Common use of Use of Working Capital Reserve Clause in Contracts

Use of Working Capital Reserve. The Manager or (in relation to its interim servicing obligations) the Initial Member may direct the Company to withdraw funds from the Working Capital Reserve Account (including, as applicable, through release of such funds into the Collection Account) only to cover Working Capital Expenses in accordance with Section 3.6

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

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Use of Working Capital Reserve. The Manager or (in relation to its interim servicing Servicing rights or obligations) the Initial Member (including as Transferor) may direct the Company to withdraw funds from the Working Capital Reserve Account (including, as applicable, through release of such funds into the Collection Account) only to cover Working Capital Expenses in accordance with Section 3.6

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement

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