Examples of Servicing Reserve in a sentence
Shortfall undertaking/ Undertaking towards maintaining Debt Servicing Reserve Account (DSRA) or maintaining desired Debt Service Coverage Ratio (DSCR) by an external entitySome structures have a Debt Service Reserve Account (DSRA) funded to the extent of the debt repayment scheduled for next one or two quarters (interest payment and principal repayment) through the tenure of the debt.
Highway Servicing Reserve Fund – In 1997 and 1998 the Province transferred responsibility for certain provincial highways to the Region (Hwy 8 in 1997, Hwys 24 and 86 in 1998).
The breaches are the failure to maintain the minimum sum in the Debt Servicing Reserve Account and certain financial ratios.
Balance, December 31, 2010Roads Rehabilitation Capital Reserve Fund $13,435,231Cycling Paths Reserve Fund$ 667,803Land Servicing$ 34,788Highway Servicing Reserve Fund$ 10,316Total$14,148,138Projected Balance, December 31, 2011$ 6,027,000Projected Balance, December 31, 2012$ 6,461,000Projected Balance, December 31, 2013 $ 6,090,000 Committed Applications:Future balances have been earmarked to fund Roads and Traffic base program capital expenditures.
On each Determination Date, the Master Servicer shall deliver to the Agent, the VFC Certificateholders, the Trustee and the Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.