Deposit Amount definition
Examples of Deposit Amount in a sentence
If for one or more months during the Controlled Accumulation Period there are not sufficient funds to pay the Controlled Deposit Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Controlled Accumulation Period to make up for such shortfalls, the final payment of principal of the Class A Certificates will occur later than the Expected Final Payment Date.
Any interest or income earned with respect to the Deposit Amount will be income of the Buyer, unless Commnet is paid the Deposit Amount in connection with the Initial Closing (in which case, such interest or income shall be paid to Commnet as part of the Consideration) or is paid the Termination Fee (in which case, such interest or income will be paid to Commnet as part of the Termination Fee).
The Required Deposit Amount for the next Payment Date shall have been deposited in the Collection Account assuming that the aggregate principal amount of such Loan (together with the outstanding principal balance of the other Loans) will remain outstanding on the next Payment Date.
Within three (3) Business Days after the Signing Date, Buyer will pay by wire transfer of immediately available funds an amount equal to the Deposit Amount to the applicable account designated in the Deposit Agreement, which Deposit Amount will be held and applied by Deposit Agent in accordance with the terms of this Agreement and the Deposit Agreement.