Class A and Class B Liquidity Reserve Fund definition

Class A and Class B Liquidity Reserve Fund means the fund established on the Closing Date, which will be credited with the Class A and Class B Liquidity Reserve Fund Required Amount from part of the proceeds of the Class S Noteholders' subscription for the Class S Notes on the Closing Date;
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Class A and Class B Liquidity Reserve Fund has the meaning given to it in the Administration Agreement.
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Class A and Class B Liquidity Reserve Fund has the meaning given to it in the Administration Agreement;
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Examples of Class A and Class B Liquidity Reserve Fund in a sentence

  • Redemption of the Class X Notes in such a scenario will be subject to the availability of funds standing to the credit of the Class A and Class B Liquidity Reserve Fund and the General Reserve Fund at such time.

  • Once the Class A and B Notes have been fully repaid, the remaining balance in the Class A and Class B Liquidity Reserve Fund is credited to the Revenue Ledger to then run through the Revenue priority of payments.

  • Firstly, the Class A and Class B Liquidity Reserve Fund will amortise, then once this has been fully amortised, the General Reserve Fund will then amortise.

  • The excess amounts from the Class A and Class B Liquidity Reserve Fund (comparing the values from one IPD to the next IPD) will be credited to the Revenue Ledger on each Interest Payment Date.

Related to Class A and Class B Liquidity Reserve Fund

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.