Reserve Fund Amount definition

Reserve Fund Amount means, with respect to any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Fund on such Payment Date (after giving effect to all deposits to and withdrawals from the Reserve Fund on the preceding Payment Date (or, in the case of the first Payment Date, the Closing Date), including all interest and other investment earnings (net of losses and investment expenses) earned on such amount on deposit therein during the related Collection Period.

Reserve Fund Amount means, on each Guarantor Payment Date, an amount, as calculated by the Calculation Agent on or prior to each Calculation Date, equal to:

Reserve Fund Amount means, on each Guarantor Payment Date, an amount equal to the sum of:

Examples of Reserve Fund Amount in a sentence

• The Trustee, at the direction of the Servicer, shall make withdrawals from the Swap Reserve Fund from time to time in an amount up to the Available Swap Reserve Fund Amount in the amounts and at the times set forth in this Section 4.16.

• On the Closing Date, the Depositor will cause, on behalf of the Trust, the Basis Risk Shortfall Reserve Fund Amount to be deposited into the Basis Risk Shortfall Reserve Fund.

• In the event that for any Transfer Date the Swap Reserve Draw Amount is greater than zero, the Swap Reserve Draw Amount, up to the Available Swap Reserve Fund Amount, shall be withdrawn from the Swap Reserve Fund on such Transfer Date by the Trustee (acting in accordance with the instructions of the Servicer), and deposited into the Finance Charge Account and treated as Class A Available Funds for such Transfer Date to be applied pursuant to subsection 4.09(a).

• On the Closing Date, the Depositor will cause, on behalf of the Trust, the Carryover Shortfall Reserve Fund Amount to be deposited into the Carryover Shortfall Reserve Fund.

• On each Transfer Date, all interest and earnings (net of losses and investment expenses) accrued since the preceding Transfer Date on funds on deposit in the Swap Reserve Fund shall be retained in the Swap Reserve Fund (to the extent that the Available Swap Reserve Fund Amount (prior to taking into account any such interest and earnings) is less than the Required Swap Reserve Fund Amount) and the balance, if any, shall be paid to the Seller on such Transfer Date.

More Definitions of Reserve Fund Amount

Reserve Fund Amount means, on each Guarantor Payment Date, an amount calculated by the Guarantor Calculation Agent as being equal to the sum of:

Reserve Fund Amount has the meaning specified in the Sale and Servicing Agreement.

Reserve Fund Amount means, on each Guarantor Payment Date, an aggregate amount, as calculated by the Calculation Agent on or prior to each Calculation Date in relation to all the outstanding Series of Covered Bonds, equal to:

Reserve Fund Amount. As defined in Section 5.07.

Reserve Fund Amount means, initially as of the Closing Date, $1,624,967 (representing the Reserve Fund Initial Deposit) and thereafter, at any date of determination, means an amount equal to the lesser of (a) the Reserve Fund Initial Deposit, and (b) the aggregate Principal Amount of the Notes as of such date of determination.

Reserve Fund Amount means, initially as of the Closing Date, $8,025,000 (representing the Reserve Fund Initial Deposit) and thereafter, at any date of determination, means an amount equal to the lesser of (a) the Reserve Fund Initial Deposit, and (b) the Aggregate Principal Amount of the Notes as of such date of determination.

Reserve Fund Amount means an amount equal to the following: (a) during the Revolving Period, $10,000,000 (or, in the event a Replacement Series has been issued in repayment of a Class, such number multiplied by a fraction, the numerator of which is the Invested Amount of the remaining Class and the denominator of which is the Invested Amount as of the Business Day prior to the distribution made in repayment of such replaced Class), or $15,000,000 in the event that Adjusted Net Revenues-Membership Revenues as of the end of any Monthly Period shall have fallen below the NRMR Reserve Fund Trigger for such Monthly Period (or, in the event a Replacement Series has been issued in repayment of a Class, such number multiplied by a fraction, the numerator of which is the Invested Amount of the remaining Class and the denominator of which is the Invested Amount as of the Business Day prior to the distribution made in repayment of such replaced Class); and (b) upon the commencement of and during the Amortization Period, the result of (i) an amount equal to the Reserve Fund Amount as of the last day of the Revolving Period (or, in the event a Replacement Series has been issued in repayment of a Class, such number multiplied by a fraction, the numerator of which is the Invested Amount of the remaining Class and the denominator of which is the Invested Amount as of the Business Day prior to the distribution made in repayment of such replaced Class), minus (ii) the aggregate amount of withdrawals from the Reserve Fund after the commencement of the Amortization Period; provided, however, that the Reserve Fund Amount amounts described above shall never exceed the Outstanding Certificate Amount.