Supplemental Reserve Fund definition

Supplemental Reserve Fund means the fund by that name established by the provisions of Section 4.01 hereof to be administered by the Lender in the manner and for the purposes set forth in Section 4.05 hereof.
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Supplemental Reserve Fund means the fund of that name created pursuant to Section 5.01 hereof
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Supplemental Reserve Fund means that certain fund created
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Examples of Supplemental Reserve Fund in a sentence

  • On the date of redemption of all of the Class B Notes, the Indenture Trustee shall transfer all amounts in the Class B Supplemental Reserve Fund to the Note Payment Fund for the redemption of the Class B Notes.

  • On any Distribution Date that the amount in the Class B Supplemental Reserve Fund exceeds the Class B Supplemental Reserve Fund Requirement with respect thereto, the Indenture Trustee, at the direction of the Issuer, shall transfer the excess to the Collection Fund.

  • The Series 2011 Bonds were issued for the purpose of providing funds sufficient, together with other available funds of the Authority, to finance the development and construction of the RCC and related improvements at Logan Airport, fund certain deposits to the Debt Service Reserve Fund and the Supplemental Reserve Fund, and pay certain costs of issuance of the Series 2011 Bonds.

  • Upon an Event of Default and liquidation of the Trust Estate, amount on deposit in the Class B Supplemental Reserve Fund shall be disbursed pursuant to Section 6.02 hereof.

  • Moneys shall be transferred to the Loan Payment Fund first, from the Supplemental Reserve Fund, prior to any transfers thereto from the Reserve Fund.

  • If on any Distribution Date there are not sufficient moneys on deposit in the Collection Fund to make the transfers required by Section 5.05(c)(v) or (vi) hereof, then, an amount equal to any such deficiency shall be transferred directly from the Class B Supplemental Reserve Fund to the Collection Fund to make the transfers required by Section 5.05(c)(v) or (vi) hereof to the extent such deficiency has not been paid from the Capitalized Interest Fund, the Note Payment Fund or the Reserve Fund.

  • On the first Distribution Date on which the Total Parity Ratio is equal to or greater than 100.5%, or such other percentage that satisfies the Rating Agency Condition, the Indenture Trustee shall transfer an amount equal to the Class B Supplemental Reserve Fund Requirement to the Class B Supplemental Reserve Fund pursuant to Section 5.05(c)(xvii) hereof.

  • If on any Distribution Date there are sufficient moneys on deposit in the Collection Fund to make the transfers required by Section 5.05(c)(v) hereof, but the Issuer is prohibited from making such transfers due to the occurrence or continuation of the Subordinate Interest Trigger on such Distribution Date, then, an amount equal to any such deficiency shall be transferred directly from the Class B Supplemental Reserve Fund to the Collection Fund to make the transfers required by Section 5.05(c)(v) hereof.

  • Restricted Investments Investments set aside in the Reserve Fund, Supplemental Reserve Fund, Major Maintenance Reserve Fund, and Operating Reserve Fund are pursuant to terms of the 2003 Indenture for the $195,265,000 Toll Road Revenue Refunding Bonds and their use is limited by applicable debt covenants.

  • The remainder is transferred to an Operating Reserve Account.) The Supplemental Reserve Fund may be used for capital expenses and for debt service payments in the event that insufficient funds are deposited to the Debt Service Payment Fund.


More Definitions of Supplemental Reserve Fund

Supplemental Reserve Fund means the Fund established pursuant to Section 6.01 and described in Section 6.06.
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Supplemental Reserve Fund means the special fund designated as the “City and County of Broomfield, Colorado, Water Activity Enterprise Water Revenue Bonds, Series 2021, Supplemental Reserve Fund” created pursuant to Section 507 hereof, if such an account is required as specified in the Sale Certificate. Any Supplemental Reserve Fund shall secure only the principal and interest on the Bonds.
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Supplemental Reserve Fund means the fund created and so designated by Section 4.13.
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Supplemental Reserve Fund means that certain fund created to provide
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Supplemental Reserve Fund means the Supplemental Reserve Fund, if any, established in the Indenture.
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Related to Supplemental Reserve Fund

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

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

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

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 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 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

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

  • Initial Reserve Account Deposit means $3,250,000.

  • 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 [*];

  • 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.

  • Required Reserve Fund Deposit 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 Aggregate 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 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 Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

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

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Carryover Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.05(g) in the name of the Trustee for the benefit of the Holders of the Offered Certificates and designated "The Bank of New York in trust for registered holders of CWALT, Inc., Alternative Loan Trust 2006-OC10, Mortgage Pass-Through Certificates, Series 2006-OC10." Funds in the Carryover Reserve Fund shall be held in trust for the Holders of the Offered Certificates for the uses and purposes set forth in this Agreement.

  • 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-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." 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.

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

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • 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.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

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

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

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

  • 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.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • 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.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • 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.

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