Special Reserve Accounts definition

Special Reserve Accounts means the Accounts of the Reserve Funds so designated as described in the Master Trust Indenture.
Sample 1Sample 2

Examples of Special Reserve Accounts in a sentence

  • The Custodian Account is established to account for appropriations by the State of Alaska Legislature available to fund the Special Reserve Accounts.

  • These investments would be made through Special Reserve Accounts maintained for the exclusive benefit of the customers, as required by Securities Exchange Act Rules.Permitting such investment will assist in developing an active market for and increasing liquidity in the TLGP Notes.

  • The state provided appropriations to contribute $2.33 million of the funds to meet the state’s matching requirement.Additional matching funds were obtained through the issuance of long-term revenue bonds or through cash from the Special Reserve Accounts of retired bonds or from transfers out of the Drinking Water Administration Fund.

  • Additional matching funds were obtained through the issuance of long-term revenue bonds or through cash from the Special Reserve Accounts of retired bonds or from transfers out of the Drinking W ater Administration Fund.

  • Additional matching funds were obtained through the issuance of long-term revenue bonds or through cash from the Special Reserve Accounts of retired bonds or from transfers out of the Drinking Water Administration Fund.

  • A bank receives deposits from a court-appointed custodian of funds used to settle class-action lawsuits.• Broker-Dealer Special Reserve Accounts.

  • Investment of Funds in the Collection Accounts, Servicing Accounts, Reserve Accounts, Purchase Price Security Deposit Accounts, Special Reserve Accounts and the REO Accounts...............121 SECTION 3.07.

  • Matching funds have been obtained through the issuance of short and long-term revenue bonds, through cash from the Special Reserve Accounts of retired bonds, or from transfers out of the Drinking Water Administration Fund.

  • Additional matching funds were obtained through the issuance of long-term revenue bonds, or through cash from the Special Reserve Accounts of retired bonds or from transfers out of the Drinking Water Administration Fund.

  • Comments were only received on §10.402(b) - Housing Tax Credit and Tax Exempt Bond Developments, Determination Notices, §10.402(e)(1) - Post Bond Closing Documentation Requirements, §10.404(d)(4) - Special Reserve Accounts, §10.406(f)(2) - Ownership Transfers, Nonprofit Or- ganizations, and §10.407(c) - Right of First Refusal, Required Documentation.

Related to Special Reserve Accounts

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • 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 [*];

  • Initial Reserve Account Deposit means $3,000,000.

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

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

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

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • 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.

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

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

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

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

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

  • 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.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-2) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.

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

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

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

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • 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.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.