On the Closing Date, the Issuer shall deposit the Future Distribution Account Initial Deposit, if any, into the Future Distribution Account.
On the Closing Date, the Administrator shall cause the Trust to deposit the Future Distribution Account Initial Deposit into the Future Distribution Account.
Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.
Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).
Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.
Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.
Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.
Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).
Initial Deposit shall have the meaning set forth in Section 2.5(a).
Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].
Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.
Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.
Funding Account has the meaning assigned to such term in Section 4.01(h).
Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.
Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.
Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).
Seller Account shall have the meaning set forth in the preamble of this Agreement.
Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.
Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.
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.
Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.
Initial Reserve Account Deposit means $3,250,000.
Initial Account has the meaning specified in the Transfer Agreement.
Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.
Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.
Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.
Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.