Examples of Supplemental Reserve Account in a sentence
The taxpayer identification number associated with the Collection Account, the Liquidity Reserve Account and the Supplemental Reserve Account shall be that of the Borrower, and the Borrower shall report for federal, state and local income tax purposes the income, if any, earned on funds in such accounts.
Prior to an Event of Default, the Servicer (and after an Event of Default, the Agent) may direct each banking institution at which the Collection Account, the Liquidity Reserve Account or the Supplemental Reserve Account shall be established, in writing, to invest the funds held in such accounts in one or more Permitted Investments.
Notwithstanding the foregoing, the Borrower neither has nor shall have any control over the Lockbox Account, the Collection Account, the Liquidity Reserve Account, the Takeout Transaction Account, the Supplemental Reserve Account or any Service Provider’s Account.