Trust Reserves definition

Trust Reserves means, at the time of any determination thereof, in connection with the Trust Accounts, the aggregate of all amounts required by Applicable Law to be set aside in reserve, trust, escrow or any similar arrangement, and in respect to any jurisdiction in which the Applicable Laws do not require the trusting of any such funds, then 100% of the funds received pursuant to each Trust Account.
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Trust Reserves means, at the time of any determination thereof, in connection with the Trust Accounts, the aggregate of all amounts required by applicable Legal Requirements to be set aside in reserve, trust, escrow or any similar arrangement, and in respect to any jurisdiction in which the applicable Legal Requirements do not require the trusting of any such funds, then 100% of the funds received pursuant to each Trust Account.
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Trust Reserves means the General Account Reserves less the Separate Account Receivables, the Policy Loan Receivables, the Premiums Receivable, the Reinsurance Recoverables and the Agents Debit Balances.
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Examples of Trust Reserves in a sentence

  • The Borrower shall set aside, and shall cause its Subsidiaries to set aside, where appropriate, in the appropriate Trust Accounts, all applicable Trust Reserves at the time such funds are received by the Borrower or any of its Subsidiaries, and the Borrower shall, and shall cause its Subsidiaries to, establish and maintain all of the funding obligations of each of the Trust Accounts in accordance with Applicable Law and the provisions set forth herein and in the other Loan Documents.

  • The Borrower shall set aside, and shall cause its Subsidiaries to set aside, where appropriate, in the appropriate Trust Accounts, all applicable Trust Reserves at the time such funds are received by the Borrower or any of its Subsidiaries, and Borrower shall, and shall cause its Subsidiaries to, establish and maintain all of the funding obligations of each of the Trust Accounts in accordance with applicable Legal Requirements and the provisions set forth herein and in the other Credit Documents.

  • The Liquidation Trustee may in accordance with the Plan and this Liquidation Trust Agreement, take any action necessary to control and exercise authority over the Liquidation Trust Assets and, as the Distribution Agent, the Non- Trust Reserves, over the acquisition, management, and disposition thereof, and over the management and conduct of the business of the Liquidation Trust.

  • West Lothian currently has two Special Areas of Conservation sites at Blawhorn ▇▇▇▇ near Blackridge and Craigengar in the Pentland Hills; one Special Protection Area covering the Firth of Forth, 16 Sites of Special Scientific Interest, six Scottish Wildlife Trust Reserves and 28 Local Wildlife Sites.

  • In addition, Hartford Annuity shall deposit an aggregate amount equal to 100% of the Trust Reserves for FIC into a trust account for the benefit of FIC, and such trust account shall thereafter be maintained in accordance with the applicable Trust Agreement.

  • In addition, Hartford Annuity shall deposit an aggregate amount equal to 100% of the Trust Reserves for FBIC into a trust account for the benefit of FBIC, and such trust account shall thereafter be maintained in accordance with the applicable Trust Agreement.

  • Prior to making any Distributions, the Plan Trustee shall determine the total amount of Available Cash, taking into account any Trust Reserves created pursuant to this Article 8.

  • Such report shall set forth the amount of any reimbursements and payments due between the parties pursuant to this Agreement and the Reinsurance Agreement, the amount of the Trust Reserves for the Reinsured Contracts as of the end of such quarter, and any other matters as may be reasonably requested by the Company.

  • Such records shall include, but not be limited to, Contractholder records, in-force listings, Premium records, claim forms, itemized billings, Trust Reserves calculations and eligibility documentation.


More Definitions of Trust Reserves

Trust Reserves has the meaning assigned to such term in SECTION 4.4(b).
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Trust Reserves has the meaning set forth in the Reinsurance Agreement.
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Trust Reserves means (i) with respect to each of FBIC and FFLIC, the General Account Reserves less the Separate Account Receivables, the Policy Loan Receivables, the Premiums Receivable, the Reinsurance Recoverables and the Agents Debit Balances; (ii) with respect to each of FIC and HNL, the General Account Reserves less the Policy Loan Receivables, the Premiums Receivable, the Reinsurance Recoverables and the Agents Debit Balances; and (iii) with respect to JALIC, the Adjusted Statutory Liabilities excluding IMR less the Policy Loan Receivables, the Premiums Receivable, and the Reinsurance Recoverables.
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Related to Trust Reserves

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.27(a) 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 FFMLT Trust 2005-FF2, Mortgage Pass-Through Certificates, Series 2005-FF2." 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.

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

  • Interest Reserve Amount With respect to each Mortgage Loan that is an Interest Reserve Loan (or the related successor REO Mortgage Loan), for any Distribution Date that occurs during February of any year or during January of any year that is not a leap year, an amount equal to one day’s interest accrued at the related Net Mortgage Rate on the related Stated Principal Balance as of the end of the Collection Period related to such Distribution Date, but prior to giving effect to the application of any amounts due on the Due Date occurring in such Collection Period, to the extent that a Monthly Payment is Received by the Trust with respect to such Interest Reserve Loan for the related Due Date in the same month as such Distribution Date on or before the related Master Servicer Remittance Date or a P&I Advance is made under this Agreement with respect to such Interest Reserve Loan by such Distribution Date. For purposes of calculating Interest Reserve Amounts, the Net Mortgage Rate for each Interest Reserve Loan shall be the Net Mortgage Rate in effect (including as a result of any step-up provision) under the original terms of such Interest Reserve Loan in effect as of the Closing Date, without regard to any modifications, extensions, waivers or amendments of such Interest Reserve Loan subsequent to the Closing Date (whether entered into by the applicable Master Servicer, the applicable Special Servicer, the Non-Trust Master Servicer or the Non-Trust Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower).