Liquidity Reserve Account definition

Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

Liquidity Reserve Account. The separate trust account or accounts to be created and maintained under the circumstances described in Section 4.17.

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

Examples of Liquidity Reserve Account in a sentence

• The taxpayer identification number associated with the Collection Account, the Equipment Replacement Reserve Account and the Liquidity Reserve Account shall be that of the Borrower, and the Borrower shall report for federal, state and local income tax purposes the income, if any, earned on funds in such accounts.

• The names and addresses of the Lockbox Bank, together with the account numbers of the Lockbox Account, the Collection Account, the Equipment Replacement Reserve Account, the Borrower’s Account, the Loan Proceeds Accounts, the Takeout Transaction Account and the Liquidity Reserve Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(Q).

• Notwithstanding the foregoing, the Borrower neither has nor shall have any control over the Lockbox Account, the Collection Account, the Liquidity Reserve Account, the Equipment Replacement Reserve Account or the Takeout Transaction Account.

• Prior to an Event of Default, the Servicer (and after an Event of Default, the Administrative Agent) may direct each banking institution at which the Collection Account, the Equipment Replacement Reserve Account or the Liquidity Reserve Account shall be established, in writing, to invest the funds held in such accounts in one or more Permitted Investments.

• Amounts on deposit in the Liquidity Reserve Account are at any time less than the Liquidity Reserve Account Required Balance and such deficit is not cured on the earlier of the next Borrowing Date or the next Payment Date or the Borrower fails to deposit the Equipment Replacement Reserve Deposit in the Equipment Replacement Reserve Account in accordance with Section 2.7 as of any Payment Date and such failure is not cured on the earlier of the next Borrowing Date or the next Payment Date.

More Definitions of Liquidity Reserve Account

Liquidity Reserve Account means the Liquidity Reserve Account established by the Depositary pursuant to the Depository Agreement.

Liquidity Reserve Account has the meaning specified in the Security Deposit Agreement.

Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii). [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.

Liquidity Reserve Account has the meaning given to such term in Section 3.01(a).

Liquidity Reserve Account the account by that name established and maintained by the Trustee pursuant to Section 3.01.

Liquidity Reserve Account shall have the meaning assigned thereto in the Participation and Servicing Agreement.

Liquidity Reserve Account shall have the meaning specified in Section 4.02(c)(i).