Reserve Account Withdrawal Amount definition

Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.
Reserve Account Withdrawal Amount means, with respect to each Payment Date, the lesser of (x) the Available Amounts Shortfall with respect to such Payment Date and (y) and the amount on deposit in the Reserve Account on such Payment Date.
Reserve Account Withdrawal Amount means, with respect to any Payment Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xiii) of Section 8.3 of the Indenture (taking into account application of Available Funds to the priority of payments specified in Section 8.3 of the Indenture and ignoring any provision thereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Payment Date prior to application of amounts on deposit therein pursuant to Section 8.3 of the Indenture; provided, that on the Reserve Account Redemption Date the Reserve Account Withdrawal Amount will equal the entire amount on deposit in the Reserve Account.

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.


More Definitions of Reserve Account Withdrawal Amount

Reserve Account Withdrawal Amount means, with respect to any Payment Date (i) on which an Available Funds Shortfall exists, an amount equal to the lesser of (a) the Reserve Account Amount and (b) the Available Funds Shortfall, (ii) following the Revolving Period Termination Date, amounts to be withdrawn from the Reserve Account under Section 2.11(c) on such Payment Date, (iii) following the occurrence of an Event of Default that has not been waived by the Administrative Agent (acting at the direction of the Required Lenders), the Reserve Account Amount, and (iv) on any other Payment Date, zero.
Reserve Account Withdrawal Amount means, with respect to each Payment Date, the lesser of (a) the amount then on deposit in the Reserve Account (prior to giving effect to any withdrawals therefrom relating to any Reserve Account Excess Amount for such Payment Date) and (b) the excess, if any, of (i) the aggregate amount required to be paid pursuant to Sections 5.06(b)(i) through (vii) on such Payment Date over (ii) the Available Collections for such Payment Date; provided that, with respect to the Payment Date occurring on the Reserve Account Pay-Down Date, the Reserve Account Withdrawal Amount shall equal the amount necessary to reduce the Outstanding Amount of the Notes to zero.
Reserve Account Withdrawal Amount means, with respect to any Monthly Allocation Date, the lesser of (x) any shortfall in the amount of Retained Collections available to pay the amounts pursuant to priorities (i) through (ix) of the Priority of Payments (taking into account application of Retained Collections pursuant to the Priority of Payments and ignoring any provision which otherwise limits the amounts described in such priorities to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Monthly Allocation Date prior to application of amounts on deposit therein.
Reserve Account Withdrawal Amount has the meaning assigned to it in Section 3.04(b).
Reserve Account Withdrawal Amount. With respect to any Distribution Date, an amount equal to the lesser of (i) the total amount on deposit in the Reserve Account or (if any) available for call or drawdown under the limited guaranty or letter of credit referred to in Section 5.07, and (ii) the excess of (A) the sum of the Trust Fees and Expenses and the Required Distribution Amount over (B) the Available Collection Amount.
Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the sum of the amounts described in clauses (i) through (v) of Section 5.4 (a) over (ii) the Available Funds for such Distribution Date and (y) the amount on deposit in the Reserve Account on such Distribution Date before taking into account any withdrawal therefrom on such Distribution Date.
Reserve Account Withdrawal Amount means, with respect to any Payment Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through [(xiii)] of Section 8.3 of the Indenture (taking into account application of Available Funds to the priority of payments specified in Section 8.3 of the Indenture and ignoring any provision thereof which otherwise limits the amounts described in such clauses to the amount of funds available)[; provided, that the amount calculated pursuant to this clause (x) shall be reduced by the amount of any such shortfall that would be payable to GM Financial or any Affiliate thereof] and (y) the amount on deposit in the Reserve Account on such Payment Date prior to application of amounts on deposit therein pursuant to Section 8.3 of the Indenture; provided, that on the Reserve Account Redemption Date the Reserve Account Withdrawal Amount will equal the entire amount on deposit in the Reserve Account.