Examples of Reserve Account Withdrawal Amount in a sentence
Initial {71} Specified Reserve Balance ([]% of the Pool Balance as of the Cutoff Date) {71} {72} Beginning of period Reserve Account balance {72} {73} Reserve Account Deposit from Collection Account {73} {74} Investment Earnings - Reserve Account {74} {75} Investment Earnings - transferred to Collection Account Available Funds {75} {76} Reserve Account Withdrawal Amount {76} {77} End of period Reserve Account balance {77} {78} Reserve Account deficiency {78} {79} Reserve Account draw amount {79} VII.
On each Payment Date, the Servicer shall instruct the Indenture Trustee to withdraw the Reserve Account Withdrawal Amount from the Reserve Account and deposit such amounts in the Indenture Collections Account to be included as Total Available Funds for that Payment Date.
On or before each Payment Date, the Indenture Trustee will withdraw from the Reserve Account the Reserve Account Withdrawal Amount and deposit such amount into the Collection Account as indicated on the related Servicer Report delivered pursuant to Section 3.7 of the Sale and Servicing Agreement.
Not later than the Business Day prior to each Payment Date, if the information set forth in the related Monthly Report discloses a Reserve Account Withdrawal Amount, the Trustee shall withdraw such amount (to the extent of funds on deposit) from the Reserve Account for deposit in the Certificate Account on the Payment Date.
Subject to the total amount on deposit in the Reserve Account with respect to each Distribution Date the Indenture Trustee shall withdraw funds from such Reserve Account and deposit in the Note Distribution Account an amount equal to the excess (the "Reserve Account Withdrawal Amount") of (A) the sum of the Trust Fees and Expenses and the Required Distribution Amount, over (B) the Available Collection Amount.