Common use of Reserve Ledger Clause in Contracts

Reserve Ledger. The Cash Manager shall ensure that: (a) any Term Advances (or part thereof) borrowed by the LLP under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger; (b) any Cash Capital Contributions to the Reserve Fund at the direction of the Seller shall be credited to the Reserve Ledger; (c) amounts shall be credited to the Reserve Ledger in accordance with the Pre-Acceleration Revenue Priority of Payments; and (d) amounts shall be debited to the Reserve Ledger on each LLP Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.

Reserve Ledger. The Cash Manager shall ensure that: (a) any Term Advances (or part thereof) borrowed by the LLP Fund under the Intercompany Loan Agreement that are specifically required to be credited to the Reserve Fund, shall be credited to the Reserve Ledger; (b) any Cash Capital Equity Contributions to the Reserve Fund at the direction of the Seller shall be credited to the Reserve Ledger; (c) amounts shall be credited to the Reserve Ledger in accordance with the Pre-Acceleration Revenue Priority of Payments; and (d) amounts shall be debited to the Reserve Ledger on each LLP Fund Payment Date in order to be applied in accordance with the Pre-Acceleration Revenue Priority of Payments or, as applicable, the Guarantee Priority of Payments.