Available Reserve Amount definition

Available Reserve Amount is defined in Section 4.6.
Available Reserve Amount means, with respect to a Payment Date, the amount of funds equal to the lesser of (i) the amount on deposit in the Reserve Account (determined (a) exclusive of any Investment Earnings thereon and (b) before giving effect to any deposit to be made or withdrawals from the Reserve Account with respect to such Payment Date), and (ii) the Specified Reserve Account Balance.
Available Reserve Amount means the amount on deposit in the Reserve Account.

More Definitions of Available Reserve Amount

Available Reserve Amount the amount on deposit in the Reserve Account.
Available Reserve Amount means, as of any Payment Date, the lesser of (i) the amount on deposit in the Reserve Account (exclusive of earnings and income from the investment of funds therein) as of such date and (ii) the Specified Reserve Account Balance as of such date.
Available Reserve Amount means, as of any date, the amount on deposit in the Reserve Subaccount less the product of (a) the Prepayment Amount and (b) the difference, expressed as a percentage, between 100% and the Expected Amortization Percentage for the immediately following Regulatory Year.
Available Reserve Amount. As of any date of determination, the amount on deposit in the Reserve Account on such date.
Available Reserve Amount means, for each Distribution Date, an amount equal to the lesser of (i) the amount on deposit in the Reserve Account (exclusive of investment earnings) and (ii) the Specified Reserve Account Balance.
Available Reserve Amount means, for any Business Day, the lesser of (i) the amount on deposit in the Reserve Account on such Business Day (after giving effect to any deposit to, or withdrawal from, the Reserve Account to be made with respect to such Business Day), and (ii) the Required Reserve Amount as of such Business Day.
Available Reserve Amount with respect to any Payment Date, the amount on ------------------------ deposit in the Reserve Account after making any distribution in respect of such Payment Date from the Reserve Account to the Collection Account on account of investment earnings pursuant to the first sentence of Section 3.04(b).