Revolving Reserve Accounts definition

Revolving Reserve Accounts means the 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 Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Obligations are paid and “Revolving Reserve Account” shall mean any one of them;
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Revolving Reserve Accounts means the segregated 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 Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Obligations are paid and on each of which shall be denominated in the currency of the Revolving Obligation or Delayed Drawdown Obligation to which it relates.
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Revolving Reserve Accounts means each of the Euro, Sterling and U.S. Dollar 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 Debt Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Collateral Debt Obligations, are paid.
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More Definitions of Revolving Reserve Accounts

Revolving Reserve Accounts means each of the Euro denominated, Sterling denominated, U.S. Dollar denominated, Danish Kroner denominated, Norwegian Kroner denominated, Swedish Kroner denominated, Australian Dollar 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 Obligations and certain principal payments received in respect of Revolving Obligations and Delayed Drawdown Obligations, are paid.
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Revolving Reserve Accounts means the Revolving Reserve Euro Account and such other interest bearing accounts described as such held from time to time in the name of the Issuer with the Account Bank and denominated in the currency of a Revolving Obligation and/or Delayed Drawdown Obligation (each an Account Currency) 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 the Revolving Obligations and Delayed Drawdown Obligations in the relevant Account Currency, are paid in accordance with Condition 3(i)(xii) (Revolving Reserve Account) and each such account a Revolving Reserve Account.
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Related to Revolving Reserve Accounts

  • 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 [*];

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • 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.]

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]