Examples of Initial Deposit in a sentence
On the Closing Date, the Issuer shall deposit the Reserve Account Initial Deposit into the Reserve Account.
On the Closing Date, the parties will establish the Replacement Reserve Fund and Borrower will pay the Initial Deposit to Lender for deposit into the Replacement Reserve Fund.
On the Closing Date, the Issuer shall deposit the Capitalized Interest Account Initial Deposit into the Capitalized Interest Account.
On the Closing Date, the Issuer shall deposit the Collection Account Initial Deposit into the Collection Account.
On the Closing Date, the Depositor will use the net proceeds of the sale of the Notes and the Trust Certificates to make a capital contribution to the Issuing Entity, which the Issuing Entity shall use to cause the Initial Deposit Amount to be deposited into the Reserve Account.