Required Reserve Account Amount Sample Clauses

Required Reserve Account Amount. 47. Lesser of: (a or b) a. $0.00 $
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Required Reserve Account Amount. 49. Required Reserve Account Amount (1.00% of Initial Pool Balance) $
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Required Reserve Account Amount. On any date of determination on and after the date of initial Loan, the greater of (i) Reserve Account Deposit Amount and (ii) 1% multiplied by the Net Receivables Balance.
Sample 1

Related to Required Reserve Account Amount

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Disbursements from Replacement Reserve Account (a) Lender shall make disbursements from the Replacement Reserve Account to pay Borrower only for the costs of the Replacements. Lender shall not be obligated to make disbursements from the Replacement Reserve Account to reimburse Borrower for the costs of routine maintenance to the Property or for costs which are to be reimbursed from the Required Repair Fund (if any).

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