Reserve LC definition

Reserve LC means, with respect to any Series having a Reserve Account, any unconditional, irrevocable standby letter of credit which replaces all or a portion of the amounts on deposit in such Reserve Account in accordance with the applicable Indenture Supplement.
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Reserve LC means the NOI LC or the Spa LC.
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Reserve LC shall have the meaning set forth in Section 3.02(c)(ii) hereof.
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Examples of Reserve LC in a sentence

  • Count 908 311 1 951 082 2 937 315 EUR 100.8300 91 584 998.13 3.86DWS Euro Reserve LC (LU0011254512) (0.200%) .....

  • Count 260 544 22 400 157 962 EUR 100.8300 26 270 651.52 11.50DWS Euro Reserve LC (LU0011254512) (0.200%) .....

  • Count 723 489 1 966 929 3 326 837 EUR 100.8300 72 949 395.87 2.39DWS Euro Reserve LC (LU0011254512) (0.200%) .....

  • The important point is that, unlike the graph Tri(S, M) of ideal triangulations, the graph Trida(S, M) of tagged triangula- tions is n-regular.

  • The parties contemplated and agreed that 50% of the value of the Slot Reserve LC would be replaced by the Aircraft Security, against which Nieuport could have recourse if an event of default were to occur.

  • If the financial institution issuing or confirming a Reserve LC ceases to be a Qualified LC Bank, then the Issuer (acting at the direction of the Sponsor) will use its best efforts to promptly (and in any event within 30 days of the date that the Issuer or the Sponsor became aware that such financial institution ceased to be a Qualified LC Bank) substitute such institution with a Qualified LC Bank and provide notice thereof to the Indenture Trustee.

  • Reserve LC: Like a bank guarantee, a reserve LC is paid on demand, usually usually a simple statement by the beneficiary of non-compliance, accompanied by minimal documented evidence.

  • Tab 17 Approval to accept a maintenance bond in the amount of$316,807.40, and execute a Developer’s Agreement for Maintenance of Improvements between Lake County and Lost Lake Reserve, L.C. RECOMMENDATION: Approval Tab 18 Approval to release a letter of credit for maintenance in the amount of $7,450.34 posted for High Grove Unit 1 which consists of 84 lots – Commission District 2.

  • The storm sewer system shall include a manufactured BMP, hydrodynamic separator, or approved equal, placed in a location which can be easily accessed by vactor truck.

  • Tab 14 Approval to release a Letter of Credit for Performance in the amount of $3,168,074.00 posted for road improvements on Citrus Tower Boulevard in conjunction with an Agreement between Lost Lake Reserve, L.C., and Lake County; and execute a Resolution accepting the following road into the County Road Maintenance System: Citrus Tower Boulevard “Part” (County Road Number 1350).


More Definitions of Reserve LC

Reserve LC shall have the meaning specified in Section 4.4(a).
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Reserve LC means an unconditional, irrevocable standby letter of credit from a Qualified LC Bank.
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Related to Reserve LC

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • LC Reserve the aggregate of all LC Obligations, other than (a) those that have been Cash Collateralized; and (b) if no Default or Event of Default exists, those constituting charges owing to the Issuing Bank.

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

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

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

  • 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.

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

  • Letter of Credit Reserve has the meaning set forth in Section 2.1.2(d).

  • 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 [*];

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

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

  • 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 As defined in Section 9.5.1.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • 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.

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

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • 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.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).