Reserve Account Deposit Amount definition

Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

Reserve Account Deposit Amount means, (i) on the Closing Date, the Initial Deposit Amount and (ii) thereafter, for any Payment Date and the related Collection Period to the extent the amounts on deposit in the Reserve Account are less than the Reserve Account Requirement, an amount equal to the lesser of (a) the amount of such shortfall and (b) the amount of any Excess Amounts with respect to the related Collection Period.

Reserve Account Deposit Amount means, on any Payment Date, an amount equal to the excess of (A) the Reserve Account Required Amount over (B) the amount on deposit in the Reserve Account (after giving effect to any Reserve Account Draws on such Payment Date).

Examples of Reserve Account Deposit Amount in a sentence

• Accumulation Period Reserve Account Deposit Amount: With respect to each Distribution Date beginning on the Accumulation Period Reserve Account Funding Date and until termination of the Accumulation Period Reserve Account pursuant to Section 4.13(e), the excess of (a) the Accumulation Period Reserve Account Required Amount for such Distribution Date, over (b) the Accumulation Period Reserve Account Available Amount for such Distribution Date.

• After giving effect to such Advance or Release (including any related prepayment made at the time of such Release and any deposit into or withdrawal from the Reserve Account to be made in connection with such Advance or Release, as the case may be), there shall be no Borrowing Base Deficiency and the Required Reserve Account Deposit Amount shall not be more than zero ($0.00).

• If the Required Reserve Account Deposit Amount is positive on any Business Day (after giving effect to any Advances, prepayments, or distributions to be made on such Business Day), the Borrower shall remit to the Paying Agent, for immediate deposit into the Reserve Account, an amount equal to such Required Reserve Account Deposit Amount.

• The Special Reserve Account Deposit Amount required to be deposited in the Special Reserve Account in connection with such Advance shall have been deposited in the Special Reserve Account.

• On the Closing Date, the Residual Interestholder shall cause to be deposited in the Reserve Account the Initial Reserve Account Deposit Amount.

More Definitions of Reserve Account Deposit Amount

Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of: (x) the Maximum Reserve Account Deposit Amount for such Distribution Date and (y) the Reserve Account Shortfall Amount for such Distribution Date.

Reserve Account Deposit Amount. With respect to any Distribution Date, an amount equal to the lesser of (i) the excess, if any, of the Specified Reserve Account Balance for such Distribution Date over the amount that would otherwise be on deposit in the Reserve Account after giving effect to all withdrawals to be made therefrom on or prior to such Distribution Date and (ii) the portion of the Available Amount for such Distribution Date available for deposit into the Reserve Account pursuant to Section 8.2(c)(v) of the Indenture.

Reserve Account Deposit Amount has the meaning specified in Section 2.11(c)(i) hereof.

Reserve Account Deposit Amount means, with respect to any Payment Date, the amount, if any, by which (a) the Reserve Account Required Amount for such Payment Date exceeds (b) the amount of funds in the Reserve Account after giving effect to any withdrawals therefrom on such Payment Date.

Reserve Account Deposit Amount has the meaning specified in Section ------------------------------ 2.11(c)(i) hereof.

Reserve Account Deposit Amount. For any proposed Advance, (i) the related Interest Reserve Account Deposit Amount and the Interest Reserve Account Shortfall Amount, without double counting, (ii) the related Insurance Reserve Account Initial Deposit Amount and the Insurance Reserve Account Shortfall Amount, without double counting, (iii) the related Tax Reserve Account Initial Deposit Amount and the Tax Reserve Account Shortfall Amount, without double counting, (iv) the related Ongoing Reserve Account Deposit Amount and the Ongoing Reserve Account Shortfall Amount, without double counting, (v) the Renovation Cost Reserve Account Shortfall Amount and (vi) the related Special Reserve Account Deposit Amount.

Reserve Account Deposit Amount means an amount equal to $8,125,000 which is 1.250% of the aggregate Principal Balance of the Receivables as of the Cutoff Date.