Supplemental Purchase Account Initial Deposit definition

Supplemental Purchase Account Initial Deposit means $[____], which is equal to the excess, if any, of (x) the Pool Balance as of the Statistical Cutoff Date over (y) the Initial Cutoff Date Pool Balance; provided that such amount is not in excess of 5% of the Pool Balance as of the Statistical Cutoff Date.
Sample 1Sample 2
Supplemental Purchase Account Initial Deposit means $26,968,513.54, which is equal to the excess, if any, of (x) the Pool Balance as of the Statistical Cutoff Date over (y) the Initial Cutoff Date Pool Balance; provided that such amount is not in excess of 5% of the Pool Balance as of the Statistical Cutoff Date.
Sample 1
Supplemental Purchase Account Initial Deposit means $16,551,339.14, which is equal to the excess, if any, of (x) the Pool Balance as of the Statistical Cutoff Date over (y) the Initial Cutoff Date Pool Balance; provided that such amount is not in excess of 5% of the Pool Balance as of the Statistical Cutoff Date. The Supplemental Purchase Account Initial Deposit will be subject to adjustment in accordance with Section 2.3(k) of the Administration Agreement.
Sample 1

Examples of Supplemental Purchase Account Initial Deposit in a sentence

  • The Supplemental Purchase Account Initial Deposit made on the Closing Date will be calculated using the Initial Cutoff Date Pool Balance and is expected to be greater than the required deposit.

  • On the Closing Date, the Issuer shall deposit the Supplemental Purchase Account Initial Deposit into the Supplemental Purchase Account.

  • The reflectors are also affected by dust as this decreases there visibility and can be a potential safety hazard.Madhavan et al.

  • The Initial Payment for the Initial Loans shall equal $1,980,674,548.81 (equal to $2,021,210,235.25 (representing the sale price of the Notes less underwriters' discounts and fees), less $5,012,023 (representing the Reserve Account Initial Deposit), less $5,205,000 (representing the Collection Account Initial Deposit) and less $30,318,663.44 (representing the Supplemental Purchase Account Initial Deposit).

  • The Initial Payment for the Initial Loans shall equal $2,948,109,716.21 (equal to $3,021,991,509.50 (representing the sale price of the Notes less underwriters’ discounts and fees), less $7,507,007 (representing the Reserve Account Initial Deposit), less $6,400,000 (representing the Collection Account Initial Deposit), less $17,000,000 (representing the Capitalized Interest Account Deposit) and less $42,974,786.29 (representing the Supplemental Purchase Account Initial Deposit).

  • The Initial Payment for the Loans shall equal $2,450,138,380.89 (equal to $2,507,136,785.50 (representing the sale price of the Notes less underwriters’ discounts and fees), less $6,255,665 (representing the Reserve Account Initial Deposit), less $8,500,000 (representing the Collection Account Initial Deposit), less $3,000,000 (representing the Capitalized Interest Account Initial Deposit) and less $39,242,739.61 (representing the Supplemental Purchase Account Initial Deposit).

  • The Initial Payment for the Initial Loans shall equal $2,473,658,150.68 (equal to $2,564,988,955.10 (representing the sale price of the Notes less underwriters’ discounts and fees), less $6,255,297 (representing the Reserve Account Initial Deposit), less $6,000,000 (representing the Collection Account Initial Deposit), less $61,000,000 (representing the Capitalized Interest Account Deposit) and less $18,075,507.42 (representing the Supplemental Purchase Account Initial Deposit).

  • The Initial Payment for the Loans shall equal $2,948,109,716.21 (equal to $3,021,991,509.50 (representing the sale price of the Notes less underwriters’ discounts and fees), less $7,507,007 (representing the Reserve Account Initial Deposit), less $6,400,000 (representing the Collection Account Initial Deposit), less $17,000,000 (representing the Capitalized Interest Account Initial Deposit) and less $42,974,786.29 (representing the Supplemental Purchase Account Initial Deposit).

  • The Initial Payment for the Initial Loans shall equal $[ ] (equal to $[ ] (representing the sale price of the Notes less underwriters’ discounts and fees), less $[ ] (representing the Reserve Account Initial Deposit), less $[ ] (representing the Collection Account Initial Deposit), less $[ ] (representing the Capitalized Interest Account Deposit) and less $[ ] (representing the Supplemental Purchase Account Initial Deposit).

  • Roche 2001 $300,000 $1,700,000 0 $25,653Chairmanand 2000 300,000 2,500,000 50,000 25,033President1999 300,000 2,500,00050,00025,100James S.


More Definitions of Supplemental Purchase Account Initial Deposit

Supplemental Purchase Account Initial Deposit means $2,684,123.
Sample 1
Supplemental Purchase Account Initial Deposit means the amount to be deposited in the Supplemental Purchase Account during the Supplemental Purchase period; provided that such amount is not in excess of 5% of the Pool Balance as of the Statistical Cutoff Date.
Sample 1
Supplemental Purchase Account Initial Deposit means $[_____], which is equal to the excess, if any, of (x) the Pool Balance as of the Statistical Cutoff Date over (y) the Initial Cutoff
Sample 1

Related to Supplemental Purchase Account Initial Deposit

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • 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.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Initial Reserve Account Deposit means $3,000,000.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Liquidity Account Initial Date means, with respect to any Series, the date designated as the Liquidity Account Initial Date in the Appendix for such Series.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Initial Reserve Account Deposit Amount means an amount equal to $1,554,404.20.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,653,198.45.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Aggregate Supplemental Purchase Amount with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Supplemental Loan Account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.