Examples of Expense Reserve Amount in a sentence
On the Closing Date, the Issuer shall have delivered the Expense Reserve Amount to the Trustee for deposit in the Expense Reserve Account.
On the Closing Date, proceeds of the Loan in an amount equal to the Securitization Expense Reserve Amount shall be deposited into the Securitization Expense Sub-Account.
The Trustee shall, on the Determination Date immediately preceding each Payment Date (other than the final Payment Date), withdraw any amount from the Supplemental Expense Reserve Account in excess of the Supplemental Expense Reserve Amount (determined as of such Determination Date) and deposit such amount in the Interest Collection Subaccount as Interest Proceeds.
The Post-Closing Expense Reserve Amount shall be used only in accordance with the Wind-Down Budget.
At the Subsidiary Merger Effective Time, each then outstanding option to purchase capital stock of Amerifit, whether vested or unvested (an “Option”), will be cancelled in exchange for an amount in cash, to set forth opposite the name of such Option holder on Exhibit 3.2(c) (less applicable withholding and the portion of the Escrow Amount and the Expense Reserve Amount allocated to such Option holder as set forth on Exhibit 3.2(c).