Collection Account Initial Deposit definition

Collection Account Initial Deposit means (i) $760,000 plus (ii) $0 (representing the excess, if any, of the Pool Balance as of the Statistical Cutoff Date over the Pool Balance as of the Closing Date, to the extent such excess amount is not deposited into the Supplemental Purchase Account).

Collection Account Initial Deposit means $2,300,000 plus $0, which is the excess of the pool balance as of the Statistical Cutoff Date over the Initial Pool Balance.

Collection Account Initial Deposit means $0.

Examples of Collection Account Initial Deposit in a sentence

• On the Closing Date, the Issuer shall deposit the Collection Account Initial Deposit into the Collection Account.

• On the Closing Date, the Administrator shall cause the Trust to deposit the Collection Account Initial Deposit into the Collection Account.

• On the Closing Date, the Depositor shall deposit, or cause to be deposited, the Collection Account Initial Deposit into the Collection Account.

• In consideration of the Purchase Price, the Seller shall, upon receipt of the Purchase Price, deposit (1) the Reserve Account Initial Deposit into the Reserve Account, (2) the Collection Account Initial Deposit into the Collection Account and (3) the Capitalized Interest Account Initial Deposit into the Capitalized Interest Account.

• On the Closing Date, the Administrator shall cause the Trust to deposit the Collection Account Initial Deposit, if any, into the Collection Account.

More Definitions of Collection Account Initial Deposit

Collection Account Initial Deposit means $________________ plus the excess, if any, of the Pool Balance as of the Statistical Cutoff Date over the Pool Balance as of the Closing Date, to the extent such excess amount is not deposited into the Supplemental Purchase Account.

Collection Account Initial Deposit means $5,690,000, representing amounts excluded from the Supplemental Purchase Account Initial Deposit due to the application of the proviso contained in the definition thereof.

Collection Account Initial Deposit means $2,670,000.

Collection Account Initial Deposit means $[·].

Collection Account Initial Deposit means $29,627,292.75.

Collection Account Initial Deposit means (i) $4,710,000 plus (ii) $0 (representing the excess, if any, of the Pool Balance as of the Statistical Cutoff Date over the Pool Balance as of the Closing Date, to the extent such excess amount is not deposited into the Supplemental Purchase Account). That portion of the Collection Account Initial Deposit described in clause (ii) of the preceding sentence will be subject to adjustment to reflect any adjustments to the Supplemental Purchase Account Initial Deposit made in accordance with Section 2.3(k) of the Administration Agreement.

Collection Account Initial Deposit means $3,200,000.