Reserve Draw Amount definition

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

Reserve Draw Amount means, with respect to each Transfer Date relating to the Controlled Accumulation Period or the first Transfer Date relating to the Early Amortization Period, the amount, if any, by which the Principal Accumulation Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Transfer Date.

Reserve Draw Amount shall have the meaning specified in subsection ------------------- 4.17(c) of the Agreement.

Examples of Reserve Draw Amount in a sentence

• Reserve Account (a) The Reserve Draw Amount on the related Transfer Date$0.00(b) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class A Available Funds$0.00(c) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class B Available Funds$0.00(d) Interest Earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date$0.00 12.

• Swap Reserve Fund (a) The Swap Reserve Draw Amount on the related Transfer Date$0.00(b) The amount of the Swap Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date to be treated as Class A Available Funds$0.00 13.

• In the event that for any Transfer Date the Swap Reserve Draw Amount is greater than zero, the Swap Reserve Draw Amount, up to the Available Swap Reserve Fund Amount, shall be withdrawn from the Swap Reserve Fund on such Transfer Date by the Trustee (acting in accordance with the instructions of the Servicer), and deposited into the Finance Charge Account and treated as Class A Available Funds for such Transfer Date to be applied pursuant to subsection 4.09(a).

• In the event that for any Distribution Date the Reserve Draw Amount is greater than zero, the Reserve Draw Amount, up to the Available Reserve Account Amount, shall be withdrawn from the Reserve Account on the related Transfer Date by the Trustee (acting in accordance with the instructions of the Servicer), deposited into the Collection Account and included in Class A Available Funds for such Distribution Date.

• If for any Transfer Date the Reserve Draw Amount is greater than zero, the Reserve Draw Amount, up to the Available Reserve Account Amount, shall be withdrawn from the Reserve Account on such Transfer Date by the Indenture Trustee (acting in accordance with the written instructions of the Servicer) and deposited into the Finance Charge Account for application as Available Finance Charge Collections for such Transfer Date.

More Definitions of Reserve Draw Amount

Reserve Draw Amount means, with respect to each Transfer Date relating to the Accumulation Period or the first Transfer Date relating to the Rapid Amortization Period, the amount, if any, by which the Principal Accumulation Investment Earnings for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

Reserve Draw Amount means, with respect to each

Reserve Draw Amount means, with respect to each Distribution Date following any Monthly Period during which amounts targeted to be deposited into the Principal Funding Account pursuant to Section 3.08 for any prior Monthly Period remain on deposit in the Principal Funding Account or the first Distribution Date after an Early Redemption Event or an Event of Default and acceleration occurs, the amount, if any, by which the Principal Funding Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Distribution Date.

Reserve Draw Amount shall have the meaning specified in Clause 5.22(c);

Reserve Draw Amount means, with respect to each Payment Date during the Controlled Accumulation Period or the first Payment Date during the Early Amortization Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Payment Date are less than the Covered Amount determined as of such Payment Date.

Reserve Draw Amount shall have the meaning specified in subsection 4.13(c).

Reserve Draw Amount means, with respect to each Distribution Date relating to the Controlled Accumulation Period or the first Distribution Date relating to the Rapid Amortization Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Distribution Date.