Reserve Account Deficiency definition

Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.
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Reserve Account Deficiency means the excess, if any, of the Required Reserve Account Amount over the Available Reserve Account Amount.
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Reserve Account Deficiency. For any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).
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Examples of Reserve Account Deficiency in a sentence

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 72 .

  • Payment to Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 73 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 85 .

  • Secondary Reserve Account Deficiency (Ln65 - Ln73) $ 0.00 Instructions to the Trustee --------------------------- 75 .

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 69 .

  • Payment to Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 70 .

  • Reserve Account Deficiency (Ln43 - Ln50) $ 0.00 Instructions to the Trustee --------------------------- 52 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 82 .

  • Secondary Reserve Account Deficiency (Ln62 - Ln70) $ 0.00 Instructions to the Trustee --------------------------- 72 .

  • Amount to be deposited from the Secondary Reserve Account into the Reserve Account if $ 0.00 Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 79 .


More Definitions of Reserve Account Deficiency

Reserve Account Deficiency shall have the meaning specified in Section 4.07(c).
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Reserve Account Deficiency shall have, for any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).
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Reserve Account Deficiency means, as of any Settlement Date after the Cash Management Date, the amount, if any, by which the amounts necessary to make the payments required under Sections 6.05(a)(i), (ii), and (iii) of the Purchase Agreement exceed the amounts on deposit in the Reserve Account.
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Related to Reserve Account Deficiency

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • 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.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

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

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Reserve Account Surplus means, as of any date of determination, 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.

  • 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.

  • 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 C( - ) 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.]

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

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

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

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

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

  • 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 [*];

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

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

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

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

  • Reserve Account Requirement means on any Payment Date, an amount equal to at least $20,892,998.25 provided, however, that on any Payment Date (after taking into account all distributions from the 2016-A SUBI Collection Account on such date) on which the Note Balance is zero, the “Reserve Account Requirement” shall be an amount equal to $0.

  • 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.