Rollover Reserve Cap definition

Rollover Reserve Cap shall have the meaning set forth in Section 7.4.1 hereof.
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Rollover Reserve Cap means, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Ninety-Eight Cents ($0.98), provided that in the event that the Debt Service Coverage Ratio based on the trailing twelve (12) month period immediately preceding such date of determination is equal to or greater than 1.71 to 1.00, the Rollover Reserve Cap shall mean, as of the date of determination, an amount equal to the Aggregate Square Footage multiplied by Forty-Nine Cents ($0.49). The Rollover Reserve Cap as of the Closing Date is Nine Million Five Hundred Fifty-Eight Thousand Seven Hundred Twelve and No/100 Dollars ($9,558,712.00).
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Rollover Reserve Cap shall have the meaning set forth in the Closing Date Mortgage Loan Agreement.
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Examples of Rollover Reserve Cap in a sentence

  • Notwithstanding the foregoing, in the event the Rollover Reserve Cap Conditions are not satisfied solely because of a vacancy at just one Property, Borrower shall be obligated to pay a Rollover Reserve Monthly Deposit equal to the amount shown for the applicable Property on Schedule IV attached hereto in lieu of the aggregate amount shown for all Properties.

  • Following the release of a Release Property in accordance with Section 2.6.1, Lender shall adjust the Replacement Reserve Cap, the Rollover Reserve Cap and (if applicable) the other amounts thereafter required to be deposited by Borrower into the Reserve Accounts to reflect amounts required solely for the remaining Individual Properties after giving effect to such release.

  • If at any time thereafter the amount of the Rollover Reserve funds on deposit in the Rollover Reserve Account is less than the Rollover Reserve Cap, then Borrower shall recommence and continue making Rollover Reserve Monthly Deposits to the Rollover Reserve Funds, until the amount of Rollover Reserve Funds on deposit in the Rollover Reserve Account equal or exceed the Rollover Reserve Cap.

  • For the avoidance of doubt, any amounts deposited under this Section 6.7.1 shall not be credited towards and shall be in addition to the Rollover Reserve Cap.

  • Following the release of a Release Property in accordance with Section 2.6.1, if the related Senior Mezzanine Reserve Accounts have been established, Lender shall adjust the Replacement Reserve Cap, the Rollover Reserve Cap and (if applicable) the other amounts thereafter required to be deposited by Borrower into the Senior Mezzanine Reserve Accounts to reflect amounts required solely for the remaining Individual Properties after giving effect to such release.

  • CSU has not done this to any great extent, although this may be a more applicable approach for full offshore campuses.

  • Once the T-Mobile Rollover Reserve Cap has been met, and the entire T-Mobile Property has been re-let pursuant to an approved Lease or Leases, the funds in the T-Mobile Rollover Reserve Subaccount will be available for Approved Leasing Expenses for the T-Mobile Property with respect to the T-Mobile Property.

  • Notwithstanding the foregoing, if a Permitted Paydown Event has occurred on or before October 1, 2011, the Rollover Reserve Cap shall be reduced to $136,000.00.

  • Notwithstanding the preceding sentence, the amount of Rollover Reserve Funds on deposit in the Rollover Reserve Account at any given time shall not exceed $543,600.00 in the aggregate (the “Rollover Reserve Cap”) and, accordingly, to the extent a Rollover Reserve Monthly Deposit would result in the aggregate amount of Rollover Reserve Funds in the Rollover Reserve Account to exceed the Rollover Reserve Cap, such Rollover Reserve Monthly Deposit shall be decreased by an amount equal to such excess.

  • When the Rollover Reserve Funds on deposit in the Rollover Reserve Account equals or exceeds the Rollover Reserve Cap, Borrower may cease making Rollover Reserve Monthly Deposits to the Rollover Reserve Fund.


More Definitions of Rollover Reserve Cap

Rollover Reserve Cap means an amount equal to Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00).
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Rollover Reserve Cap shall have the meaning set forth in Section 7.4.1 hereof. “Rollover Reserve Deposit” shall have the meaning set forth in Section 7.4.1 hereof. “Rollover Reserve Fund” shall have the meaning set forth in Section 7.4.1 hereof. “S&P” shall mean Standard & Poor’s Ratings Services, Inc. “Sale or Pledge” shall mean a voluntary or involuntary sale, conveyance, transfer or pledge of a direct or indirect legal or beneficial interest. “Sanctions” shall have the meaning set forth in Section 4.1.45 hereof. “Sanctions Authority” shall have the meaning set forth in Section 4.1.45 hereof. “Sanctioned Jurisdiction” shall have the meaning set forth in Section 4.1.45 hereof. “Sanctioned Person” shall have the meaning set forth in Section 4.1.45 hereof. “Scheduled Defeasance Payments” shall have the meaning set forth in Section 2.4.1(b) hereof. “Second Level SPE” shall have the meaning set forth in Section 9.5(b) hereof. “Secondary Market Transaction” shall have the meaning set forth in Section 9.1(a) hereof.
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Related to Rollover Reserve Cap

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 4.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2004-BC3". Funds in the Carryover Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created under this Agreement.

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

  • 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 [*];

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

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • 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:

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • 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.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE5, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE5." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • 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.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

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

  • Replacement Reserve As defined in Section 9.5.1.

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

  • 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.

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

  • C/D Reserve Percentage for any day as applied to any ABR Loan, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board, for determining the maximum reserve requirement for a Depositary Institution (as defined in Regulation D of the Board) in respect of new non-personal time deposits in Dollars having a maturity of 30 days or more.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • SOFR Reserve Percentage means, for any day, the maximum effective percentage in effect on such day, if any, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including, without limitation, supplemental, marginal and emergency reserve requirements) with respect to SOFR funding.

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $2,128,635.19 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0; provided, however, that the Reserve Fund Required Amount may not exceed the Note Balance.