Examples of Total Required Payment in a sentence
Any amounts remaining in the Collection Account after giving effect to the payment of the Total Required Payment and depositing amounts in the Reserve Account to the extent necessary to replenish it to the Specified Reserve Balance will first be applied to retire the Class A-1 Notes and the Class A-2 Notes in full.
Any amounts remaining in the Collection Account after giving effect to the payment of the Total Required Payment and depositing amounts in the Reserve Account to the extent necessary to replenish it to the Specified Reserve Balance will first be applied to retire the Class A-1 Notes in full.
Withdrawals from Reserve Account (Total Required Payment minus Available Funds) $ -- D.
Each payment period, the Seller will be entitled to receive any remaining portion of funds on deposit in the Collection Account after (i) the Total Required Payment has been made, (ii) the Reserve Account's balance has been restored, if necessary, to the Specified Reserve Balance and (iii) the Regular Principal Distribution Amount has been deposited into the Principal Distribution Account.
Total Required Payment (i) Sum of the amounts distributable pursuant to Section 4.6, clauses (i) through (vi) of the Sale and Servicing Agreement.