Series 2017 Debt Service Reserve Account definition

Series 2017 Debt Service Reserve Account means the account as described in Section 5.3 of this Supplemental Indenture.
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Series 2017 Debt Service Reserve Account means the Account so designated, established as a separate Account within the Debt Service Reserve Fund pursuant to Section 4.01(f) of this Fifth Supplemental Indenture.
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Series 2017 Debt Service Reserve Account means the separate account within the Debt Service Reserve Fund created in Section 3.2 hereof.
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Examples of Series 2017 Debt Service Reserve Account in a sentence

  • The prior written consent of the Series 2017 Surety Provider shall be a condition precedent to the deposit of any Credit Agreement or reserve fund credit facility credited to the Series 2017 Debt Service Reserve Account in lieu of a cash deposit into such reserve account.

  • Draws on all Credit Agreement (including the Series 2017 Reserve Fund Surety Policy) on which there is available coverage shall be made on a pro- rata basis (calculated by reference to the coverage then available thereunder) after applying all available cash and investments in the Series 2017 Debt Service Reserve Account.

  • As of the date of delivery of the Series 2017 Subordinate Lien Bonds, the Series 2017 Reserve Fund Surety Policy with a policy limit equal to the Reserve Requirement is being issued by the Series 2017 Surety Provider to fund such Reserve Requirement and will be held by the Trustee for the credit of the Series 2017 Debt Service Reserve Account.

  • Payment of Policy Costs and reimbursement of amounts with respect to other Credit Agreement shall be made on a pro-rata basis prior to replenishment of any cash drawn from the Series 2017 Debt Service Reserve Account.

  • All cash and investments in the Series 2017 Debt Service Reserve Account shall be transferred to the Subordinate Lien Debt Service Fund for payment of debt service on Series 2017 Subordinate Lien Bonds before any drawing may be made on the Series 2017 Reserve Fund Surety Policy or any other Credit Agreement credited to the Series 2017 Debt Service Reserve Account in lieu of cash.

  • There is hereby establishedwith the Trustee a Series 2017 Account Cost of Issuance Account, a Series 2017 Construction Account within the Construction Fund, a Series 2017 Capitalized Interest Account within the Construction Fund, and the Series 2017 Debt Service Reserve Account within the Debt Service Reserve Fund.

  • The proceeds of the Series 2017 Bonds shall be applied, together with other legally available funds of the District, as set forth in the Second Supplemental Indenture to: (i) currently refund all the Refunded Bonds; (ii) pay certain costs associated with the issuance of the Series 2017 Bonds; and (iii) make a deposit into the Series 2017 Debt Service Reserve Account.

  • The Series 2017 Bonds are being issued hereunder in order to provide funds to (i) pay a portion of the costs of the Phase 6 Project, (ii) fund the Series 2017 Debt Service Reserve Account, and (iii) pay the costs of issuance of the Series 2017 Bonds.

Related to Series 2017 Debt Service Reserve Account

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Interest Reserve Account As defined in Section 3.4(d).

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Debt Service Reserve Fund Requirement means, with respect to the 2023 Series B Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2023 Series B Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

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

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.