Common use of Application of Reserve Fund and Available Subordinated Amount Clause in Contracts

Application of Reserve Fund and Available Subordinated Amount. (a) If the Investor Non-Principal Collections and Investment Proceeds on any Distribution Date are not sufficient to make the entire distributions required on such Distribution Date by clauses (i), (ii), (iii) and (v) of Section 4.06(a) hereof, the Servicer shall by written instruction cause the Trustee to withdraw funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions pursuant to clauses (i), (ii), (iii) and (v) of Section 4.06(a) hereof.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Bombardier Credit Receivables Corp), Pooling and Servicing Agreement (Bombardier Credit Receivables Corp), Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)

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