Reserve Amounts. The Trustee, on behalf of the Trust, hereby covenants and agrees that, without approval of the Majority Certificateholders: (i) the Balances held in the Manager’s Reserve Account and the Trustee’s Reserve Account shall not, in the aggregate, exceed the Reserve Amount; and (ii) the Balance held in the Manager’s Reserve Account shall not exceed $10,000,000.
Appears in 3 contracts
Sources: Pass Through Trust Agreement (Copper Property CTL Pass Through Trust), Pass Through Trust Agreement, Pass Through Trust Agreement