Definition of Initial Reserve Account Deposit


Initial Reserve Account Deposit means $[ ].


Initial Reserve Account Deposit means 1% of the Pool Balance as of the Cutoff Date.
Sample 1

Examples of Initial Reserve Account Deposit in a sentence

On the Closing Date, the Reserve Account will be funded with the Initial Reserve Account Deposit.
On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account from the net proceeds of the sale of the Notes.
On the Closing Date, the Trust shall deposit the Initial Reserve Account Deposit into the Reserve Account from the net proceeds of the sale of the Notes.
On the Closing Date, the Indenture Trustee shall deposit from the proceeds of the sale of the Notes, the Initial Reserve Account Deposit into the Reserve Account.
On or prior to the Initial Funding Date, the Issuer shall cause the Initial Reserve Account Deposit to be deposited into the Reserve Account.