Reserve Product definition

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 10(c) hereof.
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Reserve Product shall have the meaning set forth in Article 4.A.
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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 that is provided by a bond insurance provider or a bank or other financial institution whose bond insurance policies insuring, or whose letters of credit, surety bonds or other credit facilities securing, the payment, when due, of debt service on bond issues by public entities, at the time such surety bond, insurance policy, or letter of credit is obtained, result in such issues being rated in one of the two highest full rating categories by one or more of the nationally recognized rating agencies.
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Examples of Reserve Product in a sentence

  • Inside DMHs, or within halos inside another DMH, called sub-halos, the baryonic gas will radiatively cool.

  • Therefore, it is unclear if a DA Flexibility Reserve Product is required, as there may be already sufficient flexibility in the real-time or from resources started up in the short-term or real-time unit commitment processes.

  • With respect to the Series 2010 Bonds, no Reserve Product other than an unconditional irrevocable letter of credit issued to the Trustee by a bank rated at least “AA” by S&P at the time of deposit may be deposited in the Series 2010 Subaccount of the Reserve Fund to meet the Reserve Requirement for the Series 2010 Bonds.

  • The right of the Reserve Product Provider to payment or reimbursement of its fees and expenses shall be subordinated to cash replenishment of the Reserve Fund, and, subject to the second succeeding sentence, its right to reimbursement for claims or draws shall be on a parity with the cash replenishment of the Reserve Fund.

  • CAISO acknowledges that resources with must offer requirements pursuant to Resource Adequacy rules are already being compensated to offer their capacity into the CAISO markets; therefore, these resources would be required to bid zero for theDR flexible Reserve Product.


More Definitions of Reserve Product

Reserve Product means an insurance policy, a surety bond or a letter of credit or other credit facility issued by a Reserve Product Provider used in lieu of a cash deposit in an account in the Debt Service Reserve Account and meeting the terms and conditions of Section 902(a)(4) hereof.
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Reserve Product means a bond insurance, a surety bond or a letter of credit used in lieu of a cash deposit in the Reserve Account and meeting the terms and conditions of Section 4.04 of this Resolution.
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Reserve Product means a Reserve Account Insurance Policy or Reserve Account Letter of Credit.
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Reserve Product means a surety bond or insurance policy issued by an insurance company or an irrevocable letter of credit issued by a bank deposited in the 1961 Tax Reserve Fund.
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Reserve Product means bond insurance, a surety bond or a letter of credit or other 724 credit facility used in lieu of a cash deposit in the Composite Reserve Account or any other 725 account in the Debt Service Reserve Fund meeting the terms and conditions of Section 9.02(1)(c) 726 of this Ordinance.
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Reserve Product means 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 and meeting the terms and conditions of Section 5.06 of this Indenture.
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Reserve Product means a policy of bond insurance, a surety bond or a letter of
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