Series Reserve Account definition

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.

Series Reserve Account. An account established for each Series which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.6, and in the name of the Indenture Trustee and identified by each relevant Series.

Series Reserve Account means the General Reserve Account with respect to the Series 2012-VF3 Notes and “Series Reserve Required Amount” shall mean the General Reserve Required Amount with respect to the Series 2012-VF3 Notes.

Examples of Series Reserve Account in a sentence

• Moneys held for the credit of a Series Reserve Account shall be used for the purpose of paying interest or principal or Amortization Installment or Maturity Amount on the Bonds of the related Series whenever amounts on deposit in the Series Debt Service Account shall be insufficient for such purpose.

• When they did attempt to go the next day they were slain (Numbers 14:40-45).

• Thereafter, on each Payment Date and Interim Payment Date, the Indenture Trustee shall withdraw Available Funds from the Note Payment Account and deposit them into each such Series Reserve Account pursuant to, and to the extent required by, Section 4.5(a) and the related Indenture Supplement.

• All Collections received in the Collection and Funding Account shall be deposited into the related Series Reserve Accounts until the amount on deposit in each Series Reserve Account equals the related Series Reserve Required Amount, as described in Section 4.5 and the related Indenture Supplement.

• The Board accepts the ICVA Program Report for AAVSB 2018 FINAL as information.

More Definitions of Series Reserve Account

Series Reserve Account means the account of that name established by an applicable Supplemental Indenture in the Debt Service Reserve Fund and securing one or more Series of Senior Bonds that are not Common Reserve Bonds.

Series Reserve Account means the account within the Reserve Fund with respect to a Series of Bonds so designated in, and created pursuant to, a Supplemental Indenture.

Series Reserve Account means each account designated as a “Series [ ] Reserve Account in an Indenture Supplement with respect to an Outstanding Series of Investor Notes.

Series Reserve Account means account number 098074-001 established and maintained with Wilmington Trust Company or such other account established and designated as the “Series Reserve Account” with respect to Series 2010-1 pursuant to Section 4.04 of the Agreement.

Series Reserve Account shall have the meaning assigned to it in Section 3.04.

Series Reserve Account means, in respect of a specified Series, the account in the name of the Issuer held with the Offshore Account Bank and specified in the Series Transaction Administration Agreement relating to such Series, and any replacement or successor account in relation thereto.

Series Reserve Account means the Reserve Account.