Reserve Account definition

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

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

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

Examples of Reserve Account in a sentence

The Purchaser shall deposit an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which account shall be an asset of the Issuer.
Pursuant to the Indenture, the Trust will pledge all of its right, title and interest in, to and under the Reserve Account and the Reserve Account Property to the Indenture Trustee on behalf of the Noteholders to secure its obligations under the Notes and the Indenture.
All of the Depositor’s right, title and interest to the Reserve Account has been conveyed by the Depositor to the Trust pursuant to Section 2.1 and all amounts, securities, investments, financial assets and other property deposited in or credited to the Reserve Account shall be pledged by the Depositor to the Indenture Trustee for the benefit of the Noteholders (the “Reserve Account Property”).
On each Distribution Date, the Servicer shall instruct the Indenture Trustee to transfer the Reserve Account Draw Amount, if any, for such Distribution Date from the Reserve Account to the Collection Account.
On each Distribution Date, upon receipt of instructions from the Servicer pursuant to Section 4.6(b) of the Sale and Servicing Agreement, the Indenture Trustee shall withdraw from the Reserve Account (up to the amount on deposit in the Reserve Account) and deposit in the Collection Account the amount, if any, by which the Required Payment Amount for such Distribution Date exceeds the Available Collections for such Distribution Date.

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 275176001;

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.