Supplemental Reserve Account definition

Supplemental Reserve Account shall have the meaning set forth in Section 8.2(A)(ii).

Supplemental Reserve Account. The trust account established pursuant to Section 10.3(e).

Supplemental Reserve Account has the meaning set forth in the CADA.

Examples of Supplemental Reserve Account in a sentence

• Amounts in the Supplemental Reserve Account will be invested in Eligible Investments that will mature on or before the Business Day prior to the next Payment Date at the direction of the Collateral Manager pursuant to Section 10.6 (Reinvestment of Funds in Accounts; Reports by Collateral Trustee).

• In accordance with this Indenture and the Securities Account Control Agreement, prior to the 2024 Closing Date, the Collateral Trustee established at the Custodian a single, segregated non-interest bearing trust account held in the name of the Collateral Trustee, in trust for the benefit of the Secured Parties, designated as the "Supplemental Reserve Account", which shall be maintained with the Custodian in accordance with the Securities Account Control Agreement.

• Amounts on deposit in the Supplemental Reserve Account may be transferred to the Collection Account at the written direction of the Collateral Manager to the Collateral Trustee for a Permitted Use designated by the Collateral Manager in such written direction.

• By the Determination Date relating to the second Payment Date, all funds in the Expense Reserve Account (after deducting any expenses paid on such Determination Date) will be deposited in the Collection Account or the Supplemental Reserve Account as Interest Proceeds and/or Principal Proceeds (in the respective amounts directed by the Collateral Manager in its sole discretion) and the Expense Reserve Account will be closed.

• Any income earned on amounts deposited in the Supplemental Reserve Account will be deposited in the Supplemental Reserve Account as it is received or, at the discretion of the Collateral Manager, the Interest Collection Subaccount as Interest Proceeds.

More Definitions of Supplemental Reserve Account

Supplemental Reserve Account is defined in the Depositary Agreement.

Supplemental Reserve Account has the meaning set forth in Section 5.01(a) of the Indenture.

Supplemental Reserve Account means the account established and maintained as such pursuant to Section 4.7(b).

Supplemental Reserve Account. The payment account of the Collateral Trustee established pursuant to Section 10.3(f) (Transaction Accounts).

Supplemental Reserve Account means the account established pursuant to Section 10.1(b) and described in Section 10.3(h).

Supplemental Reserve Account means the segregated trust account with that name established and maintained with the Indenture Trustee and in the name of the Indenture Trustee on behalf of the Noteholders and maintained pursuant to Section 5.01 of the Indenture.

Supplemental Reserve Account. The account established pursuant to Section 10.3(e).