Required Expense Reserve means the sum of the amounts described in clauses (ii) and (iii) in the definition of “Required Expense Amount.”

Required Expense Reserve. An amount that, following any Funding Date, shall remain on deposit in the Collection and Funding Account, which amount shall equal (i) the amounts payable in respect of Fees and invoiced or regularly occurring expenses payable from Available Funds on the next Payment Date, plus (ii) all accrued and unpaid interest due on the Notes on the next Payment Date following such Funding Date, plus (iii) all amounts required to be deposited into each Series Reserve Account on the next Payment Date, plus (iv) the aggregate of all Target Amortization Amounts payable on the next Payment Date, except with respect to any Classes of Notes for which the related Indenture Supplement provides that Target Amortization Amounts shall not be reserved as part of the Required Expense Reserve, plus (v) all accrued and unpaid Default Supplemental Fees and ERD Supplemental Fees and related shortfall amounts, if any, due on the Notes on the next Payment Date following such Funding Date, minus (vi) the amounts then on deposit in the Accumulation Accounts.

Required Expense Reserve. An amount that, following any Funding Date, shall remain on deposit in the Collection and Funding Account, which amount shall equal (i) the amounts payable in respect of Fees and invoiced or regularly occurring expenses payable from Available Funds on the next Payment Date, plus (ii) all accrued and unpaid interest due on the Notes on the next Payment Date following such Funding Date, plus (iii) all amounts required to be deposited into each Series Reserve Account on the next Payment Date, plus (iv) the aggregate of all Target Amortization Amounts payable on the next Payment Date, except with respect to any Classes of Notes for which the related Indenture Supplement provides that Target Amortization Amounts shall not be reserved as part of the Required Expense Reserve minus (v) the amounts then on deposit in the Accumulation Accounts.

Examples of Required Expense Reserve in a sentence

On each Quarterly Payment Date, amounts on deposit in the Collection Account, together with, if necessary, amounts on deposit in the Required Expense Reserve Account, will be available to make payments in respect of Spectrum Portfolio Maintenance Expenses, Securitization Operating Expenses and all Management Provider Fees.
Various efforts have been made by the scientific community to prepare phosphorylated derivatives of renewable phenolics.
The Required Expense Reserve Account shall be an Eligible Account.
SPRT16.5 entitled “Deutsche Bank Trust Company Americas f/b/o Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC and Sprint Spectrum Co III LLC, Required Expense Reserve Account” in the name of the Master Issuer for the benefit of the Issuers and under the control of the Trustee for the benefit of the Secured Parties as pledgees, for the deposit of the Required Expense Reserve Amount (the “ Required Expense Reserve Account ”).
If the Required Expense Reserve Amount is decreased by the Control Party on any date of determination, any resulting excess funds on deposit in the Required Expense Reserve Account above the Required Expense Reserve Amount on such date shall be withdrawn by the Trustee at the direction of the Manager (acting on behalf of the Issuers) and deposited in the Collection Account for subsequent application through the Priority of Payments.

More Definitions of Required Expense Reserve

Required Expense Reserve. An amount that, following any Funding Date, shall remain on deposit in the Collection and Funding Account, which amount shall comprise and be equal to with respect to the Receivables, Collections in an amount equal to the aggregate of (i) the amounts payable in respect of Fees and invoiced or regularly occurring expenses payable from Available Funds on the next Payment Date, plus (ii) all accrued and unpaid interest due on the Notes on the next Payment Date following such Funding Date, plus (iii) all amounts required to be deposited into the General Reserve Account on the next Payment Date, plus (iv) the aggregate amount, if any, required to be paid in respect of a Principal Payment Condition on the next Payment Date or Interim Payment Date.

Required Expense Reserve. With respect to any Funding Date, an amount that, following such Funding Date, shall remain on deposit in the Trust Accounts, which amount shall comprise and be equal to with respect to the Receivables, Collections in an amount equal to the aggregate of (i) the amounts payable in respect of Fees and invoiced or regularly occurring expenses payable from Available Funds on the next Payment Date, plus (ii) all accrued and unpaid interest due on the Notes on the next Payment Date following such Funding Date, plus (iii) all amounts required to be deposited into each General Reserve Account on the next Payment Date, plus (iv) the aggregate of all Target Amortization Amounts payable on the next Payment Date, except with respect to any Classes of Notes for which the related Indenture Supplement provides that Target Amortization Amounts shall not be reserved as part of the Required Expense Reserve.

Required Expense Reserve has the meaning set forth in Section 5.4 of the Base Indenture.

Required Expense Reserve means, with respect to any Payment Date, an amount equal to the Expenses payable during the three succeeding Interest Accrual Periods beginning on such Payment Date or reasonably anticipated by the Issuer to become due and payable during such period, the accrual of which would be prudent in light of the size and timing of such Expenses.

Required Expense Reserve means, with respect to any Payment Date, an amount equal to the aggregate of amounts required to be paid pursuant to Section 4.04(b)(i)-(iii) on such Payment Date.

Required Expense Reserve. An amount that, following any Funding Date (other than a Funding Date that is a Payment Date), shall remain on deposit in the Collection and Funding Account, which amount shall equal (i) the amounts payable in respect of Fees and invoiced or regularly occurring expenses payable from Available Funds on the next Payment Date, plus (ii) all accrued and unpaid interest due on the Notes on the next Payment Date following such Funding Date, plus (iii) all amounts required to be deposited into each General Reserve Fund on the next Payment Date, plus (iv) the aggregate of all Target Amortization Amounts payable on the next Payment Date, except with respect to any Classes of Notes for which the related Indenture Supplement provides that Target Amortization Amounts shall not be reserved as part of the Required Expense Reserve.