Transfer Deposit Amount definition

Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

Transfer Deposit Amount means, with respect to any Receivable reassigned or assigned to the Seller or the Servicer, as applicable, pursuant to Section 2.04 (c) or Section 3.03, the amounts specified in such Sections.

Transfer Deposit Amount means, on any date of determination with respect to any Loan, an amount equal to the sum of (a) the Outstanding Loan Balance of such Loan, (b) accrued interest thereon through such date of determination at the Loan Rate provided for thereunder and (c) any outstanding Scheduled Payment Advances and Servicing Advances thereon that have not been waived by the Servicer entitled thereto.

Examples of Transfer Deposit Amount in a sentence

• If a Transfer Deficiency results, the Sponsor shall substitute an Eligible Substitute Mortgage Loan for the related Mortgage Loan within five Business Days of notification of the Transfer Deficiency by the Indenture Trustee or, if unable to effect this substitution, deposit into the Collection Account the Transfer Deposit Amount in immediately available funds equal to the Transfer Deficiency (or effect a combination of substitution and deposit).

• Any such deposit of such Purchase Price into the Collection Account shall be considered a Transfer Deposit Amount and shall be applied in accordance with the terms of this Agreement.

• If so, the Indenture Trustee shall notify the Sponsor of the deficiency, and the Sponsor shall transfer to the Trust within five Business Days (but only if the transfer occurs within two years of the Closing Date) Eligible Substitute Mortgage Loans or deposit into the Collection Account an amount in immediately available funds equal to the amount of the Transfer Deficiency reduced by the Asset Balance of any Eligible Substitute Mortgage Loans transferred to the Trust (the "Transfer Deposit Amount").

• Upon reassignment of any such Receivable, but only after payment by the Seller of the Transfer Deposit Amount, if any, the Trust shall automatically and without further action be deemed to sell, transfer, assign, set over and otherwise convey to the Seller, without recourse, representation or warranty, all the right, title and interest of the Trust in and to such Receivable, all Collateral Security and all moneys due or to become due with respect thereto and all proceeds thereof.

• Any amount deposited into the Collection Account in connection with the reassignment of an Ineligible Receivable shall be considered a Transfer Deposit Amount and shall be applied in accordance with Article IV and the terms of each Supplement.

More Definitions of Transfer Deposit Amount

Transfer Deposit Amount. On any date of determination with respect to any Collateral Obligation, an amount equal to the sum of the outstanding principal balance of such Collateral Obligation, together with accrued interest thereon through such date of determination, and in connection with any Collateral Obligation which is a Revolving Collateral Obligation or a Delayed Drawdown Collateral Obligation, an amount equal to the Net Exposure Amount thereof as of the applicable Cut-Off Date.

Transfer Deposit Amount means, with respect to any Distribution Date, the amount, if any, deposited into the Collection Account on such Distribution Date in connection with the reassignment of an Ineligible Receivable pursuant to Section 2.05 or 2.07(a) or the reassignment or assignment of a Receivable pursuant to Section 3.03.

Transfer Deposit Amount. As defined in Section 2.02.

Transfer Deposit Amount has the meaning given to it in Section 2.07 of the Sale and Servicing Agreement.

Transfer Deposit Amount means, with respect to each Ineligible Contract or Excess Contract, on any date of determination, the sum of the Principal Balances of such Contracts, the Booked Residual Value for each such Contract and any related outstanding Servicer Advances thereon that have not been waived by the Servicer entitled thereto.

Transfer Deposit Amount shall have the meaning specified in subsection 2.5(b).

Transfer Deposit Amount means, with respect to each Ineligible Loan and any other Loan to be repurchased at a time when it is eligible to be repurchased or replaced by a Substitute Loan on any date of determination, the sum of the Outstanding Loan Balance of such Loan, together with accrued interest thereon through such date of determination at the Loan Rate provided for thereunder, and any outstanding Servicer Advances thereon that have not been waived by the Servicer entitled thereto.