Reserve Withdrawal definition

Reserve Withdrawal. With respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Fund and (b) the amount of Non-Supported Interest Shortfalls allocated to the Class A-3 Certificates.
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Reserve Withdrawal means a withdrawal of moneys from the Reserve Fund, by or on behalf of a Governmental Agency, to pay the principal of and interest on the Obligations and any other payments due under an Assistance Agreement on behalf of the Governmental Agency.
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Reserve Withdrawal. As defined in Section 4.09.
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Examples of Reserve Withdrawal in a sentence

  • The Trustee will deliver to MBIA promptly after each Distribution Date a statement setting forth the Insured Reserve Withdrawal for such Distribution Date and the aggregate amount of Insured Reserve Withdrawals as of such Distribution Date.

  • With respect to each Distribution Date, the Reserve Withdrawal shall be withdrawn by the Trust Administrator from the amount on deposit in the Reserve Fund in accordance with this Section 4.06 and distributed on such Distribution Date to the Holders of the Class A-3 Certificates, pro rata, based on Percentage Interest.

  • Capital Reserve Withdrawal - Excess CostIncluded in budget line 600, Budgeted Withdrawal from Capital Reserve – Excess Costs & Other Capital Projects, is $813,401 that is for other capital projects including - the replacement of hvac and STEM room renovations at the Lacey Township High School.

  • The draft report shall be submitted to the government within 120 days of the end of the field season survey effort.

  • CARRIED It was moved and seconded:That Council adopt “Forest Reserve Withdrawal (Maple Bay Peninsula Road) Bylaw”, No. 3501.

  • The Servicer shall give the Indenture Trustee and the Deal Agent prior written notice of any such requested withdrawal in excess of $1,000,000, accompanied by supporting documentation showing compliance with the Maintenance Reserve Withdrawal Conditions.

  • Capital Reserve Withdrawal - Excess CostIncluded in budget line 620, Budgeted Withdrawal from Capital Reserve – Excess Costs & Other Capital Projects, is $980,000 that is for other capital projects - the replacement of boilers at the Lacey Township High School.

  • The final budget includes the use of Capital Reserve transferred to the General Fund for the proposed renovation of two student bathrooms which allow for upgrades to the facility to service the needs of the students, in the estimated amount of $200,000 as noted in the Statement of Purpose for Capital Reserve Withdrawal.

  • Approve Maintenance Reserve Withdrawal – Approve the following resolution:Approve the withdrawal of $561,500 from the maintenance reserve account to be included in the 2023-2024 school district budget to fund district maintenance for the 2023-2024 school year.

  • With respect to each Distribution Date, the Reserve Withdrawal shall be withdrawn by the Trust Administrator from the amount on deposit in the Reserve Fund in accordance with this Section 4.06 and distributed on such Distribution Date to the Holders of the Class A-12 Certificates, pro rata, based on Percentage Interest.


More Definitions of Reserve Withdrawal

Reserve Withdrawal. With respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Fund and (b) the amount of Non-Supported Interest Shortfalls allocated to the Class A-11 Certificates.
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Related to Reserve Withdrawal

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Market Withdrawal means a Person’s Removal or Correction of a distributed product which involves a minor violation that would not be subject to legal action by the FDA or which involves no violation, e.g., normal stock rotation practices, routine equipment adjustments and repairs, etc.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Withdrawal means any measure aimed at preventing a product in the supply chain from being made available on the market;

  • Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Single Withdrawal Tranche means the amount of the Loan allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Excess Withdrawal is a withdrawal of Account Value that exceeds the Free Withdrawal Amount. This term may not apply to your Contract.

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Notice of Withdrawal means a notice containing the information set out in Schedule VII;

  • Market Participant Energy Withdrawal means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Demand Bids, Decrement Bids, real-time load (net of Behind The Meter Generation expected to be operating, but not to be less than zero), internal bilateral transactions and Export Transactions, as further described in the PJM Manuals.

  • Transmission Withdrawal Rights means Firm Transmission Withdrawal Rights and Non- Firm Transmission Withdrawal Rights.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • Power of withdrawal means a presently exercisable general power of appointment other than a power:

  • Nonqualified withdrawal means a withdrawal from an account that is not:

  • Withdrawal Period has the meaning specified in Section 10.23(b).

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Firm Transmission Withdrawal Rights means the rights to schedule energy and capacity withdrawals from a Point of Interconnection of a Merchant Transmission Facility with the Transmission System. Firm Transmission Withdrawal Rights may be awarded only to a Merchant D.C. Transmission Facility that connects the Transmission System with another control area. Withdrawals scheduled using Firm Transmission Withdrawal Rights have rights similar to those under Firm Point-to-Point Transmission Service.

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $4,792,570.75 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • 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 [*];