Common use of Establishment of Working Capital Reserve Account Clause in Contracts

Establishment of Working Capital Reserve Account. On the Closing Date, the Manager must cause the Company to establish the Working Capital Reserve Account with the Paying Agent for the exclusive purpose of holding the Working Capital Reserve to cover (and maintain applicable reserves for payment of) Working Capital Expenses to the same extent, and in the same order of priority, as are applicable to Asset Proceeds in accordance with the terms hereof and the Custodial and Paying Agency Agreement (and, as of any date of determination, the amount of the Working Capital Reserve will be deemed to be the amount of the funds in such Working Capital Reserve Account).

Establishment of Working Capital Reserve Account. On the Closing Date, the Manager must shall cause the Company to establish the Working Capital Reserve Account with the Paying Agent for the exclusive purpose of holding the Working Capital Reserve to cover (and maintain applicable reserves for payment of) Working Capital Expenses to the same extent, and in the same order of priority, as are applicable to Asset Proceeds in accordance with the terms hereof and the Custodial and Paying Agency Agreement (and, as of any date of determination, the amount of the Working Capital Reserve will shall be deemed to be the amount of the funds in such Working Capital Reserve Account).