Examples of Pre-Funding Account Initial Deposit in a sentence
World Omni covenants to deliver and sell to WOAR pursuant to Section 2.01 on or prior to the end of the Funding Period Subsequent Receivables with an aggregate Starting Principal Balance equal to the amount of the Pre-Funding Account Initial Deposit provided that it has originated sufficient Subsequent Receivables that satisfy the eligibility criteria specified in Section 2.03 of the Sale and Servicing Agreement.
NFC covenants to deliver and sell to NFRRC pursuant to Section 2.01 on or prior to the end of the Funding Period Subsequent Receivables with an aggregate Starting Receivable Balance equal to the amount of the Pre-Funding Account Initial Deposit.
If there is a Funding Period, World Omni covenants to deliver and sell to WOAR pursuant to Section 2.01 on or prior to the end of the Funding Period Subsequent Receivables with an aggregate Starting Principal Balance equal to the amount of the Pre-Funding Account Initial Deposit provided that it has originated sufficient Subsequent Receivables that satisfy the eligibility criteria specified in Section 2.03 of the Sale and Servicing Agreement.
If there is a Funding Period, World Omni covenants to deliver and sell to WOAR pursuant to Section 2.01, on or prior to the end of the Funding Period, Subsequent Receivables with an aggregate Starting Principal Balance equal to the amount of the Pre-Funding Account Initial Deposit provided that it has originated sufficient Subsequent Receivables that satisfy the eligibility criteria specified in Section 2.03 of the Sale and Servicing Agreement.
The Purchaser, as set forth in the Sale and Servicing Agreement, shall deposit, from funds it receives from the sale of the Notes and Certificates, the (i) Reserve Fund Initial Deposit into the Reserve Fund, (ii) Yield Supplement Account Initial Deposit into the Yield Supplement Account, (iii) Pre-Funding Account Initial Deposit into the Pre-Funding Account and (iv) the Maximum Negative Carry Amount into the Negative Carry Account, each of which amounts shall be an asset of the Issuer.