Common use of Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods Clause in Contracts

Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods. (1) In respect of each Determination Period during the Pre-Liquidation Reserve Period, the Servicer shall deposit into the Series 2022-1 Liquidation Yield Reserve Account for the Series 2022-1 Ownership Interest, in accordance with and subject to the provisions of the Distribution Notice and the terms hereof, the applicable Required Yield Reserve Deposit Amount. Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 2022-1 Liquidation Yield Reserve Account for the Series 2022-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.

Appears in 1 contract

Samples: Purchase Agreement

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Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods. (1) In respect of each Determination Period during the Pre-Liquidation Reserve Period, the Servicer shall deposit into the Series 20222019-1 Liquidation Yield Reserve Account for the Series 20222019-1 Ownership Interest, in accordance with and subject to the provisions of the Distribution Notice and the terms hereof, the applicable Required Yield Reserve Deposit Amount. Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 20222019-1 Liquidation Yield Reserve Account for the Series 20222019-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.

Appears in 1 contract

Samples: Purchase Agreement

Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods. (1) In respect of each Determination Period during the Pre-Liquidation Reserve Period, the Servicer shall deposit into the Series 20222023-1 Liquidation Yield Reserve Account for the Series 20222023-1 Ownership Interest, in accordance with and subject to the provisions of the Distribution Notice and the terms hereof, the applicable Required Yield Reserve Deposit Amount. Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 20222023-1 Liquidation Yield Reserve Account for the Series 20222023-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.

Appears in 1 contract

Samples: Purchase Agreement

Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods. (1) In respect of each Determination Period during the Pre-Liquidation Reserve Period, the Servicer shall deposit into the Series 20222024-1 Liquidation Yield Reserve Account for the Series 20222024-1 Ownership Interest, in accordance with and subject to the provisions of the Distribution Notice and the terms hereof, the applicable Required Yield Reserve Deposit Amount. Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 20222024-1 Liquidation Yield Reserve Account for the Series 20222024-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.

Appears in 1 contract

Samples: Purchase Agreement

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Deposited Amounts During Pre-Liquidation Reserve, Liquidation and Amortization Periods. (1) In respect of each Determination Period during the Pre-Liquidation Reserve Period, the Servicer shall deposit into the Series 20222020-1 Liquidation Yield Reserve Account for the Series 20222020-1 Ownership Interest, in accordance with and subject to the provisions of the Distribution Notice and the terms hereof, the applicable Required Yield Reserve Deposit Amount. Subject to withdrawals in accordance with Sections 7.8(5) and 7.8(6), amounts deposited into the Series 20222020-1 Liquidation Yield Reserve Account for the Series 20222020-1 Ownership Interest during the Pre-Liquidation Reserve Period shall be invested by the Custodian, upon the direction of the Servicer, in accordance with Section 7.5.

Appears in 1 contract

Samples: Purchase Agreement

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