Reserve Fund definition

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

Reserve Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

Reserve Fund means the separate trust account created and maintained by the Trustee pursuant to Section 3.20 hereof.

Examples of Reserve Fund in a sentence

• Any amount representing the General Reserve Fund Required Amount on the Closing Date will be paid into the Transaction Account (with a corresponding credit recorded to the General Reserve Fund Ledger).

• PML as Administrator (on behalf of the Issuer) will fund the General Reserve Fund from part of the proceeds of the Noteholders' subscription for the Class S Notes in an amount equal to the General Reserve Fund Required Amount as at the Closing Date.

• Specifically, moneys in the City Bond Finance Fund may be used to pay principal of and interest on any series of STAR Bonds or replenish the Debt Service Reserve Fund to the Debt Service Reserve Requirement.

• In addition to the $150 million one-time General Fund provided for the Distressed Hospital Loan Program by AB 112 (Chapter 6, Statutes of 2023) budget authorizes the transfer of up to $150 million from the Medi-Cal Provider Payment Reserve Fund (to be supported by MCO provider tax revenue), to the Program in 2023-24.

• The Reserve Fund, funded at the Reserve Account Requirement, is reasonably required for the purposes for which the Reserve Fund has been established, is a vital factor in marketing the Bonds, and facilitates the marketing of the Bonds at interest rates comparable to those of other bonds of a similar type.

More Definitions of Reserve Fund

Reserve Fund means each account established for Imposition Reserve Deposits, the Replacement Reserve Fund, the Repair Reserve Fund (if any), the Rate Cap Agreement Reserve Fund (if any), the Rental Achievement Reserve Fund (if any), and any other account established pursuant to Article IV of this Loan Agreement.

Reserve Fund means the Reserve Fund established and maintained pursuant to Section 7.06 hereof.

Reserve Fund. A fund created pursuant to Section 3.24 which shall be an asset of the Trust Fund but which shall not be an asset of any Trust REMIC.

Reserve Fund. The reserve fund established pursuant to Section 3.26.

Reserve Fund means a fund established by a local entity under Section 11-42-702.

Reserve Fund has the meaning set forth in the Trust Agreement.

Reserve Fund. The separate trust account created and maintained by the Securities Administrator pursuant to Section 4.06 hereof.