Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 0.50% of the Initial Securitization Value.
Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 0.50% (or such other higher percentage as may be determined by the Depositor, in its sole discretion, on or prior to the Closing Date) of the Initial Securitization Value.
Required Reserve Account Balance means, as of any date, an amount equal to the product of (a) 1.0% times(b) the aggregate Securitization Value of all outstanding Warehouse SUBI Leases on such date, after giving effect to the allocation (if any) of a Lease Pool to the Warehouse SUBI on such date and a Securitization Take-Out (if any) on such date; provided that (1) on any date on and after the date on which any Commitments terminate, the Required Reserve Account Balance shall be an amount equal to the Required Reserve Account Balance in effect on the day immediately preceding such date on which such Commitments terminate, and (2) on any date on and after the payment of all funds in the Reserve Account to the Lenders following the maturity of the Loan Balance has been accelerated after the occurrence of an Event of Default, the Required Reserve Account Balance shall be zero.
Examples of Required Reserve Account Balance in a sentence
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ -- 11.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ -- B.
If on any Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account, the amount on deposit in the Reserve Account exceeds the Required Reserve Account Balance, the Indenture Trustee shall distribute any such excess to or at the direction of the Certificateholder.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ - 11.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ - B.
More Definitions of Required Reserve Account Balance
Required Reserve Account Balance means an amount equal to the sum of (A) the product of (i) 1.45% and (ii) the Net Investment related to the Initial Funding (after application of funds pursuant to Section 5.1 on the related Remittance Date), (B) the product of (i) 1.00% and (ii) the Net Investment related to the sum of all Subsequent Fundings (after application of funds pursuant to Section 5.1
Required Reserve Account Balance and replacing it with the following:
Required Reserve Account Balance. On any day, an amount equal to the product of (a) 2.00% and (b) the Net Investment on such date of calculation (after giving effect to any increase in the Net Investment on such date of determination).
Required Reserve Account Balance means with respect to any Payment Date, [an amount equal to [ ]% of the [Initial] Securitization Value][, provided that, with respect to any Payment Date after the date on which the Outstanding Amount of the Class [___] Notes is paid in full, [[ ]% of the [Initial] Securitization Value][___]% of the Pool Balance for that Payment Date].]
Required Reserve Account Balance means, in respect of any Series held by the Trust, on any day (i) during a related Reserve Period when the related Excess Spread Percentage is (w) less than 5.0% but equal to or greater than 4.0%, 2.0%, (x) less than 4.0% but equal to or greater than 3.0%, 3.0%, (y) less than 3.0% but equal to or greater than 2.0%, 4.0%, and (z) less than 2.0%, 5.0%, in each case of the related Invested Amount on such day, (ii) during the related Pre- Accumulation Reserve Period, an amount equal to the sum of (x) the related Required Pre-Accumulation Amount; and (y) the aggregate amounts deposited into the related Reserve Account under this clause (ii) prior thereto, and (iii) at any other time, zero.
Required Reserve Account Balance. The greater of (i) an amount equal to the product of (a) 1.00% and (b) the Borrowing Base and (ii) an amount equal to the product of (x) 0.50% and (y) the greatest Net Investment since the last reduction of the Net Investment to zero; provided, however, that on and after any Remittance Date occurring after the occurrence of a Termination Event, there shall be no maximum limit on the amount required to be on deposit in the Reserve Account; provided, further, however, on any day on which the Net Investment is zero, the Required Reserve Account Balance shall be zero.
Required Reserve Account Balance means, as of any date, an amount equal to (x) the product of (a) 1.0% times (b) the aggregate Securitization Value of all outstanding Warehouse SUBI Leases on such date, after giving effect to the allocation (if any) of a Lease Pool to the Warehouse SUBI on such date and a Securitization Take-Out (if any) on such date plus (y) the amount of funds deposited by the Borrower that are not proceeds of the Warehouse SUBI Assets or payable pursuant to the Warehouse SUBI Servicing Agreement or the Warehouse SUBI Sale Agreement to satisfy the minimum balance requirements of the depository institution holding the Reserve Account; provided, that (1) on any date on and after the date on which any Commitments terminate, the Required Reserve Account Balance shall be an amount equal to the Certain identified information has been omitted from this document because it is not material and would be competitively harmful if publicly disclosed, and has been marked with “[***]” to indicate where omissions have been made. Required Reserve Account Balance in effect on the day immediately preceding such date on which such Commitments terminate, and (2) on any date on and after the payment of all funds in the Reserve Account to the Lenders following the maturity of the Loan Balance has been accelerated after the occurrence of an Event of Default, the Required Reserve Account Balance shall be the amount of funds needed to satisfy the minimum balance requirements of the depository institution holding the Reserve Account, or if there is no such requirement, zero.