Major Maintenance Reserve Account definition

Major Maintenance Reserve Account shall have the meaning set forth in the Depository Agreement.
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Major Maintenance Reserve Account shall have the meaning ascribed to it in subsection 5.5.
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Major Maintenance Reserve Account has the meaning assigned to it in the Collateral Agency Agreement.
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Examples of Major Maintenance Reserve Account in a sentence

  • The Major Maintenance Reserve Account shall be held and administered by the Security Trustee in accordance with this Agreement and shall form part of the Collateral.

  • Any amounts on deposit in the Major Maintenance Reserve Account in excess of the Major Maintenance Reserve Required Balance shall be transferred to the Revenue Account to be applied, on the next succeeding Monthly Transfer Date, pursuant to Section 5.03(b).

  • Account Funds in the Major Maintenance Reserve Account that are not disbursed in accordance with this Section 4.10.2 shall remain in the Major Maintenance Reserve Account.

  • The Major Maintenance Reserve Account will be maintained by the Issuer in the United States with the global structured finance unit of the Indenture Trustee.

  • Account Funds in the Major Maintenance Reserve Account shall either be used to (i) make a Major Maintenance Payment on each Designated Monthly Date in accordance with the Annual Operations Budget and the Common Agreement or (ii) pay Scheduled Debt Service on any Annual Scheduled Payment Date.


More Definitions of Major Maintenance Reserve Account

Major Maintenance Reserve Account means the Major Maintenance Reserve Account established pursuant to Section 3.1.
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Major Maintenance Reserve Account has the meaning given such term in Section 11.3(b).
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Major Maintenance Reserve Account has the meaning given to such term in the Security Deposit Agreement.
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Major Maintenance Reserve Account has the meaning assigned to it in Appendix A to the MSA.
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Major Maintenance Reserve Account has the meaning provided in the Indenture.]
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Major Maintenance Reserve Account means the special account designated by that name and established by the Administrative Agent pursuant to the Deposit Account Agreement.
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Major Maintenance Reserve Account has the meaning specified in the Collateral Agency Agreement.
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