Initial Reserve Account Deposit. On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 52 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C)
Initial Reserve Account Deposit. On the Closing Date, the Depositor Trust will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 33 contracts
Samples: Indenture (Verizon Master Trust), Verizon Master Trust, Verizon Master Trust
Initial Reserve Account Deposit. On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 24 contracts
Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C), Transfer and Servicing Agreement (Verizon Owner Trust 2020-A)
Initial Reserve Account Deposit. On the Closing Date, the Depositor Trust will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account [from the net proceeds of the sale of the Notes].
Appears in 2 contracts
Samples: Verizon Master Trust, Verizon Master Trust
