Common use of Deposits into General Reserve Account Clause in Contracts

Deposits into General Reserve Account. On or before the Closing Date, the Issuer will cause the Indenture Trustee to deposit from proceeds of the sale of the Notes an amount equal to the General Reserve Account Initial Deposit.

Deposits into General Reserve Account. On or before the Closing Date, the Issuer will cause the Indenture Trustee to deposit from proceeds of the sale of the Notes an amount equal to the General Reserve Account Initial Deposit. On or before each Transfer Date, the Indenture Trustee shall deposit in the General Reserve Account from amounts in the Prefunding Account to be released to the Issuer in respect of the Subsequent Timeshare Loans conveyed on such Transfer Date, 5.00% of the Aggregate Loan Balance of such Subsequent Timeshare Loans as of the related Subsequent Cut-Off Date.