General Reserve Account means the account maintained by the Indenture Trustee pursuant to Section 3.2(b) of the Indenture.
General Reserve Account means the account maintained by the Paying Agent on behalf of the Indenture Trustee pursuant to Section 3.2(b) of the Indenture.
General Reserve Account shall have the meaning assigned to such term in the Mortgage Loan Agreement or such comparable account as shall be established under this Agreement in accordance with Section 7.6 hereof.
Examples of General Reserve Account in a sentence
Deposits to the General Reserve Account shall be made in accordance with Section 3.4 hereof.
Amounts on deposit in the General Reserve Account shall be invested in accordance with Section 3.1 hereof.
The Indenture Trustee on behalf of the Noteholders shall possess all right, title and interest in all funds on deposit from time to time in the General Reserve Account and in all proceeds thereof.
The General Reserve Account shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders as their interests appear in the Trust Estate.
On the Closing Date, the Indenture Trustee shall deposit, from the proceeds from the sale of the Notes, an amount equal to the General Reserve Account Initial Deposit.
More Definitions of General Reserve Account
General Reserve Account shall have the meaning set forth in Section 7.6.1 hereof.
General Reserve Account. The account which shall be a segregated non-interest bearing trust account which is an Eligible Account, established and maintained pursuant to Section 4.6, and entitled, “Deutsche Bank National Trust Company, as Indenture Trustee, in trust for the Noteholders of HomEq Servicer Advance Receivables Backed Notes, Series 2010-ADV1, General Reserve Account.”
General Reserve Account shall have the meaning assigned to such term in Section 3.01(a) of the Pooling Agreement.
General Reserve Account means the General Reserve Account established under section 16;
General Reserve Account means an ACCOUNT established in terms of Rule 13.5;
General Reserve Account means the bank account of the Issuer designated as such in the Account Agreement.
General Reserve Account means the bank account opened by the FCT with the FCT Account Bank bearing the following references (30003-03764-00003167270-59). General Reserve Deposit has the meaning ascribed to it in clause 2.1 (Nature and purpose of the General Reserve Deposit) of the General Reserve Deposit Agreement.