Examples of Reserve Account in a sentence

The Trustee shall, at the expense of ABRCF, take such action as is required to maintain the Trustee’s security interest in the Permitted Investments credited to the Series 2024-3 Reserve Account.
Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Series 2024-3 Noteholders and payable from the Series 2024-3 Reserve Account as provided herein, shall withdraw from the Series 2024-3 Reserve Account all amounts on deposit therein for payment to ABRCF.
Initially, the Series 2024-3 Reserve Account will be established with The Bank of New York Mellon Trust Company, N.A.
All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2024-3 Reserve Account shall be deemed to be on deposit therein and available for distribution.
The Trustee shall withdraw such amount from the Series 2024-3 Reserve Account and deposit such amount in the Series 2024-3 Distribution Account.

More Definitions of Reserve Account

Reserve Account. Any of the accounts established and maintained pursuant to Section 3.03(d).

Reserve Account means the account designated as such, established and maintained pursuant to Section 8.2(a)(iii) of the Indenture.

Reserve Account with account number 275176001;

Reserve Account means the account established and maintained as such pursuant to Section 4.7(a) of the Sale and Servicing Agreement.

Reserve Account is defined in Section 4.10(a).

Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(g) of the Administration Agreement.

Reserve Account means the account designated as such, established and maintained pursuant to Section 8.2(a) of the Indenture.