Reserve Account definition

Reserve Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(iii).

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Reserve Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Reserve Account shall have the meaning specified in subsection 4.12(a).

Examples of Reserve Account in a sentence

However, funds in the Reserve Account may be invested in Permitted Investments that will not mature or be available before the related Payment Date if the Rating Agency Condition has been satisfied for the investment.
Any Permitted Investments with a maturity date will be held to their maturity, except that such Permitted Investments may be sold or disposed of before their maturity (i) if they relate to funds in the Reserve Account required to make payments under Section 4.2(b)(iii) or (ii) in connection with the sale or liquidation of the Collateral following an Event of Default under Section 5.6 of the Indenture.
Amounts withdrawn from the Reserve Account shall only be used in the manner permitted under §246.4(b)(3) of Regulation RR, as determined solely by the Servicer.
The Financial Institution has established the following accounts (each, a "Collateral Account"): "Series 2026-2 Principal Funding Account – The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2026-2" with account number 9052145000; and "Series 2026-2 Reserve Account – The Bank of New York Mellon as Indenture Trustee, as secured party for Ford Credit Floorplan Master Owner Trust A for Series 2026-2" with account number 9052144000.
All of the Depositor’s right, title and interest to the Reserve Account has been conveyed by the Depositor to the Issuing Entity pursuant to Section 2.01(e) hereof, including, all funds on deposit from time to time, and all investments, proceeds and income thereof.

More Definitions of Reserve Account

Reserve Account. Any of the accounts established and maintained pursuant to Section 3.03(d).

Reserve Account with account number 216808001; and

Reserve Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 8.2.

Reserve Account is defined in Section 4.10(a).

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

Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(a) of the Administration Agreement.

Reserve Account means the account designated as such, established and maintained pursuant to Section 2.3(g) of the Administration Agreement.