Maintenance Reserve Account definition

Maintenance Reserve Account means the Maintenance Reserve Account established by the Depositary pursuant to the Depository Agreement.

Maintenance Reserve Account has the meaning given to such term in Section 3.01(a).

Maintenance Reserve Account shall have the meaning assigned thereto in the Security Agreement.

Examples of Maintenance Reserve Account in a sentence

• On each Calculation Date, the Administrative Agent shall calculate the difference between the Maintenance Required Amount for the related Payment Date and the amount available in the Maintenance Reserve Account as of such Payment Date (such difference, if positive, the “Additional Maintenance Reserve Amount” for such Payment Date).

• Any funds then on deposit in a Lessee Funded Account, the Security Deposit Account or the Maintenance Reserve Account related to the ACS Group Aircraft subject to such sale or other disposition shall be applied on a basis consistent with the terms of the Lease related to such ACS Group Aircraft, if any, or as otherwise provided by the relevant agreements related to such sale or other disposition.

• The Trustee shall apply Available Collections to make a deposit into the Maintenance Reserve Account on each such Payment Date in accordance with Section 3.09 hereof.

• To the extent that the Issuer needs to expend funds to perform maintenance on any Asset, such funds will be withdrawn first from the Maintenance Reserve Account, the Security Deposit Account or the Lessee Funded Account (as applicable) and, second, to the extent of any deficiency, from the Expense Account.

• To the extent that any amount on deposit in a Lessee Funded Account, the Security Deposit Account or the Maintenance Reserve Account is retained by the ACS Group following such sale and application as provided in the preceding sentence, such amounts shall be deposited into the Collections Account.

More Definitions of Maintenance Reserve Account

Maintenance Reserve Account means the Account so designated established and created under Section 2.2(a) of the Intercreditor Agreement.

Maintenance Reserve Account has the meaning given to such term in Section 3.01.

Maintenance Reserve Account means that certain account, established in the name of the Company, which account shall be used to maintain the Initial Maintenance Reserve Amount as adjusted from time to time to equal the Adjusted Maintenance Reserve Amount.

Maintenance Reserve Account means the account opened and maintained pursuant to Clause 10 of the Intercreditor Agreement;

Maintenance Reserve Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.

Maintenance Reserve Account is defined in the Depositary Agreement.

Maintenance Reserve Account means the Maintenance Reserve Trust Account together with the Maintenance Reserve DDA Account (it being understood that any provision herein providing for or requiring a deposit of funds to the Maintenance Reserve Account shall be deemed to refer to a deposit to the Maintenance Reserve DDA Account, with all amounts on deposit in the Maintenance Reserve DDA Account to be automatically transferred on a daily basis to the Maintenance Reserve Trust Account).