Required Daily Deposit definition

Required Daily Deposit means, if applicable, with respect to each Servicer, an amount equal to:

Required Daily Deposit shall equal zero.

Required Daily Deposit shall have the meaning set forth in the Indenture.

Examples of Required Daily Deposit in a sentence

• Only the portion of Master Trust Collections required to be deposited under the Master Trust 's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Only the portion of Master Trust Collections required to be deposited under the Master Trust's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Only the portion of Trust Collections required to be deposited under the Trust's Required Daily Deposit provisions will typically be deposited in the Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Investor Certificates are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Only the portion of Master Trust Collections required to be deposited under the Master Trust's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes(or Certificates) are maturing on the following distribution date(in which case additional Principal Collections are retained in such account).

More Definitions of Required Daily Deposit

Required Daily Deposit for any Business Day shall mean an amount equal to:

Required Daily Deposit with respect to each Servicer with respect to any day for any Series then outstanding shall have the meaning set forth in the applicable Series Supplement.

Required Daily Deposit means, for a day in a Due Period, for each Collateral Certificate:

Required Daily Deposit. (as defined in the relevant Series Supplement), except to the extent Discover Bank has deposited such amounts into the Collections Account. Notwithstanding the other provisions of this Section 4.03 and the applicable provisions of any Series Supplement then outstanding, the allocations of Collections and Interchange pursuant to Section 4.03(c) and the applicable provisions of any Series Supplements then outstanding shall be deemed to be made on the date on which the Master Servicer delivers the Servicer’s Monthly Statement and the information required to be included in the Investor Certificateholders’ Monthly Statement with respect to each Series then outstanding to the Trustee. The Trustee is hereby authorized, upon receipt of the Servicer’s Monthly Statement and the information required to be included in the Investor Certificateholders’ Monthly Statement with respect to each Series then outstanding, together with written instructions from the Master Servicer, to immediately transfer to Discover Bank on behalf of the Holder of the Seller Certificate or the Master Servicer, as applicable, any funds in any Investor Account that would otherwise be paid to Discover Bank on behalf of the Holder of the Seller Certificate or the Master Servicer, as applicable, on the Trust Distribution Date or any Distribution Date related to such Due Period.

Required Daily Deposit for any Business Day shall mean an amount equal to: (a) during the Revolving Period, an amount equal to the lesser of (A) the Series Finance Charge Collections for such Business Day and (B) the difference between (i) the Class Modified Required Amounts (plus, if Sears is not the Servicer, the Series Monthly Servicing Fee for each Business Day) for all Classes of such Series and (ii) amounts previously deposited in the Collections Account with respect to such amounts with respect to the current Due Period pursuant to this subsection (a);

Required Daily Deposit means, if applicable, with respect to each Servicer, an amount equal to zero.

Required Daily Deposit means, for a day in a Due Period, for each Collateral Certificate comprising part of the Pledged Assets: