Aggregate Required Deposit Amount definition

Aggregate Required Deposit Amount means, for any Monthly Period, the sum for all Series, of the Required Deposit Amounts (as defined for each Series in the related Indenture Supplement) for such Monthly Period.
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Aggregate Required Deposit Amount shall have the meaning set forth in the Collateral Agency and Accounts Agreement.
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Examples of Aggregate Required Deposit Amount in a sentence

  • So long as either no Series is in an Amortization Period or the Aggregate Required Deposit Amount for the related Monthly Period has been deposited to the Collection Account, on any Business Day, the Issuer may apply (or hold in the Collection Account or any Series Account for later application) Shared Principal Collections as principal with respect to any Variable Interest.

  • If on any Business Day the Issuer determines that the Aggregate Required Deposit Amount for any Monthly Period is less than the Aggregate Required Deposit Amount as previously calculated by the Issuer, then the Issuer shall within two Business Days thereafter pay to the holder(s) of the Transferor any funds on deposit in the Collection Account in excess of the Aggregate Required Deposit Amount.

  • If on any Business Day the Issuer determines that the Aggregate Required Deposit Amount for any Monthly Period is less than the Aggregate Required Deposit Amount as previously calculated by the Issuer, then the Issuer shall within two Business Days thereafter pay to the Holder(s) of the Transferor Interest any funds on deposit in the Collection Account in excess of the Aggregate Required Deposit Amount.

  • The Company shall not withdraw or release funds from the Collection Account unless the amount remaining on deposit therein is at least equal to the Aggregate Required Deposit Amount and such withdraw or release is permitted by the terms of the Collateral Agency and Accounts Agreement.