RISK RESERVE ACCOUNT definition

RISK RESERVE ACCOUNT means the account contemplated in regulation 10(3); “Rules” for purposes of the Pension Funds Act and these Regulations, means –
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RISK RESERVE ACCOUNT means the RISK RESERVE ACCOUNT
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RISK RESERVE ACCOUNT means the account established in terms of Rule 13.4;
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Examples of RISK RESERVE ACCOUNT in a sentence

  • Custodian may, in accordance with its commercial lending practices, enter into a credit facility with Principal for use with the operation of the Account.

  • On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Paying Agent shall withdraw such amounts from the Basis Risk Reserve Account and deposit such amounts in the Collection Account, and from the Collection Account shall apply the Net Swap Receipt as Interest Funds and shall make payments specified in the order and priority described in Section 6.02 above.

  • On any Payment Date for which there are funds on deposit in the Basis Risk Reserve Account, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) shall withdraw such amounts from the Basis Risk Reserve Account and deposit such amounts in the Collection Account, and from the Collection Account shall apply the Group 1 Percentage of such Net Swap Receipt as Interest Funds for Group 1 and shall make payments specified in the order and priority described in Section 6.02 above.

  • On each Distribution Date as to which there is a Basis Risk Shortfall Amount payable to the Offered Certificates, the Securities Administrator has been directed by the Class C Certificateholders to, and therefore will, deposit into the Basis Risk Reserve Account the amounts described in Section 5.01(a)(III)(xv), rather than distributing such amounts to the Class C Certificateholders.

  • Any Net Swap Receipts shall be deposited by the Swap Counterparty into the Basis Risk Reserve Account in accordance with the terms of the Swap Agreements.

  • The Basis Risk Reserve Account will be part of the Trust but not part of any REMIC and any payments to the Holders of the Offered Certificates of Basis Risk Shortfall Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).

  • Upon the termination of the Trust, or the payment in full of the Offered Certificates, all amounts remaining on deposit in the Basis Risk Reserve Account will be released by the Trust and distributed to the Holders of the Class C Certificates or their designees.

  • All amounts deposited into the Basis Risk Reserve Account shall be treated as amounts distributed by REMIC 3 to the Holder of the Class C Certificates.

  • For federal tax return and information reporting, the right of the Holders of the Offered Certificates to receive payments from the Basis Risk Reserve Account in respect of any Basis Risk Shortfall Amount may have more than a de minimis value.

  • The Basis Risk Reserve Account will be an “outside reserve fund” within the meaning of Treasury regulation Section 1.860G-2(h).


More Definitions of RISK RESERVE ACCOUNT

RISK RESERVE ACCOUNT means the account contemplated in regulation 10(3);
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RISK RESERVE ACCOUNT means the account maintained in terms of Rule 4.4.3 (rule describing the operation of this account).
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RISK RESERVE ACCOUNT means the account as per RULE 12.5.1. "RULES" shall mean the GENERAL RULES and SPECIAL RULES.
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RISK RESERVE ACCOUNT is defined in Section 5.4(a).
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Related to RISK RESERVE ACCOUNT

  • 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 [*];

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

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

  • Interest Reserve Account As defined in Section 3.4(d).

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

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

  • 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.

  • 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.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • 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.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • 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 A( - ) 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.]

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

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

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).