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. 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-4 Certificates.
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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  • With respect to each Distribution Date, the Reserve Withdrawal shall be withdrawn by the Trust Administrator from the amount on deposit in the Reserve Fund in accordance with this Section 4.06 and distributed on such Distribution Date to the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.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee from the amount on deposit in the Reserve Fund in accordance with this Section 4.06 and distributed on such Distribution Date to the Holders of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-2 Certificates, pro rata, based on Percentage Interest.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee from the amount on deposit in the Reserve Fund in accordance with this Section 5.11 and distributed on such Distribution Date between the Holders of the Class 1-A-8 Certificates and MBIA, pro rata, based on the amount of Non-Supported Interest Shortfall allocated to the Class 1-A-8 Certificates and the Premium Payment.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee from the amount on deposit in the Reserve Fund in accordance with this Section 5.11 and distributed on such Distribution Date between the Holders of the Class 1-A-3 Certificates and MBIA, pro rata, based on the amount of Non-Supported Interest Shortfall allocated to the Class 1-A-3 Certificates and the Premium Payment.

  • 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.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee 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.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee 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-4 Certificates, pro rata, based on Percentage Interest.

  • With respect to each Distribution Date, the Reserve Withdrawal shall be withdrawn by the Trustee 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-2 Certificates, pro rata, based on Percentage Interest.

  • With respect to each Distribution Date, the applicable Reserve Withdrawal shall be withdrawn by the Trustee from the amount on deposit in the applicable Reserve Fund in accordance with this Section 4.06 and distributed on such Distribution Date to the Holders of the Class A-7 or Class A-18 Certificates as the case may be, pro rata, based on Percentage Interest.


More Definitions of Reserve Withdrawal

Reserve Withdrawal. As defined in Section 4.09.
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Related to Reserve Withdrawal

  • 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:

  • 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.

  • 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.

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