Reserve Account Balance definition

Reserve Account Balance means the amount on deposit in the Reserve Account as of the end of the applicable Collection Period.

Reserve Account Balance means, with respect to a Distribution Date, the amount on deposit in the Reserve Account as of the close of business on the Business Day immediately preceding such Distribution Date; provided, however, that such determination shall be made immediately after the deposit to the Collection Account effected pursuant to Section 5.1(c) of the Master Sale and Servicing Agreement.

Reserve Account Balance means an amount equal to deposits of all Reserve Account Deposit Amounts as reduced by (a) all Reserve Account Draws and (b) all Reserve Account Withdrawals paid to the Transferor, or the Class F Instrumentholder, if any.

Examples of Reserve Account Balance in a sentence

• On each Payment Date prior to the occurrence of an Event of Default that results in the acceleration of the Notes, and as directed in writing by the Servicer, the Indenture Trustee shall release to the Seller any amounts remaining on deposit in the Reserve Account in excess of the Specified Reserve Account Balance.

• On any Payment Date on which the amount on deposit in the Reserve Account is less than the Specified Reserve Account Balance, the Indenture Trustee shall, as directed in writing by the Servicer in accordance with Section 5.06(b)(vii), deposit into the Reserve Account Available Collections until the amount on deposit therein equals the Specified Reserve Account Balance.

• The Servicer shall determine the Specified Reserve Account Balance for each Payment Date.

• As, and to the extent, set forth in Section 5.06(c), the Relevant Trustee will deposit Available Amounts into the Reserve Account on each Distribution Date as provided in the Servicer’s Certificate, until the amount on deposit therein equals the Specified Reserve Account Balance.

• Specified Reserve Account Balance$ 2,222,166.00Actual Reserve Account Balance$ 2,222,166.00B.

More Definitions of Reserve Account Balance

Reserve Account Balance means, with respect to a Distribution Date, the amount on deposit in the Reserve Account as of the opening of business on such Distribution Date.

Reserve Account Balance means, for any Payment Date, the amount on deposit in the Reserve Account. Unless specifically stated to the contrary, the Reserve Account Balance shall be calculated after giving effect to all deposits and withdrawals therefrom on the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and all interest and other income (net of losses and investment expenses) on such amounts during the related Collection Period.

Reserve Account Balance. With respect to each Distribution Date ----------------------- (other than the first Distribution Date), the amount on deposit in the Reserve Account as of the preceding Distribution Date after giving effect to all distributions to be made on such preceding Distribution Date, and with respect to the first Distribution Date, as of the Closing Date.

Reserve Account Balance means the Dollar value of the amount on deposit in the Reserve Account.

Reserve Account Balance means, as of the date of determination, the principal amount of the securities plus the cash balance held in the Reserve Account.

Reserve Account Balance. With respect to any date of determination, the aggregate amount then on deposit in the Reserve Account.

Reserve Account Balance means, on any Settlement Date for the immediately preceding Settlement Period, an amount equal to the balance in the Reserve Account on such date after giving effect to any withdrawals from or deposits into the Reserve Account on such date excluding any income from the investment of funds in the Reserve Account (including accrued discount realized on liquidation of any Permitted Investment purchased at a discount).