Principal Reserve Account definition

Principal Reserve Account has the meaning set forth in Section 2.13(c).
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Principal Reserve Account shall have the meaning set forth in Section 4.1.
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Principal Reserve Account means the account of the Issuer held with the Account Bank, where amounts of Principal Proceeds or Interest Proceeds may from time to time be deposited and disbursed in accordance with the Priorities of Payment.
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Examples of Principal Reserve Account in a sentence

  • Geometric outputs become inputs for the inference process, and hence for fuzzy models.

  • The Principal Reserve Account shall be a “securities account” (as defined in Section 8-501 of the UCC) and the Intermediary shall be the “entitlement holder” (as defined in Section 8-102(a)(7) of the UCC).

  • The Principal Reserve Account shall be under the exclusive “control” (as defined in Article 9 of the UCC) of the Intermediary for the benefit of the Secured Parties.

  • The Trustee shall, from time to time, withdraw amounts from the ABCP Principal Reserve Account pursuant to Section 8 of the Issuing and Paying Agency Agreement for use by the Issuing and Paying Agent pursuant to said Section 8 of the Issuing and Paying Agency Agreement (for deposit into the CP Account for further use by the Issuing and Paying Agent to pay maturing ABCP Notes).

  • Any and all funds at any time on deposit in, or otherwise to the credit of, the Principal Reserve Account shall be held by the Intermediary for the benefit of the Secured Parties.

  • The Trustee shall give to the Issuer prompt notice if the ABCP Principal Reserve Account or any funds on deposit therein, or otherwise to the credit of the ABCP Principal Reserve Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process.

  • Principal Reserve Account has the meaning set forth in Section 2.13(c) hereof.

  • The Issuer (or the Collateral Manager on behalf of the Issuer) shall cause the deposit of all amounts received from the Counterparty under the Transaction 2 directly into the ABCP Principal Reserve Account on the same day any such amounts are paid by the Counterparty.

  • No massive bleeding was observed in these patients to the end of surgery and in the post- operative period, respectively.Discussion: TPE could be a safe and effec- tive possibility to reduce bleeding risk in ticagrelor-treated patients undergoing acute cardiac surgery.

  • Eligible Investments in the ABCP Principal Reserve Account shall have maturities sufficient to ensure that there are proceeds available to pay any ABCP Notes which have a Maturity during such Due Period.


More Definitions of Principal Reserve Account

Principal Reserve Account means a segregated reserve account in the name of the Borrower with RBS and designated with account number .
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Principal Reserve Account. Amounts standing to the credit of the Principal Reserve Account will constitute a reserve fund for the payment (i) to the Class A Noteholders, the Class A Principal Payment Amount and (ii) to the Class B Noteholders, the Class B Principal Payment Amount. On each Principal Payment Date, the Indenture Trustee shall transfer all amounts standing to the credit of the Principal Reserve Account to the Payment Account and shall apply such amounts subject to and in accordance with the Priority of Payments. On each Payment Date after the occurrence of an Early Amortization Event and on the Scheduled Maturity Date, all amounts standing to the credit of the Principal Reserve Account will be transferred to the Payment Account and will be applied subject to and in accordance with the Priority of Payments. See “Summary of Terms—Priority of Payments.” The Indenture Trustee will be permitted to withdraw any amounts deposited in the Principal Reserve Account in error.
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Principal Reserve Account. The trust account defined in and established pursuant to Section 10.3(b).
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Principal Reserve Account. (the "Principal Reserve Account"). On any Payment Date after and for so long as the Debt Service Coverage Test or the Additional Resort Coverage Test, if applicable, has not been satisfied, Lender or its servicer shall deposit, to the extent of available funds pursuant to Section 2.12(b), into the Operating Expense Account an amount equal to Monthly Property Expenses and into the Principal Reserve Account any remaining available funds then on deposit in the Collection Account pursuant to clause sixth of Section 2.12(b). Any and all Moneys remitted to the Operating Expense Account or the Principal Reserve Account shall be held in the Operating Expense Account or Principal Reserve Account, as applicable, and applied,
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Related to Principal Reserve Account

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Initial Reserve Account Deposit means $3,000,000.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-2) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Securities Administrator pursuant to Sections 3.07(b) and 3.07(c) in the name of the Securities Administrator for the benefit of the Regular Certificateholders and designated "Wells Fargo Bank, National Association in trust for registered Holders xx Xxrgan Stanley Capital I Inc. Trust 2006-HE2, Mortgage Pass-Through Cerxxxxxxtxx, Xxxies 2006-HE2." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.