Reserve Fund definition

Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

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Reserve Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

Reserve Fund means each account established for Imposition Reserve Deposits, the Replacement Reserve Fund, the Repair Reserve Fund (if any), the Rate Cap Agreement Reserve Fund (if any), the Rental Achievement Reserve Fund (if any), and any other account established pursuant to Article IV of this Loan Agreement.

Examples of Reserve Fund in a sentence

Upon any distribution to the Seller of amounts in excess of the Specified Reserve Fund Balance, the Noteholders will not have any rights in, or claims to, such amounts.
In furtherance thereof, the Securities Intermediary agrees to comply with entitlement orders with respect to and with instructions directing the disposition of funds held in or credited to the Collection Account, the Yield Supplement Account, the Note Distribution Account and the Reserve Fund originated by the Indenture Trustee without further consent by the Issuer, the Servicer or any other person or entity.
All income or other gain from investments of monies deposited in the Reserve Fund and the Yield Supplement Account shall be credited to such Account, and any loss resulting from such investments shall be charged to such Account.
The Accounts currently existing under the Sale and Servicing Agreement are the Collection Account, the Note Distribution Account, the Yield Supplement Account and the Reserve Fund maintained and held at the Securities Intermediary by the Issuer, subject to the first priority security interest of the Secured Party for the benefit of the Noteholders in the Accounts granted by the Issuer to the Secured Party to secure payment of the Notes.
The Securities Intermediary hereby agrees with the parties hereto that the jurisdiction of the Securities Intermediary with respect to the Collection Account, the Yield Supplement Account, the Note Distribution Account and the Reserve Fund shall be the State of New York.

More Definitions of Reserve Fund

Reserve Fund means the Reserve Fund established and maintained pursuant to Section 7.06 hereof.

Reserve Fund means the separate trust account created and maintained by the Trustee pursuant to Section 3.20 hereof.

Reserve Fund. A fund created pursuant to Section 3.24 which shall be an asset of the Trust Fund but which shall not be an asset of any Trust REMIC.

Reserve Fund. The reserve fund established pursuant to Section 3.26.

Reserve Fund has the meaning set forth in the Trust Agreement.

Reserve Fund means a fund established by a local entity under Section 11-42-702.

Reserve Fund. Unless otherwise provided in the Trust Agreement, any fund in the Trust Estate other than (a) the Certificate Account, Distribution Account, the Master Servicer Account and Termination Account and (b) any other fund that is expressly excluded from a REMIC.