Collateral Account Amount definition

Collateral Account Amount means the amount required to be held in the Collateral Account being the amount specified by Modulr and notified to Introduced Client from time to time.
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Collateral Account Amount has the meaning set out in Clause 2.5 (Opening of Collateral Account).
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Collateral Account Amount means any amounts deposited in the Collateral Account, including, (i) any amounts deposited into the Collateral Account pursuant to clauses (b) of Section 2.2.1 and clauses (a), (c), (e), (f), (g) and (h) of Section 3.1.1, (ii) any accrued interest on such amounts (less any Taxes payable thereon), and (iii) any other amount set aside, accreted in interest or deposited in the Collateral Account.
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Examples of Collateral Account Amount in a sentence

  • These hours will not include the time the driver spends “training” or “practicing” for the driving performance evaluation.

  • The Collateral Account Bank shall not be under any duty to give the Collateral Account Amount any greater degree of care than it gives to amounts held for its general banking customers and shall have no obligation whatsoever to procure or monitor compliance by any other Party to this Agreement with their respective obligations hereunder or otherwise.

  • All amounts for the time being deposited and held in the Collateral Accounts, including all interest accrued thereon and applied to the Collateral Accounts from time to time, shall together form the Collateral Account Amount.

Related to Collateral Account Amount

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • 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.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).