Reserve Instrument Coverage definition

Reserve Instrument Coverage means, as of any date of calculation, the aggregate amount available to be paid to the Trustee pursuant hereto under all Reserve Instruments.
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Reserve Instrument Coverage means, as of any date of calculation and with respect to any Reserve Instrument, the amount available to be paid under such Reserve Instrument into the related Series Subaccount in the Debt Service Reserve Account to satisfy all or any portion of the Debt Service Reserve Requirement.
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Reserve Instrument Coverage means, with respect to each Reserve Instrument and as of any date of calcula- tion, the amount available to be paid to the Trustee as described in paragraph (b) under the heading “Principal and Interest Fund–Debt Service Reserve Account” under each Reserve Instrument.
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Examples of Reserve Instrument Coverage in a sentence

  • In calculating the amount on deposit in each account of the Debt Service Reserve Fund, the amount of the Reserve Instrument Coverage will be treated as an amount on deposit therein.

  • In calculating the amount on deposit in each account in the Debt Service Reserve Fund, the amount of any Reserve Instrument Coverage will be treated as an amount on deposit in such account in the Debt Service Reserve Fund.

  • Unless otherwise provided in a Supplemental Indenture authorizing a Series of Bonds, in calculating the amount on deposit in a Series Subaccount in the Debt Service Reserve Account, the amount of the Reserve Instrument Coverage for the corresponding Series of Bonds will be treated as an amount on deposit in such Series Subaccount in the Debt Service Reserve Account.

  • Moneys at any time on deposit in the account of the Debt Service Reserve Fund in excess of the amount required to be maintained therein (taking into account the amount of related Reserve Instrument Coverage) shall be transferred by the Trustee to the Bond Fund at least once each year.

  • All payments required by the Indenture to be made into the Bond Fund must have been made in full, and there must be in the Debt Service Reserve Fund (considering any Reserve Instrument Coverage) the full amount required by the Indenture to be accumulated therein.

  • In addition, it analyses the enforcement consequences of the new develop- ments in information reporting and electronic invoicing, which enable the tax authority to randomly cross-check the invoices.

  • In calculating the amount on deposit in each account of the Debt Service Reserve Fund, the amount available under the Reserve Instrument Coverage will be treated as an amount on deposit therein.


More Definitions of Reserve Instrument Coverage

Reserve Instrument Coverage means, as of any date of calculation and with respect to any Reserve Instrument, the amount available to be paid under such Reserve Instrument into the related Series Subaccount in the Debt Service Reserve Account to satisfy all or any portion of the Debt Service Reserve Requirement. Reserve Instrument Issuer
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Reserve Instrument Coverage means, as of any date of calculation, the aggregate amount available to be paid to the Trustee pursuant hereto under all Reserve Instruments, or, with respect to a particular Reserve Instrument, the amount available to be paid to the Trustee pursuant hereto under such Reserve Instrument.
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Related to Reserve Instrument Coverage

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Credit property insurance means insurance:

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.

  • Loss Reserve means, on any date, an amount equal to (i) the aggregate of the Investment of all Purchasers set forth in the definition thereof at the close of business of the Servicer on such date multiplied by (ii)(A) the Loss Reserve Percentage on such date divided by (B) 100% minus the Loss Reserve Percentage on such date.