Maintenance Reserve definition

Maintenance Reserve is defined in clause (c) of Section 7.04.

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Maintenance Reserve has the meaning set forth in Section 5.10.

Maintenance Reserve means the reserves maintained by Borrower to cover maintenance expense and restoration or other capital expenditures relating to the REO Properties and funded monthly in an amount not less than $500 per REO Property or in such other amount consented to by Agent.

Examples of Maintenance Reserve in a sentence

Each Yield Maintenance Reserve Fund shall be an Eligible Account, and funds on deposit in the account shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.
If the Trustee shall also deposit into a Yield Maintenance Reserve Fund any amount not required to be deposited in that account, it may at any time withdraw such amount from that Yield Maintenance Reserve Fund, any provision in this Agreement to the contrary notwithstanding.
The Trustee shall account for the Yield Maintenance Reserve Funds as outside reserve funds within the meaning of Treasury regulation 1.860G-2(h) and not an asset of any REMIC created pursuant to this Agreement.
The Yield Maintenance Reserve Fund shall be an Eligible Account, and funds on deposit in the account shall be held separate and apart from, and shall not be commingled with, any other moneys, including without limitation, other moneys held by the Trustee pursuant to this Agreement.
The FIS Facility Fee shall be equal to the sum of Operation and Maintenance Expenses, Debt Service, Debt Service Coverage, Debt Service Reserve Requirement, Operation and Maintenance Reserve, Non-amortized Capital Expenditures and Amortization Charges attributable to the FIS Facility divided by projected total international Deplaned Passengers using the FIS Facility during the Rate Setting Period.
The amount of any realized losses on Permitted Investments in the Yield Maintenance Reserve Funds shall promptly be deposited by the Seller in the related Yield Maintenance Reserve Fund.
On any Distribution Date, any amounts on deposit in a Yield Maintenance Reserve Fund in excess of the related Carryover Shortfall Amount shall be paid to the Holder of the Class A-X-2 Certificates.
Such reports will include information on the amount of Reinsurance Premiums, Ceding Commission, Acquisition Expense, Expense Allowance, Commission Chargebacks, Benefit Payments, Modified Coinsurance Reserve, Coinsurance Reserve, Gross Statutory Reserve, Tax Reserve, Interest Maintenance Reserve, and Modified Coinsurance Reserve Investment Credit.
Disbursement shall be made from the Major Maintenance Reserve Account only to pay for major maintenance costs of the Facility upon a certification of the Project Engineer that after withdrawal of such funds for such purpose, the amounts remaining in the Major Maintenance Reserve Account (including anticipated future funding thereof) shall be adequate to meet the anticipated needs of the Facility for major maintenance for the next five years.
The Seller shall be the owner of the Yield Maintenance Reserve Funds for federal tax purposes.

More Definitions of Maintenance Reserve

Maintenance Reserve means the Airframe Base Maintenance Check Reserve, the Airframe 6 Year Structural Check Reserve, the Airframe 9 Year Structural Check Reserve, the Airframe 12 Year Structural Check Reserve, the Airframe Structural Check, the APU Restoration Reserve, the APU LLP Reserve, the Main Landing Gear Overhaul Reserve, the Nose Landing Gear Overhaul Reserve, and the Propeller Overhaul Reserve, in each case referred to by that name under the heading "Maintenance Reserves" in Schedule 9;

Maintenance Reserve. The Maintenance Reserve fund described in and maintained in accordance with Section 8.7.

Maintenance Reserve means, at any time for any aircraft, the amount equal to 3% of the aggregate rents payable under the aircraft lease with respect to such aircraft at such time.

Maintenance Reserve means the fund established to cover major maintenance expenditures such as combustion turbine overhauls and other equipment major maintenance overhauls.

Maintenance Reserve. The meaning ascribed thereto in Section [________].