Initial Reserve Account Deposit definition

Initial Reserve Account Deposit means 1% of the Pool Balance as of the Cutoff Date.
Initial Reserve Account Deposit means an amount equal to at least $3,508,772.74.
Initial Reserve Account Deposit means $1,625,000.

Examples of Initial Reserve Account Deposit in a sentence

  • 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.

  • The Purchaser shall deposit, from funds it receives from the issuance of the Notes, an amount equal to the Initial Reserve Account Deposit into the Reserve Account, which amount shall be an asset of the Issuer.

  • On the Closing Date, the Depositor shall deposit the Initial Reserve Account Deposit into the Reserve Account.

  • 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.

  • Initial Reserve Account Deposit Percentage of Initial Pool 1.00% 2.


More Definitions of Initial Reserve Account Deposit

Initial Reserve Account Deposit means $[ ].
Initial Reserve Account Deposit means $2,625,000.
Initial Reserve Account Deposit means $[_______________].
Initial Reserve Account Deposit means $2,500,000.02.
Initial Reserve Account Deposit means $2,500,000.03.
Initial Reserve Account Deposit means $3,000,000.