Initial Reserve Account Deposit means $3,000,000.
Initial Reserve Account Deposit means $2,625,000.
Initial Reserve Account Deposit means an amount equal to at least $3,807,107.80.
Examples of Initial Reserve Account Deposit in a sentence
The Purchaser shall deposit an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which account shall be an asset of the Issuer.
On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account.
More Definitions of Initial Reserve Account Deposit
Initial Reserve Account Deposit means $1,625,000.
Initial Reserve Account Deposit means 1% of the Pool Balance as of the Cutoff Date.
Initial Reserve Account Deposit means $[ ].
Initial Reserve Account Deposit means $11,569,416.81.
Initial Reserve Account Deposit is defined in Section 5.8(b) of the Sale and Servicing Agreement.
Initial Reserve Account Deposit means $5,000,000.
Initial Reserve Account Deposit. The initial deposit into the Interest Reserve Account equal to 0.50% of the sum of the Aggregate Principal Balance of the Initial Accounts as of the Cut-Off Date, the Aggregate Principal Balance of any Additional Accounts purchased by the Issuer from the Grantor on the Closing Date and the amount of any funds on deposit in the Pre-Funding Account on the Closing Date (less any amounts used to purchase Additional Accounts on the Closing Date).