Examples of Unfunded Reserve Account in a sentence
The only permitted deposits to or withdrawals from an Unfunded Reserve Account shall be in accordance with the provisions of this Agreement.
During the Amortization Period, Principal Proceeds received by the Borrower (or the Collateral Manager on its behalf) in respect of Revolving Collateral Assets (to the extent not accompanied by a permanent reduction in the related commitments) shall be deposited by the Borrower (or the Collateral Manager on its behalf) into the applicable Unfunded Reserve Account to the extent the amount on deposit in the applicable Unfunded Reserve Accounts is less than the Unfunded Reserve Required Amount.
For all non-Dollar currencies, the Collateral Agent shall from time to time deposit into the applicable Principal Collection Account promptly upon receipt thereof all Principal Proceeds (unless simultaneously reinvested in additional Collateral Assets in accordance with Article X or required to be deposited in the applicable Unfunded Reserve Account pursuant to Section 8.05) received by the Collateral Agent and identified as such by the Collateral Manager.