Revolving Reserve Account definition

Revolving Reserve Account means the account established pursuant to Section 8.04.

Revolving Reserve Account has the meaning assigned to such term in Section 8.04.

Revolving Reserve Account means each of the interest bearing accounts of the Issuer denominated in the applicable currency and maintained with the Account Bank into which amounts equal to the Unfunded Amounts in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations, are paid.

Examples of Revolving Reserve Account in a sentence

• The only permitted deposits to or withdrawals from the Revolving Reserve Account shall be in accordance with the provisions of this Agreement.

• The Borrower shall not have any legal, equitable or beneficial interest in the Revolving Reserve Account other than in accordance with this Agreement and the Priority of Payments.

• During the Reinvestment Period, fundings of Delayed Drawdown Collateral Loans and Revolving Collateral Loans shall be made using, first, amounts on deposit in the Revolving Reserve Account, then available Principal Proceeds on deposit in the Collection Account and finally, available Advances.

• Amounts on deposit in the Revolving Reserve Account will be invested in overnight funds that are Eligible Investments selected by the Servicer pursuant to Section 8.06 and earnings from all such investments will be deposited in the Interest Collection Subaccount as Interest Proceeds.

• Members agreed that this item be deferred until the next Cabinet meeting on the 5 March 2018 due to wider implications which had arisen and further options to be explored.

More Definitions of Revolving Reserve Account

Revolving Reserve Account means each of the Euro denominated, Sterling denominated, U.S. Dollar denominated, Danish Krone denominated, Norwegian Krone denominated, Swedish Krone denominated, Canadian Dollar denominated and Swiss Franc denominated (as applicable) interest bearing accounts of the Issuer with the Account Bank into which amounts equal to the Unfunded Amounts in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations, are paid.

Revolving Reserve Account means the account established pursuant to Section 8.04. “Revolving Reserve Required Amount” has the meaning assigned to such term in Section 8.04.

Revolving Reserve Account means the bank account of the Issuer with the Account Bank into which amounts equal to the Unfunded Amounts in respect of Revolving Collateral Debt Securities and certain principal payments received in respect of Revolving Collateral Debt Securities, are paid.

Revolving Reserve Account means the interest bearing account of the Issuer with the Account Bank into which amounts equal to the Unfunded Amounts in respect of certain Revolving Debt Investments and certain Delayed Drawdown Debt Investments identified by the Investment Manager in its sole discretion in accordance with Condition 4.9(e) (Revolving Reserve Account) and certain principal payments received in respect of such Revolving Debt Investments and Delayed Drawdown Debt Investments, are paid.

Revolving Reserve Account means the interest bearing account in the name of the Issuer with the Account Bank into which amounts equal to the Unfunded Amounts in respect of Revolving Obligations and Delayed Drawdown Obligations and certain principal payments received in respect of Revolving Obligations, are paid.

Revolving Reserve Account means the interest bearing account of the Issuer with the Account Bank into which amounts at least equal to the Unfunded Amounts in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations (if the minimum drawing period in respect of such Revolving Obligations and Delayed Drawdown Collateral Obligations is less than the Class A-1R Notes Draw Period) and certain principal payments received in respect of Revolving Obligations, are required to be paid, which shall be constituted by separate accounts in respect of each individual currency received.

Revolving Reserve Account means the interest-bearing account of the Issuer with the Account Bank (or any further or other account so named, or any linked account thereof or redesignated account, in each case with the Account Bank) into which amounts equal to the Unfunded Amounts in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Collateral Obligations, are paid in accordance with Condition 3(i)(xii) (Revolving Reserve Account).