Initial Reserve Account Deposit. On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Reserve Balance into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 61 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-D), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-D), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)
Initial Reserve Account Deposit. On the Closing Date, the Depositor Trust will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 44 contracts
Samples: Indenture (Verizon Master Trust), Indenture (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)
Initial Reserve Account Deposit. On the Closing Date, the Depositor will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account from the net proceeds of the sale of the Notes.
Appears in 24 contracts
Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-C)
Initial Reserve Account Deposit. On the Closing Date, the Depositor Trust will deposit or cause to be deposited the Specified Required Reserve Balance Amount into the Reserve Account [from the net proceeds of the sale of the Notes].
Appears in 2 contracts
Samples: Indenture Agreement (Verizon Master Trust), Indenture Agreement (Verizon Master Trust)
