Cash Reserve Ledger definition

Cash Reserve Ledger means the ledger maintained by the Cash Manager to record the Cash Reserve from time to time in accordance with the provisions of the GIC Agreement.
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Cash Reserve Ledger means the ledger of the Issuer Account C-2 held by the Issuer with the Issuer Account Bank for the Cash Reserve in respect of Compartment Swiss Auto Leases 2 and for the purposes of the Transaction Leases 2 monitored by the Servicer.
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Examples of Cash Reserve Ledger in a sentence

  • Ledgers of the Issuer Account The Issuer will keep three (3) ledgers to the Issuer Account: theOperating Ledger, the Cash Reserve Ledger and the Commingling Reserve Ledger.

  • Such amount can be used by the Issuer to make payments under the Class A Notes with respect to interest and, following the Revolving Period End Date, to the extent that the amount standing to the credit of the Cash Reserve Ledger exceeds the Required Cash Reserve Amount and is applied to the Available Distribution Amounts, principal in accordance with the applicable Priority of Payments.There is no assurance that these subordination rules will protect the holders of Notes from risk of loss.

  • This excess income is available to top up the Cash Reserve Ledger as required to make good any reductions in the principal balance of the Reference Portfolio as a result of defaults by borrowers prior to repayment if any residual to the Originator as interest on the Subordinated loan or as Deferred Purchase Considerations.

  • Whilst the Issuer may draw on amounts standing to the credit of the Cash Reserve Ledger to pay senior expenses and interest on the Class A Notes, no assurance can be given that the Issuer will have sufficient funds to make payments in full in respect of the Notes.

  • Prior to the occurrence of an Enforcement Event, the Cash Reserve Ledger will be replenished on each Payment Date up to the Required Cash Reserve Amount in accordance with item (h) of the Pre-Enforcement Priority of Payments.

  • After all amounts due and payable in respect of the Notes and the Subordinated Loan have been fully paid, all remaining amounts standing to the credit of the Cash Reserve Ledger will be released to BMW Finance.

  • The Issuer will keep four (4) ledgers to the Issuer Account: (i) the Operating Ledger, (ii) the Cash Reserve Ledger, (iii) the Commingling Reserve Ledger and (iv) the Performance Reserve Ledger.

  • The amount credited to the Cash Reserve Ledger will be funded, as of the Issue Date, with EUR 5,380,000 borrowed by the Issuer through the Subordinated Loan and an amount equal to an amount by which the net proceeds from the issue of the Notes exceeds the aggregate Purchase Prices for the Acquisition of certain Receivables, together with the Loan Collateral.

  • See "TERMS AND CONDITIONS OF THE NOTES — Condition 5.6 (Pre-Enforcement Priority of Payments)".Upon the occurrence of an Enforcement Event, the amounts standing to the credit of the Cash Reserve Ledger will, together with all Available Post-Enforcement Funds, be available to make payments in accordance with the Post- Enforcement Priority of Payments.

  • The amount credited to the Cash Reserve Ledger will be funded, as of the Issue Date, with £4,300,000 borrowed by the Issuer through the Subordinated Loan.

Related to Cash Reserve Ledger

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2006-22". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Replacement Reserve Fund shall have the meaning set forth in Section 7.3.1 hereof.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.