Reserve Draw Amount definition

Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

Reserve Draw Amount means, with respect to each Transfer Date relating to the Controlled Accumulation Period or the first Transfer Date relating to the Early Amortization Period, the amount, if any, by which the Principal Accumulation Investment Proceeds for such Payment Date are less than the Covered Amount determined as of such Transfer Date.

Reserve Draw Amount means, with respect to each Transfer Date relating to the Controlled Accumulation Period or the first Transfer Date relating to the Early Amortization Period, the amount, if any, by which the Principal Accumulation Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Transfer Date.

Examples of Reserve Draw Amount in a sentence

• If for any Transfer Date the Reserve Draw Amount is greater than zero, the Reserve Draw Amount, up to the Available Reserve Account Amount, shall be withdrawn from the Reserve Account on such Transfer Date by the Indenture Trustee (acting in accordance with the written instructions of the Servicer) and deposited into the Finance Charge Account for application as Available Finance Charge Collections for such Transfer Date.

• On or before each Transfer Date with respect to the Controlled Accumulation Period and on or before the first Transfer Date with respect to the Early Amortization Period, the Servicer shall calculate the Reserve Draw Amount; provided however, that such amount will be reduced to the extent that funds otherwise would be available for deposit in the Reserve Account under Section 4.4(a)(ix) with respect to such Transfer Date.

More Definitions of Reserve Draw Amount

Reserve Draw Amount shall have the meaning specified in subsection ------------------- 4.17(c) of the Agreement.

Reserve Draw Amount means, with respect to each Distribution Date relating to the Controlled Accumulation Period or the first Distribution Date relating to the Early Amortization Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Distribution Date.

Reserve Draw Amount means, with respect to each Distribution Date following any Monthly Period during which amounts targeted to be deposited into the Principal Funding Account pursuant to Section 3.08 for any prior Monthly Period remain on deposit in the Principal Funding Account or the first Distribution Date after an Early Redemption Event or an Event of Default and acceleration occurs, the amount, if any, by which the Principal Funding Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Distribution Date.

Reserve Draw Amount means, with respect to each

Reserve Draw Amount shall have the meaning specified in Clause 5.22(c);

Reserve Draw Amount shall have the meaning specified in Section 4.11(c).

Reserve Draw Amount means, with respect to each Distribution Date ------------------- relating to the Controlled Accumulation Period or the first Distribution Date relating to the Rapid Amortization Period, the amount, if any, by which the Principal Accumulation Investment Proceeds for such Distribution Date are less than the Covered Amount determined as of such Distribution Date.