Reserve Fund Alternative Investment definition

Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank and shall include [the Surety Bond (as defined in the Outstanding Parity Bond Ordinance)].
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Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank meeting the requirements of Section 12 hereof.
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Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank in accordance with Section 11 hereof.
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Examples of Reserve Fund Alternative Investment in a sentence

  • In lieu of the required transfers to the Reserve Fund or to provide for the removal of all or a portion of the amounts on deposit in the Reserve Fund, the Issuer may cause to be deposited into the Reserve Fund a Reserve Fund Alternative Investment in an amount equal to (i) the difference between the Reserve Fund Requirement and the sums then on deposit in the Reserve Fund, if any or (ii) the Reserve Fund Requirement.

  • It is expressly provided that any Reserve Fund Alternative Investment deposited in or credited to the Reserve Fund pursuant to this paragraph shall, at the time of such deposit or credit, carry a rating from at least one (1) rating agency, or if such Reserve Fund Alternative Investment is not itself rated, the Reserve Insurer providing such Reserve Fund Alternative Investment shall be so rated.

  • The Reserve Fund Alternative Investment shall be payable (upon the giving of notice as required thereunder) on any due date on which moneys will be required to be withdrawn from the Reserve Fund and applied to the payment of principal of or interest on any Bonds, Outstanding Parity Bonds or Additional Parity Bonds, when such withdrawal cannot be met by amounts on deposit in the Sinking Fund or the Reserve Fund or provided from any other fund or account under this Bond Ordinance.

  • On the date of issuance of the Bonds, the Issuer shall deposit into the Reserve Fund cash or a Reserve Fund Alternative Investment in an amount that, when combined with any other cash or Reserve Fund Alternative Investments then in the Reserve Fund will equal the Reserve Fund Requirement.

  • To the extent the Reserve Fund is funded in part with a Reserve Fund Alternative Investment, the Paying Agent must make claims pro rata (in the proportion which the maximum amount available under each such Reserve Fund Alternative Investment bears to the total Reserve Fund Requirement) against all such Reserve Fund Alternative Investment on deposit in the Reserve Fund.

  • The obligation of the Issuer to reimburse any provider of a Reserve Fund Alternative Investment shall enjoy the same priority as the obligation to replenish the Reserve Fund cash or investments.

  • To the extent the Reserve Fund is funded in part with a Reserve Fund Alternative Investment, the Paying Agent must make claims pro rata (in the proportion which the maximum amount available under each such Reserve Fund Alternative Investment bears to the total Reserve Fund Requirement) against all such Reserve Fund Alternative Investments on deposit in the Reserve Fund.

  • Making entry on registered security over movables(1) An entry will be made in the motor register regarding a registered security over movables on the basis of a written application of the person entered in the motor register as the owner of the vehicle, which is accompanied by the written agreement on establishing the registered security over movables.

  • In lieu of the required transfers to the Reserve Fund or to provide for the removal of all or a portion of the amounts on deposit in the Reserve Fund, the Issuer may cause to be deposited into the Reserve Fund a Reserve Fund Alternative Investment for the benefit of the holders of the Bonds or a letter of credit in an amount equal to (i) the difference between the Reserve Fund Requirement and the sums then on deposit in the Reserve Fund, if any or (ii) the Reserve Fund Requirement.

  • On the date of issuance of the Bonds, the Issuer shall (i) deposit from the proceeds of the Bonds into the Reserve Fund an amount equal to the Reserve Fund Requirement, (ii) deposit to the credit of the Reserve Fund a Reserve Fund Alternative Investment equal to the Reserve Fund Requirement, or (iii) a combination of the foregoing so that the Reserve Fund is funded in an amount equal to the Reserve Fund Requirement.


More Definitions of Reserve Fund Alternative Investment

Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank meeting the requirements of the Bond Resolution.
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Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank.
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Reserve Fund Alternative Investment means a surety bond or insurance policy issued by an insurance company as further described in the Bond Purchase Agreement, if any.
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Reserve Fund Alternative Investment or "Reserve Product" means a policy of bond insurance, a surety bond or a letter of credit or other credit facility used in lieu of a cash deposit in the Reserve Fund meeting the terms and conditions of Section 4.3 hereof.
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Related to Reserve Fund Alternative Investment

  • Alternative investment means an investment in a private equity fund, venture fund, hedge fund, or absolute return fund.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • PIPE Investment Amount has the meaning specified in Section 6.16.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $2,128,635.19 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0; provided, however, that the Reserve Fund Required Amount may not exceed the Note Balance.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Fund Deposit With respect to the Reserve Fund, an amount equal to $5,000, which the Depositor shall initially deposit into the Reserve Fund pursuant to Section 3.21 hereof.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.