Supplemental Reserve Account definition

Supplemental Reserve Account shall have the meaning set forth in Section 8.2(A)(ii).

Supplemental Reserve Account. The trust account established pursuant to Section 10.3(e).

Supplemental Reserve Account has the meaning set forth in the CADA.

Examples of Supplemental Reserve Account in a sentence

• The ability of the Collateral Manager (acting on behalf of the Issuer) to exercise any rights or options under any Collateral Enhancement Obligation will be dependent upon there being sufficient amounts standing to the credit of the Supplemental Reserve Account to pay the costs of any such exercise.

• There can therefore be no assurance that the Balance standing to the credit of the Supplemental Reserve Account will be sufficient to fund the exercise of any right or option under any Collateral Enhancement Obligation at any time.

• The Collateral Manager is under no obligation whatsoever to exercise its discretion (acting on behalf of the Issuer) to take any of the actions described above and the Balance standing to the credit of the Supplemental Reserve Account may also or alternatively be used to fund the purchase of additional Collateral Obligations or Substitute Collateral Obligations.

• Such Balance shall be comprised of all sums deposited therein from time to time which will comprise amounts which the Collateral Manager, acting on behalf of the Issuer, determines shall be paid into the Supplemental Reserve Account pursuant to the Priorities of Payments rather than being paid to the Subordinated Noteholders.

• Such Balance shall be comprised of all sums deposited therein from time to time which will comprise interest payable in respect of the Subordinated Notes which the Collateral Manager, acting on behalf of the Issuer, determines shall be paid into the Supplemental Reserve Account pursuant to the Priorities of Payment rather than being paid to the Subordinated Noteholders.

More Definitions of Supplemental Reserve Account

Supplemental Reserve Account is defined in the Depositary Agreement.

Supplemental Reserve Account means the account established and maintained as such pursuant to Section 4.7(b).

Supplemental Reserve Account has the meaning set forth in Section 5.01(a) of the Indenture.

Supplemental Reserve Account means the segregated trust account with that name established and maintained with the Indenture Trustee and in the name of the Indenture Trustee on behalf of the Noteholders and maintained pursuant to Section 5.01 of the Indenture.

Supplemental Reserve Account means the account established pursuant to Section 10.1(b) and described in Section 10.3(h).

Supplemental Reserve Account. “Liquidity Reserve Account,” “ITC Insurance Proceeds Account,” “Takeout Transaction Account,” “Post-PTO Reserve Account,” or “Funding Account” hereunder, as applicable. (J)

Supplemental Reserve Account has the meaning set forth in Section 8.2(A)(ii). “Supplemental Reserve Account Deposit” means an amount equal to the sum of: (i) for any Borrowing Date, Payment Date, or date on which any Takeout Transaction is consummated, any Supplemental Reserve Account Deposit amounts from prior periods not deposited into the Supplemental Reserve Account; and