Examples of Carrying Cost Reserve in a sentence
On each Determination Date, the Master Servicer shall deliver to the Agent, the VFC Certificateholders, the Trustee and the Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.
On each Determination Date, the Master Servicer shall deliver to the Enhancement Provider, the Trustee and each Rating Agency a Monthly Settlement Statement substantially in the form attached hereto as Exhibit E-1 setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Carrying Cost Reserve Ratio and the Servicing Reserve Ratio, each as recalculated for the next succeeding Settlement Period.
The Servicer shall, and the Agent may, on each Purchase Date that is not a Settlement Date direct the Agent's Bank to transfer monies held by the Agent's Bank in the Agent's Account in excess of the Carrying Cost Reserve Amount as of such Purchase Date, to the Seller to pay the purchase price of any Receivables being Purchased hereunder-on such date.
The Servicer shall, and the Agent may, on each Borrowing Date that is not a Settlement Date direct the Agent's Bank to transfer monies held by the Agent's Bank in the Agent's Account in excess of the Carrying Cost Reserve Amount as of such Borrowing Date, to the Borrower (which amount shall constitute a Loan hereunder to the same extent as if such amount had been advanced directly by the Lender to the Borrower on such date).
If used, the word or symbol markings should gener- ally be used in each approach lane (except for the SCHOOL message).The MUTCD allows for the development of other specialty warning signs based on engineering judgment for unique conditions.