Seller Optional Deposit. On or prior to any Distribution Date, the Seller may, but shall not be obligated to, make an optional deposit (each, a “Seller Optional Deposit”) to the Reserve Account from funds to be released to the Seller pursuant to Section 5.05(c)(xiii) on such Distribution Date or otherwise. Any Seller Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Reserve Account on the related Distribution Date in accordance with Section 5.06.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-A), Sale and Servicing Agreement (Keycorp Student Loan Trust 2000-B)
Seller Optional Deposit. On or prior to any Distribution Date, the Seller may, but shall not be obligated to, make an optional deposit (each, a “"Seller Optional Deposit”") to the Reserve Account from funds to be released to the Seller pursuant to Section 5.05(c)(xiii5.05(c)(xii) on such Distribution Date or otherwise. Any Seller Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Reserve Account on the related Distribution Date in accordance with Section 5.06.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Mellon Bank N A), Sale and Servicing Agreement (Key Bank Usa National Association)
Seller Optional Deposit. On or prior to any Distribution Date, the Seller may, but shall not be obligated to, make an optional deposit (each, a “"Seller Optional Deposit”") to the Reserve Account from funds to be released to the Seller pursuant to Section 5.05(c)(xiii5.05(c)(xiv) on such Distribution Date or otherwise. Any Seller Optional Deposit shall be applied on the related Distribution Date in the same manner as other funds on deposit in the Reserve Account on the related Distribution Date in accordance with Section 5.06.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Key Bank Usa National Association)
