Deposit Obligation definition

Deposit Obligation means the obligation of the Seller to make ------------------ any deposit to the Excess Funding Account pursuant to subsections 2.4(d) or ------------------ 4.3(e), and the obligation of the Servicer to make any payment or transfer ------ of Collections to the Collection Account or Distribution Account pursuant to this Agreement.
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Deposit Obligation means the obligation of the Transferor to make any deposit to the Excess Funding Account pursuant to Sections 2.4(e) or 4.3(g) of the Agreement.
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Deposit Obligation therein to read, respectively, as follows:
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Examples of Deposit Obligation in a sentence

  • If the Seller or the Servicer shall --------------------------------- fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

  • If the Seller or the Servicer --------------------------------- shall fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

  • With regard to the proration of the FDIC Assessment, the amount for which Purchaser is responsible shall include, that portion of the FDIC Assessment payable by Seller on the payment date next succeeding the Closing Date in respect to the portion of Seller's FDIC Assessment attributable to the Deposit Obligation for the period subsequent to the Closing Date; and such proration shall be based on the FDIC Assessment rates payable by Seller.

  • If the Seller or the --------------------------------- Servicer shall fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

  • The undersigned covenant and agree that the Deposit Obligation has terminated in its entirety, that no sums are owed on the Deposit Obligation, that all obligations of STMV under the Letter of Intent have been performed, and that there is no further obligation to perform any action pursuant to the Deposit Obligation or the Letter of Intent.

  • I/we, whether individually, jointly or severally, agree to indemnify the Bank against any loss, claims, damages, liabilities, actions and proceedings, legal and or other expense which may be directly or reasonably incurred as a consequence of such disclosure on the Bank’s part.

  • In the event that any deposit with the Paying Agent in respect of the Deposit Obligation is rescinded or must otherwise be returned for any reason whatsoever, the Guarantors shall remain liable hereunder with respect to the Deposit Obligation as if such deposit had not been made.

  • If on such date the Total Deficiency Amount exceeds zero (such deficiency, the "Shortfall"), the Class C Investor Amount will be reduced by the lesser of (i) the sum of (x) the Investor Default Amount and (y) the applicable Series Share of the amount of any unpaid Deposit Obligation in respect of the preceding Monthly Period and (ii) such Shortfall (together with any amount allocated to the Class C Investor Amount in accordance with the last sentence of Section 4.11, a "Class C Investor Charge Off").