Reserve Account Deficiency definition

Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.
Reserve Account Deficiency means the excess, if any, of the Required Reserve Account Amount over the Available Reserve Account Amount.
Reserve Account Deficiency means, at any time of determination, the excess, if any, of: (a) the Reserve Account Required Amount, over (b) the amount then on deposit in the Reserve Account.

Examples of Reserve Account Deficiency in a sentence

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 72 .

  • Payment to Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 73 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 85 .

  • Secondary Reserve Account Deficiency (Ln65 - Ln73) $ 0.00 Instructions to the Trustee --------------------------- 75 .

  • Even econometricians find it challenging to tease out the returns to tutoring (as discussed below), and it may be very hard for households to know for sure whether their investment will pay off, particularly since any wage returns may be realized only after many years.

  • Reserve Account Deficiency (Ln43 - Ln50) $ 0.00 Instructions to the Trustee --------------------------- 52 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 82 .

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 69 .

  • Under the DLP VIFebruary Waiver, National Founders agreed to waive, for a limited period up through March 10, 2022, the February 2022 Reserve Account Deficiency (as defined in the DLP VI February Waiver).

  • Amount to be deposited from the Secondary Reserve Account into the Reserve Account if $ 0.00 Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 79 .


More Definitions of Reserve Account Deficiency

Reserve Account Deficiency. For any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).
Reserve Account Deficiency shall have the meaning specified in Section 4.07(c).
Reserve Account Deficiency means, as of any Settlement Date after the Cash Management Date, the amount, if any, by which the amounts necessary to make the payments required under Sections 6.05(a)(i), (ii), and (iii) of the Purchase Agreement exceed the amounts on deposit in the Reserve Account.
Reserve Account Deficiency shall have, for any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).

Related to Reserve Account Deficiency

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,797,533.70.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2004 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Account Requirement means on any Payment Date, an amount equal to at least $17,853,746.58 provided, however, that on any Payment Date (after taking into account all distributions from the 2015-B SUBI Collection Account on such date) on which the Note Balance is zero, the “Reserve Account Requirement” shall be an amount equal to $0. 24 (NALT 2015-B Agreement of Definitions)