Specified Reserve Account Balance. For any Distribution Date, the lesser of: (i) 0.50% of the Initial Pool Balance, which equals approximately $2,075,000; and
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2021-P1)
Specified Reserve Account Balance. For any Distribution Date, the lesser of: (i) 0.50% of the Initial Pool Balance, which equals approximately $2,075,0002,025,000; and
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2020-P1), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2020-P1)
