Reserve Fund Account definition

Reserve Fund Account means the Euro denominated account established in the name of the Guarantor with the Account Bank, IBAN IT41Q623012700000037051251, or such other substitute account as may be opened in accordance with the Cash Allocation, Management and Payments Agreement.

Reserve Fund Account has the meaning set out in Section 6.3(2);

Reserve Fund Account means the interest bearing deposit account No. 7007006405 in the name of Borrower held with Community Bank, N.A.

Examples of Reserve Fund Account in a sentence

• The beneficial owners of the Excess Reserve Fund Account are the Class X Certificateholders.

• For all federal tax purposes, amounts transferred by the Upper Tier REMIC to the Excess Reserve Fund Account shall be treated as distributions by the Trustee to the Class X Certificateholders.

• For the avoidance of doubt, any Basis Risk Carry Forward Amounts shall be paid to the LIBOR Certificates first from the Excess Reserve Fund Account and then from the Supplemental Interest Trust.

• The Securities Administrator shall account for the Excess Reserve Fund Account as an asset of a grantor trust under subpart E, Part I of subchapter J of the Code and not as an asset of any Trust REMIC created pursuant to this Agreement.

• Moreover, the Depositor shall provide information to the Trustee concerning the value to each Class of Certificates of the right to receive Basis Risk CarryForward Amounts from the Excess Reserve Fund Account.

More Definitions of Reserve Fund Account

Reserve Fund Account. An additional bank account in Tajik Somonis to hold unused funds from the preceding years and also to hold funds earmarked for any planned projects.

Reserve Fund Account has the meaning set out in Section 6.3(2); [OPTION FOR 292 PARLIAMENT: "Residential Portion" means the portion of the Demised Premises consisting of Residential Units and common areas required for the operation of the Residential Units, as more particularly identified in Schedule A.]

Reserve Fund Account means the Euro denominated account established in the name of the Guarantor with the English Account Bank with number 2372349780 (IBAN: GB84IRVT70022524120680), or such other substitute account as may be opened in accordance with the English Account Bank Agreement."

Reserve Fund Account. The meaning specified in Section 10.18 hereof.

Reserve Fund Account means an account within the Reserve Fund as described in Section 5.3 hereof.

Reserve Fund Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.01 in the name of the Trustee for the benefit of the Certificateholders and designated "Wells Fargo Bank, N.A., in trust for registered holders of BCAP 2006-RR0 Xxxecuritization Pass-Through Certificates, Series 2006-RR1."

Reserve Fund Account has the meaning assigned to such term in Section 2(c). SCHEDULE OF RECEIVABLES means the Schedule of Receivables attached hereto as Exhibit A, as such schedule may be amended or supplemented from time to time up to the Closing Date.