Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “Optional Deposit”) to the Group I or Group II Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(9) or 5.05(c)(Y)(11), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Group I or Group II Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (KeyCorp Student Loan Trust 2005-A)
Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “"Optional Deposit”") to the Group I or Group II Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(95.05(c)(X)(13) or 5.05(c)(Y)(115.05(c)(Y)(15), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Group I or Group II Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
ARTICLE VI The Administrator and the Depositor
Appears in 1 contract
Samples: Sale and Servicing Agreement (Key Bank Usa National Association)
Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “Optional Deposit”) to the [Group I I] or [Group II II] Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(9) or 5.05(c)(Y)(11), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the [Group I I] or [Group II II] Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Key Consumer Receivables LLC)
Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “Optional Deposit”) to the Group I or Group II Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(95.05(c)(X)(13) or 5.05(c)(Y)(115.05(c)(Y)(15), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Group I or Group II Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2003-A)
Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “Optional Deposit”) to the Group I or Group II Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(95.05(c)(X)(13) or 5.05(c)(Y)(115.05(c)(Y)(14), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Group I or Group II Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2002-A)
Optional Deposit. On or prior to any Distribution Date, the Certificateholder (but only if the Certificateholder is the Depositor or an Affiliate of the Depositor) may, but shall not be obligated to, make an optional deposit (each, an “Optional Deposit”) to the Group I or Group II Reserve Account, as applicable, from funds to be released to the Certificateholder pursuant to Sections 5.05(c)(X)(9) or 5.05(c)(Y)(115.05(c)(Y)(13), as applicable, on such Distribution Date or otherwise. Any such Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Group I or Group II Reserve Account, as the case may be, on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2004-A)