Reserve Account Amount definition

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.
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Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in the Reserve Account. Unless specifically stated to the contrary, the Reserve Account Amount shall be calculated after giving effect to all deposits and withdrawals therefrom on the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and all interest and other income (net of losses and investment expenses) on such amounts during the related Collection Period.
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Reserve Account Amount means, on any day, the amount on deposit in the Reserve Account.
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Examples of Reserve Account Amount in a sentence

  • On the date hereof, the Borrower shall remit to the Reserve Account immediately available funds so that the amount on deposit in the Reserve Account equals the Required Reserve Account Amount.


More Definitions of Reserve Account Amount

Reserve Account Amount means, as of any date, the amount then on deposit in the Reserve Account.
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Reserve Account Amount. For any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Payment Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Payment Date, or, in the case of the first Payment Date, the Closing Date), including, without limitation, all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.
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Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in the Reserve Account after giving effect to all deposits and withdrawals therefrom on the prior Payment Date (or, in the case of the first Payment Date, the Closing Date).
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Reserve Account Amount. As of any date of determination an amount equal to the amount on deposit in the Reserve Account (exclusive of Investment Earnings) on such date, after giving effect to all deposits, transfers and withdrawals from the Reserve Account on such date. RESERVE ACCOUNT DEPOSIT AMOUNT: $1,000,000. RESERVE ACCOUNT REQUIRED AMOUNT: On any day, the Reserve Account Deposit Amount.
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Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Account on the last day of the immediately preceding Collection Period.
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Reserve Account Amount means, on any day, the amount on deposit in the Reserve Account. “Reserve Account Initial Deposit” [***]. “Reserve Account Required Amount” means, on any date of determination, the product of (a) the Required Cash Reserve Percentage and (b) the aggregate Eligible Receivables Principal Balance as of the last day of the preceding month. “Reserve Account Withdrawal Amount” means, with respect to any Payment Date (i) on which an Available Funds Shortfall exists, an amount equal to the lesser of (a) the Reserve Account Amount and (b) the Available Funds Shortfall, (ii) following the occurrence of an Event of Default that has not been waived by the Administrative Agent (acting at the direction of the Required Lenders), the Reserve Account Amount or such other lesser amount on any Payment Date following the occurrence of an Event of Default as may be specified by the Administrative Agent (acting at the direction of the Required Lenders) in writing to the Borrower and the Servicer, and (iii) on any other Payment Date, zero. “Responsible Officer” means, when used with respect to any Person, any officer of such Person, including any president, vice president, assistant vice president, treasurer, secretary, assistant secretary, corporate trust officer or any other officer thereof customarily performing functions similar to those performed by the individuals who at the time shall be such officers, respectively, or to whom any matter is referred because of such officer’s knowledge of or familiarity with the particular subject, and, in each case, having direct responsibility for the administration of this Agreement. “Restricted Subsidiaries” shall have the meaning provided in the Indenture, dated August 27, 2018 (the “Notes Indenture”), among, inter alios, the Parent and TMI Trust Company in respect of the issuance of senior secured notes due in 2025; provided, that, if the Notes Indenture is no longer outstanding, “Restricted Subsidiaries” shall have the meaning provided in the Notes Indenture as of the last day prior to the Notes Indenture no longer being outstanding. “Review” has the meaning given to such term in Section 9.07(f). “Revolving Period” means the period commencing on the Closing Date and ending on the occurrence of a Revolving Period Termination Date.
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Related to Reserve Account Amount

  • 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.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

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

  • 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 Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.