Working Capital Reserve Account definition

Working Capital Reserve Account means a segregated trust or custodial account established and maintained at a branch of the Paying Agent (as the “Working Capital Reserve Account” defined therein) for purposes of holding and disbursing the Working Capital Reserve in accordance with, and for the purposes set forth in, the Custodial and Paying Agency Agreement and this Agreement.
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Working Capital Reserve Account has the meaning set forth in Section 2.13(d) hereof.
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Working Capital Reserve Account. An account of the Partnership at the same financial institution as the Custodial Account administered by the Custodian.
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Examples of Working Capital Reserve Account in a sentence

  • On any Business Day after the occurrence and during the continuance of an Event of Default, Lender or its servicer may in its sole discretion deposit into the Operating Expense Account, the Working Capital Reserve Account or the Debt Service Reserve Account any funds then on deposit in the Local Collection Account or the Collection Account.

  • No Servicer or Subservicer shall be paid any fees or indemnified out of any Loan Proceeds (or funds in the Collection Account, the Working Capital Reserve Account or any other Company account), it being understood that all fees and related costs of liabilities of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).

  • The Working Capital Reserve Account (and all funds therein) shall be subject to the security interest granted under the Reimbursement, Security and Guaranty Agreement and to the Account Control Agreement under the Custodial and Paying Agency Agreement.

  • The Manager shall not permit withdrawals from the Working Capital Reserve Account for any other purpose; provided, that, to the extent expressly permitted in the Custodial and Paying Agency Agreement, the Manager may cause the release of funds from the Working Capital Reserve Account (including for purposes of distributions to the Members) in accordance with, and subject to, the terms of the Custodial and Paying Agency Agreement.

  • Such reserve shall be maintained in a separate and segregated account to be known as the Working Capital Reserve Account and the funds so set aside shall not be deemed common profits available for distribution, but, rather, shall be considered as the property of the Trust.


More Definitions of Working Capital Reserve Account

Working Capital Reserve Account means the account with Bank into which all funds disbursed as Working Capital by Lender pursuant to this Agreement shall be placed.
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Working Capital Reserve Account has the meaning given in the Custodial and Paying Agency Agreement.
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Working Capital Reserve Account has the meaning provided in Section 5.3(n)(i)(B).
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Working Capital Reserve Account has the meaning given in Section 1.1 of the Depositary Agreement.
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Working Capital Reserve Account shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable account as shall be established under this Agreement in accordance with Section 7.1 hereof.
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Working Capital Reserve Account has the meaning set forth in Section 3.01(a)(vi) of the Accounts Agreement.
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Working Capital Reserve Account means the special account designated by that name established by the Depositary Agent pursuant to Section 2.5 and all sub-accounts therein.
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