Reserve Account Initial Deposit. On the Closing Date, the Seller shall cause the Secured Noteholders to deposit the Reserve Account Initial Deposit in immediately available funds into the Reserve Account.
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Samples: Sale and Contribution Agreement (Ally Central Originating Lease Trust), Sale and Contribution Agreement (Ally Auto Receivables Trust 2012-Sn1), Sale and Contribution Agreement (Ally Auto Receivables Trust 2013-Sn1)
Reserve Account Initial Deposit. On the Closing Date, the Seller shall cause the Secured Noteholders [COL II LLC] to deposit the Reserve Account Initial Deposit in immediately available funds into the Reserve Account.
Appears in 1 contract
Samples: Sale and Contribution Agreement (Capital Auto Receivables LLC)
Reserve Account Initial Deposit. On the Closing Date, the Seller Sponsor shall cause the Secured Noteholders to deposit the Reserve Account Initial Deposit in immediately available funds into the Reserve Account.
Appears in 1 contract
