Accumulation Reserve Account Funding Date definition

Accumulation Reserve Account Funding Date means the Payment Date prior to the Payment Date with respect to the first Monthly Period in the Controlled Accumulation Period.

Accumulation Reserve Account Funding Date means, with respect to any Tranche of SynchronySeries Notes with an Accumulation Commencement Date, the Transfer Date selected by the Servicer on behalf of the Issuer which occurs not later than the Transfer Date following the Monthly Period which commences three months prior to the Accumulation Commencement Date (which commencement shall be subject to postponement pursuant to Section 3.11(b)(ii)).

Accumulation Reserve Account Funding Date means in respect of an Accumulation Period commencing other than as a result of a Targeted Pre-funding Amount of greater than zero the Transfer Date which occurs not later than the earliest of:

Examples of Accumulation Reserve Account Funding Date in a sentence

• The deposit targeted to be made by the Loan Note Issuer No.1 to the Accumulation Reserve Account Ledger for the Class A4 (2020-1) Notional Tranche with respect to any Transfer Date on or after the Accumulation Reserve Account Funding Date will be an amount equal to the excess, if any, of the Required Accumulation Reserve Account Amount over the Available Accumulation Reserve Account Amount with respect to the Class A4 (2020-1) Notional Tranche.

• The deposit targeted to be made by the Loan Note Issuer No.1 to the Accumulation Reserve Account Ledger for the Class A2 (2020-1) Notional Tranche with respect to any Transfer Date on or after the Accumulation Reserve Account Funding Date will be an amount equal to the excess, if any, of the Required Accumulation Reserve Account Amount over the Available Accumulation Reserve Account Amount with respect to the Class A2 (2020-1) Notional Tranche.

• On each Transfer Date from and after the Accumulation Reserve Account Funding Date, the Trustee, at the direction of the Servicer, shall apply Excess Spread as set forth in Section 5.17(o) to increase the amount on deposit in the Accumulation Reserve Account to the extent such amount is less than the Required Accumulation Reserve Account Amount.

• Scheduled Redemption Date: 18 May 2015 Stated Monthly Accumulation Amount:£41,666,667 Final Redemption Date: 18 May 2017 Additional Early Redemption Events: Required Accumulation Reserve Account Amount:None On any Transfer Date on or after the Accumulation Reserve Account Funding Date, 2.25 per cent.

• On each Distribution Date during the Controlled Accumulation Period following the Accumulation Reserve Account Funding Date, the Issuer will apply the Available Finance Charge Collections in the order of priority described above under “—Allocation of Available Finance Charge Collections—The Finance Charge Priority of Payments” to increase the amount credited to the Accumulation Reserve Account to equal the Accumulation Reserve Required Amount for such Distribution Date.

More Definitions of Accumulation Reserve Account Funding Date

Accumulation Reserve Account Funding Date means a Transfer Date selected by the [Administrator] which occurs not later than the earliest of: (a) the Transfer Date with respect to the Monthly Period which commences three (3) months prior to the commencement of the Controlled Accumulation Period; [(b) the first Transfer Date for which the Portfolio Adjusted Yield is less than 1.0%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences nine (9) months prior to the commencement of the Controlled Accumulation Period; (c) the first Transfer Date for which the Portfolio Adjusted Yield is less than 1.5%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences 6 months prior to the commencement of the Controlled Accumulation Period; and (d) the first Transfer Date for which the Portfolio Adjusted Yield is less than 2.0%, but in such event the Reserve Account Funding Date shall not be required to occur earlier than the Transfer Date with respect to the Monthly Period which commences 4 months prior to the commencement of the Controlled Accumulation Period].

Accumulation Reserve Account Funding Date means the date designated by the Servicer which occurs not later than the earliest of (a) the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period with respect to a Tranche of Notes or (b) such other date designated by the Servicer.

Accumulation Reserve Account Funding Date means a Transfer Date selected by the Issuer which occurs not later than the Transfer Date with respect to the Monthly Period which commences three (3) months prior to the commencement of the Controlled Accumulation Period.