Examples of Reserve Fund Required Amount in a sentence
If the Notes have been redeemed in full and all other obligations in respect of the Notes have been satisfied on the Quarterly Payment Date immediately before such Quarterly Calculation Date or will be satisfied on the next Quarterly Payment Date, all amounts standing to the credit of the Reserve Fund Account may be released and thus the Reserve Fund Required Amount will be reduced to zero, save for any amounts reasonably determined by the Administrator.
If the balance standing to the credit of the Reserve Fund Account on any Quarterly Calculation Date, exceeds the Reserve Fund Required Amount, such excess amount shall be debited from the Reserve Fund Account on the next following Quarterly Payment Date, credited to the Transaction Account, and form part of the Quarterly Interest Available Funds, to be applied in accordance with the Quarterly Interest Priority of Payments.
IssuerIf rating falls below both F1 (short-term) and A(long-term)If rating falls below Prime-1 (short-term) (cr) Requirement to establish Reserve Fund up to the Reserve Fund Required Amount.
In addition, the Issuer will, as consideration for the CBC assuming the Guarantee, pay all costs and expenses of the CBC and make, receive all payments to be made or received by the CBC under any Swap Agreement (if any) and fund the Reserve Fund up to the Reserve Fund Required Amount.
All required trainings shall be offered on at least two (2) separate dates during the summer that are at least three (3) weeks apart.