintained by Dry Bulk Australia with the Facility Agent in an amount of Five Million United States Dollars ($5,000,000) which shall be used to cover potential foreign exchange risks in connection with the Shipsales Contract and provided that any amounts on deposit on the Delivery Date of the Newbuilding shall be available for use by the Borrowers in connection with the delivery of the Newbuilding;

Reserve Deposit means $600,000 of Borrower funds deposited in the Bond Fund in accordance with Section 4.01 of this Loan Agreement.