Distribution Reserve Account definition

Distribution Reserve Account has the meaning assigned to such term in the Partnership Agreement.
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Distribution Reserve Account has the meaning assigned to such term in Section 5.11(a).
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Distribution Reserve Account means a securities or deposit account of the Borrower established with a nationally recognized account bank in consultation with (and reasonably acceptable to) the Lender Representative and designated as the “Distribution Reserve Account” in writing by the Borrower to the Lender Representative and the Administrative Agent.
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Examples of Distribution Reserve Account in a sentence

  • On the Effective Date, or as soon as reasonably practicable thereafter, the Liquidating Trust will deposit in the Expense Reserve Account sufficient funds from the Distribution Reserve Account to pay all accrued and projected expenses and costs (including, without limitation, the Wind-Up Reserve or any Administrative Expenses that may remain or that may be incurred by the Liquidating Trust up to the Effective Date) of the Liquidating Trust to be incurred through the Termination Date.

  • The Borrower shall deposit, or cause to be deposited, in the Distribution Reserve Account all amounts transferred from the Available Cash Account pursuant to Section 2.20(b)(iv).

  • The Partnership will not enter into any agreement that restricts the ability of the Partnership to distribute funds from the Distribution Reserve Account.

  • The Borrower shall deposit, and shall use reasonable best efforts to cause third parties that would otherwise make payments directly to the Borrower to deposit, in the Available Cash Account (without duplication): (i) the proceeds of all Available Cash; (ii) any Other Proceeds transferred from the Other Proceeds Account pursuant to Section 2.20(c); and (iii) any amounts transferred from the Distribution Reserve Account pursuant to Section 2.20(d)(ii).

  • The Liquidating Trust will hold and administer the following assets: (i) the Expense Reserve Account; (ii) the Distribution Reserve Account; (iii) all Debtor Claims, if any; and (iv) any other Assets of the Debtors that are neither abandoned nor distributed on the Effective Date.


More Definitions of Distribution Reserve Account

Distribution Reserve Account has the meaning set forth in the Accounts Agreement.
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Distribution Reserve Account has the meaning given in Section 6(i) of the Account Control Agreement.
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Distribution Reserve Account means an account into which amounts are required by the terms of Major Project Indebtedness to be held prior to distribution to the upstream equity owners but after application to all prior provisions of the account waterfall under the terms of such Major Project Indebtedness.
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Distribution Reserve Account is defined in the Depositary Agreement.
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Distribution Reserve Account has the meaning given to such term in Section 1.1 of the Depositary Agreement.
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Distribution Reserve Account as defined in the Collateral Agency Agreement.
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Distribution Reserve Account has the meaning assigned to such term in Section 5.11(a). “Distribution Reserve Period Termination Date” means the date of distribution of Available Cash for the Quarter ending June 30, 2009.
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