Reserve Account Property definition

Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.
Reserve Account Property shall have the meaning specified in Section 4.7(a).

Examples of Reserve Account Property in a sentence

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.

The Depositor hereby grants to the Indenture Trustee on the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes, all of the Depositor’s right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising, the Reserve Account and the Reserve Account Property and all proceeds thereof.

The Reserve Account Property shall, to the extent permitted by applicable law, rules and regulations, be invested, as directed in writing by the Servicer, by the bank or trust company then maintaining the Reserve Account, in Permitted Investments that mature not later than the Business Day immediately preceding the next Payment Date, and such Permitted Investments shall be held to maturity.

What we called “the Vanguard Experiment” in fund governance was about to begin in earnest.

The Reserve Account shall be the property of the Issuer, subject to the rights of the Indenture Trustee in the Reserve Account Property.


More Definitions of Reserve Account Property

Reserve Account Property means the Reserve Account, the Reserve Account Deposit and all proceeds of the Reserve Account and the Reserve Account Deposit, including all securities, investments, general intangibles, financial assets and investment property from time to time credited to and any security entitlement to the Reserve Account.
Reserve Account Property. As defined in the Granting Clause of the Indenture.
Reserve Account Property shall have the meaning assigned thereto in Section 4.7(a).
Reserve Account Property is defined in Section 4.6.
Reserve Account Property shall have the meaning assigned thereto in Section 4.7(a) of the Sale and Servicing Agreement.
Reserve Account Property has the meaning assigned thereto in Section 5.07(b).