Reserve Account Surplus definition

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 Surplus means, as of any date of determination, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

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.

Examples of Reserve Account Surplus in a sentence

• In the event that the Accumulation Reserve Account Surplus on any Payment Date, after giving effect to all deposits to and withdrawals from the Accumulation Reserve Account with respect to such Payment Date, is greater than zero, the Indenture Trustee (acting in accordance with the instructions of the Servicer) shall withdraw from the Accumulation Reserve Account, and pay to the holder of the Transferor Indebtedness an amount equal to such Accumulation Reserve Account Surplus.

• Notwithstanding the foregoing, following an Event of Default with respect to the Series 2022-CRT2 Notes and acceleration of such Series 2022-CRT2 Notes, any Accumulation Reserve Account Surplus or other amounts on deposit in the Accumulation Reserve Account shall be applied toward payment of any amounts owing with respect to the Series 2022-CRT2 Notes before such amounts are paid to the holders of the Transferor Indebtedness.

• If the Reserve Account Surplus on any Transfer Date, after giving effect to all deposits to and withdrawals from the Reserve Account with respect to such Transfer Date, is greater than zero, the Indenture Trustee, acting in accordance with the written instructions of the Servicer, shall withdraw from the Reserve Account an amount equal to such Reserve Account Surplus and distribute any such amounts to the holders of the Transferor Interest.

More Definitions of Reserve Account Surplus

Reserve Account Surplus means, as of any Transfer

Reserve Account Surplus means, as of any date of determination, the excess, if any, of the Available Reserve Account Amount (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date) over the Required Reserve Account Amount, in each case, as of such date.

Reserve Account Surplus means, with respect to any Transfer Date, on or after the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Amount;

Reserve Account Surplus means, as of any Monthly Payment Date, the amount, if any, by which the amount on deposit in the Reserve Account, including all net income from the investment of funds therein and after taking into account any deposits and any payments pursuant to Sections 3.05 and 3.07 hereof on such Monthly Payment Date, exceeds the Required Reserve Amount for the next Monthly Payment Date.

Reserve Account Surplus means, as of any date of determination, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.]

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 Draw Amount" shall have the meaning specified in subsection 4.15(c). "Revolving Period" shall mean the period from and including the Closing Date to, but not including, the earlier of (a) the day the Controlled Accumulation Period commences and (b) the Pay Out Commencement Date. "Scheduled Payment Date" shall mean the March 2012 Distribution Date. "Series 1997-B" shall mean the Series of the MBNA Master Credit Card Trust II represented by the Investor Certificates. "Series 1997-B Certificateholders" shall mean the holder of record of a Series 1997-B Certificate. "Series 1997-B Certificates" shall mean the Class A Certificates and the Class B Certificates. "Series 1997-B Holders" shall mean the Series 1997-B Certificateholders and the Class C Interest Holders. "Series 1997-B Pay Out Event" shall have the meaning specified in Section 9 hereof. "Series 1997-B Termination Date" shall mean the earliest to occur of (a) the Distribution Date on which the Investor Interest is paid in full, (b) the August 2014 Distribution Date and (c) the Trust Termination Date. "Series Principal Shortfall" shall mean with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date. "Series Servicing Fee Percentage" shall mean 2.0%. "Servicer Interchange" shall mean, for any Transfer Date, the portion of Collections of Finance Charge Receivables allocated to the Investor Certificates and deposited in the Finance Charge Account with respect to the related Monthly Period that is attributable to Interchange; provided, however, that Servicer Interchange for any Transfer Date shall not exceed one-twelfth of the product of (i) the Adjusted Investor Interest as of the last day of the related Monthly Period and (ii) 0.75%; provided further, however, with respect to the first Transfer Date, the Servicer Interchange may equal but shall not exceed $1,333,333.33. "Shared Principal Collections" shall mean, with respect to any Transfer Date, ...

Reserve Account Surplus means, for any Distribution Date, the amount, if any, by which the amount on deposit in and available to be withdrawn from the Reserve Account on such Distribution Date (after giving effect to all deposits or withdrawals to be made to or from the Reserve Account on such date other than pursuant to Section 4.12(e)) exceeds the Required Reserve Account Amount for such Distribution Date.