Reserve Deposit Amount definition

Reserve Deposit Amount means, with respect to any Payment Date, an amount equal to (a) the Required Reserve Amount minus (b) (i) the amount in the Reserve Account on the Payment Date (before payments under Section 8.2(c) on that Payment Date) and (ii) if applicable, the amount available under any Letter of Credit on such Payment Date.
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Reserve Deposit Amount means, with respect to any Payment Date, an amount equal to (a) the Required Reserve Amount minus (b) (i) the amount in the Reserve Account on the Payment Date (before payments under Section 8.2(c) on that Payment Date) and(ii) if applicable, the amount available under any Letter of Credit on such Payment Date.
Sample 1
Reserve Deposit Amount means, with respect to a Realization Event, the amount by which 14% of Cumulative Net Realized Proceeds after giving effect to such Realization Event exceeds the sum of (a) the cumulative amount of DIP Repayments made after giving effect to any DIP Repayments associated with such Realization Event, (b) the cumulative amount of Non-Debtor Professional Transaction Expenses paid since the Petition Date after giving effect to any Non-Debtor Professional Transaction Expenses
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Examples of Reserve Deposit Amount in a sentence

  • On the Series 2020-1 Closing Date, the Issuer will deposit (or cause to be deposited) into the Series 2020-1 Revenue Reserve Account an amount equal to the Series 2020-1 Revenue Reserve Deposit Amount.

  • The Required Debt Service Reserve Deposit Amount shall earn interest at the rate determined by the Agent.

  • On the Closing Date, UAC Securitization Corporation shall deposit the Initial Spread Account Amount and the Pre-Funding Reserve Deposit Amount in the Spread Account.

  • Establish and maintain a Debt Service Reserve Account, and deposit and maintain the Required Debt Service Reserve Deposit Amount in such account in accordance with the provisions of Section 2.22.

  • The Initial PIP Reserve Deposit Amount shall be transferred into an Account established at Deposit Bank to hold such funds (the “Initial PIP Reserve Account”).

  • The Budget Category Amount for (i) the Completion Date funding of the Debt Service Reserve Account shall be at least the Required Initial Debt Service Reserve Deposit Amount, (ii) the Completion Date funding of the Repair and Maintenance Account shall be at least the Initial Repair and Maintenance Reserve Amount and (iii) the Heat Rate Bonus shall be $6,000,000.

  • Upon Lender’s approval of such revised project budget, the amount required to be deposited into the CAPEX Reserve Account under this Section 16.6 shall be adjusted to be an amount equal to one hundred ten percent (110%) of the total amount of the Approved Project Budget (the “Adjusted CAPEX Reserve Deposit Amount”) and Borrower shall deposit with Lender additional funds in an amount equal to the difference between the Original CAPEX Reserve Deposit Amount and the Adjusted CAPEX Reserve Deposit Amount.

  • On or before the applicable Closing Date, the Issuer shall deposit or cause to be deposited into the Liquidity Reserve Account an amount equal to the related Initial Liquidity Reserve Deposit Amount, such that the total amount on deposit therein shall equal $7,867,000.

  • On each Payment Date, commencing with the October 2004 Payment Date, if the Maximum LTV or the Debt Service Coverage Test is not satisfied, Borrower shall deposit from the Collection Account (or if the funds for such deposit are not available pursuant to Section 2.12(b), shall make an additional deposit of Borrower's funds sourced from equity capital contributions) to the Replacement Reserve Account, of an amount equal to the Replacement Reserve Deposit Amount.

  • On the Closing Date, the Issuer shall transfer the Initial Interest Reserve Deposit Amount to the Servicer for deposit into the Collection Account.

Related to Reserve Deposit Amount

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Controlled Deposit Amount means, for any Transfer Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Transfer Date and any existing Accumulation Shortfall.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.