General Reserve Ledger Sample Clauses

General Reserve Ledger. 21.1 A tranche (if any) drawn down on a relevant Closing Date by Funding 1 pursuant to a Start-Up Loan Agreement for the purposes of funding the Funding 1 General Reserve Fund (or any other similar reserve fund) will be credited to the Funding 1 General Reserve Ledger. 21.2 Amounts shall be credited to the Funding 1 General Reserve Ledger in accordance with the Funding 1 Priority of Payments above. 21.3 Amounts shall be debited to the Funding 1 General Reserve Ledger on each Funding 1 Interest Payment Date in order to be applied in accordance with the order of priority of payments set out in Schedule 3 to the Funding 1 Deed of Charge.

General Reserve Ledger. 4.1 The Cash Manager shall ensure that: (A) it shall record as a credit to the General Reserve Ledger, amounts funded by the Subordinated Loan on the Closing Date in an amount equal to the General Reserve Fund Required Amount; (B) it shall record as a credit to the General Reserve Ledger, on any Interest Payment Date after the Closing Date, amounts from Available Revenue Receipts credited to the General Reserve Fund in an amount up to the General Reserve Fund Required Amount in accordance with the Pre-Enforcement Revenue Priority of Payments; (C) it shall record as a debit to the General Reserve Ledger, the following amounts: (1) amounts withdrawn from the General Reserve Fund to be applied under the Pre-Enforcement Revenue Priority of Payments in order to remedy a Revenue Shortfall in accordance with Paragraph 3 (Revenue Shortfall) of Schedule 2 (Cash Management); (2) any General Reserve Ledger Residual Amount; and (3) any amounts withdrawn from the General Reserve Fund to be applied in accordance with the Post-Enforcement Priority of Payments. 4.2 Prior to service of an Enforcement Notice, monies standing to the credit of the General Reserve Ledger will be applied, if necessary, on each Interest Payment Date as Available Revenue Receipts in accordance with the Pre-Enforcement Revenue Priority of Payments to fund a Revenue Shortfall, if any, in accordance with Paragraph 3 (Revenue Shortfall) of Schedule 2 (Cash Management). 4.3 The Cash Manager will on each Interest Payment Date replenish the General Reserve Fund from Available Revenue Receipts in accordance with the Pre-Enforcement Revenue Priority of Payments. 4.4 On any Interest Payment Date prior to the delivery of an Enforcement Notice following the redemption in full of the Class A Notes, the Issuer will not be required to maintain the General Reserve Fund and the General Reserve Fund Required Amount will be zero, at which point, amounts standing to the credit of the General Reserve Fund will be General Reserve Ledger Residual Amounts and applied as Available Revenue Receipts in accordance with the Pre-Enforcement Revenue Priority of Payments. 4.5 Following delivery of an Enforcement Notice to the Issuer, monies standing to the credit of the General Reserve Ledger will be applied in accordance with the Post-Enforcement Priority of Payments.