Common use of Negative Carry Account Clause in Contracts

Negative Carry Account. (a) During the Revolving Period, if funds are deposited into the Series 2010-1 Principal Funding Account from the Excess Funding Account, then concurrent with such deposit, funds will be deposited into the Series 2010-1 Negative Carry Account to bring the balance in the Series 2010-1 Negative Carry Account up to the Required Negative Carry Account Balance.

Appears in 2 contracts

Samples: Navistar Financial Dealer Note (Navistar Financial Corp), Navistar Financial Dealer Note (Navistar Financial Dealer Note Master Owner Trust)

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Negative Carry Account. (a) During the Revolving Period, if funds are deposited into the Series 20102004-1 Principal Funding Account from the Excess Funding Account, then concurrent with such deposit, funds will be deposited into the Series 20102004-1 Negative Carry Account to bring the balance in the Series 2010-1 Negative Carry Account up to the Required Negative Carry Account BalanceAccount.

Appears in 1 contract

Samples: Navistar Financial Dealer Note (Navistar Financial Dealer Note Master Trust)

Negative Carry Account. (a) During the Revolving Period, if funds are deposited into the Series 20102005-1 Principal Funding Account from the Excess Funding Account, then concurrent with such deposit, funds will be deposited into the Series 20102005-1 Negative Carry Account to bring the balance in the Series 20102005-1 Negative Carry Account up to the Required Negative Carry Account Balance.

Appears in 1 contract

Samples: Navistar Financial Dealer Note Master (Navistar Financial Dealer Note Master Trust)

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Negative Carry Account. (a) During the Revolving Period, if funds are deposited into the Series 20102009-1 Principal Funding Account from the Excess Funding Account, then concurrent with such deposit, funds will be deposited into the Series 20102009-1 Negative Carry Account to bring the balance in the Series 20102009-1 Negative Carry Account up to the Required Negative Carry Account Balance.

Appears in 1 contract

Samples: Navistar Financial Dealer Note (Navistar Financial Dealer Note Master Owner Trust)

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