Common use of Reserve Deposits and Withdrawals Clause in Contracts

Reserve Deposits and Withdrawals. (a) On the 2013-A Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2013-A), Servicing Supplement (Ford Credit Auto Lease Trust 2013-A)

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Reserve Deposits and Withdrawals. (a) On the 20132012-A B Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount Initial Deposit in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2012-B), Servicing Supplement (Ford Credit Auto Lease Trust 2012-B)

Reserve Deposits and Withdrawals. (a) On the 20132012-A Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in Initial Deposit into the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2012-A), Servicing Agreement (Ford Credit Auto Lease Trust 2012-A)

Reserve Deposits and Withdrawals. (a) On the 20132014-A B Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such that Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such that Payment Date pursuant to under Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2014-B), Servicing Supplement (Ford Credit Auto Lease Trust 2014-B)

Reserve Deposits and Withdrawals. (a) On the 2013-A B Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2013-B), Servicing Agreement (Ford Credit Auto Lease Trust 2013-B)

Reserve Deposits and Withdrawals. (a) On the 20132014-A Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2014-A), Servicing Agreement (Ford Credit Auto Lease Trust 2014-A)

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Reserve Deposits and Withdrawals. (a) On the 20132015-A Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such that Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such that Payment Date pursuant to under Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2015-A), Servicing Agreement (Ford Credit Auto Lease Trust 2015-A)

Reserve Deposits and Withdrawals. (a) On the 20132015-A B Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such that Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such that Payment Date pursuant to under Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 2 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B)

Reserve Deposits and Withdrawals. (a) On the 2013-A 20__-_ Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account from the net proceeds of the sale of the Notes. (b) At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such that Payment Date and will instruct the Indenture Trustee to withdraw such amount from the Reserve Account and apply it in accordance with Section 5.1 of the Exchange Note Supplement. (c) At least two Business Days before each Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such that Payment Date pursuant to under Section 5.1 of the Exchange Note Supplement and Section 8.2 of the Indenture.

Appears in 1 contract

Samples: Servicing Supplement (CAB West LLC)

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