Energy Hedge Reserve Account Clause Samples

Energy Hedge Reserve Account. The Borrower and the Security Agent have established with the Securities Intermediary an account entitled the “Stetson Energy Hedge Reserve Account” (account number ▇▇▇▇▇▇▇) (the “Energy Hedge Reserve Account”). Funds on deposit in the Energy Hedge Reserve Account may be transferred (1) in support of Borrower’s credit support obligations pursuant to the Energy Hedge, upon appropriate certification from Borrower that additional collateral is required with respect thereto; (2) as an Optional Prepayment in connection with an AIMCO Prepayment; and (3) in the event that on any Payment Date the Hedge LC Margin is greater than $2,500,000, all amounts on deposit in the Energy Hedge Reserve Account shall be deposited into the Revenue Account to be applied pursuant to Section 6(b).