Initial Reserve Account Deposit Sample Clauses

Initial Reserve Account Deposit. The Series 2017-3 Reserve Account will be funded by the Depositors on the Closing Date in the amount equal to the Series 2017-3 Reserve Account Required Amount for that date and will be increased and decreased as stated in this Indenture Supplement.
Initial Reserve Account Deposit. The Series 20 - Reserve Account will be funded by the Depositors on the Closing Date in the amount equal to the Series 20 - Reserve Account Required Amount for that date and will be increased and decreased as stated in this Indenture Supplement.
Initial Reserve Account Deposit. On the Closing Date, the Required Reserve Amount into the Reserve Account [from the net proceeds of the sale of the Notes].

Related to Initial Reserve Account Deposit

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

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