Reserve Account
Reserve Account. The account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
Reserve Account. A bookkeeping account on the books of the Purchaser representing an unpaid portion of the Purchase Price, maintained by Purchaser to ensure Seller's performance with the provisions hereof.
Reserve Account. A bookkeeping account on the books of the Purchaser representing, at any time, the aggregate Purchase Discounts at such time (subject to adjustment as provided in Section 2.3), such account to be maintained by Purchaser to ensure Seller's performance with the provisions hereof.
Found in
Tarpon Industries, Inc. contract
Reserve Account. An account representing an unpaid portion of the Purchased Price, maintained by Purchaser to secure Seller's Obligations in the event that Seller's performance of the provisions hereof are not satisfied.
Found in
XPLORE TECHNOLOGIES CORP contract
Reserve Account. An account or accounts on the books of Purchaser reflecting transactions hereunder.
Found in
LIGHTPATH TECHNOLOGIES INC contract
Reserve Account. A bookkeeping account on the books of Amerisource where the Face Amount of all Purchased Accounts is initially credited, a portion of which is maintained by Amerisource to ensure Client's performance with the provisions hereof.
All Definitions
Found in
SMG Industries Inc. contract