Insurer Optional Deposit means, with respect to any Distribution Date, an amount delivered by the Insurer pursuant to Section 5.11, at its sole option, other than amounts in respect of an Insured Payment (as defined in the Note Policy), to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date; or (ii) to include such amount as part of the Additional Funds Available for such Distribution Date to the extent that without such amount a draw would be required to be made on the Note Policy.

Insurer Optional Deposit means, for any Distribution Date, an amount other than an Insured Payment delivered by the Insurer, at its sole option, for deposit into the Collection Account for any of the following purposes: to provide funds to pay the fees or expenses of any of the Issuer's service providers for the Distribution Date; or to include those amounts as part of Additional Funds Available for the Distribution Date to the extent that without them a draw would be required to be made on the Note Policy.

Insurer Optional Deposit has the meaning specified in Section 5.10 of this Agreement.

Examples of Insurer Optional Deposit in a sentence

Withdrawal from Spread Account for Insurer Optional Deposit 0.00 0.00 3,000,000.00 3,000,000.00 ix.
The Insurer will at any time, and from time to time, with respect to a Distribution Date, have the option (but will not be required, except in accordance with the terms of the Note Policy) to deliver an Insurer Optional Deposit to the Indenture Trustee for deposit into the Collection Account.
Withdrawal from Spread Account for Insurer Optional Deposit 0.00 0.00 1,230,028.83 1,230,028.83 ix.
Withdrawal from Spread Account for Insurer Optional Deposit 0.00 0.00 1,845,043.24 615,014.41 ix.
Withdrawal from Spread Account and/or Payment Provider Commitment for Insurer Optional Deposit 0.00 0.00 2,627,890.00 4,057,490.73 xi.

More Definitions of Insurer Optional Deposit

Insurer Optional Deposit means, with respect to any Distribution Date, an amount delivered by the Insurer pursuant to Section 5.12, at its sole option, other than amounts in respect of a Note Policy Claim Amount to the Trust Collateral Agent for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date; or (ii) to include such amount as part of the Distribution Amount for such Distribution Date to the extent that without such amount a draw would be required to be made on the Note Policy.

Insurer Optional Deposit means, with respect to any Payment Date, an amount delivered by the Insurer pursuant to Section 5.12, at its sole option, other than amounts in respect of a Note Policy Claim Amount to the Trustee for deposit into the Collection Account.

Insurer Optional Deposit has the meaning ascribed thereto in Section 5.17 hereof.

Insurer Optional Deposit. With respect to any Payment Date, an amount delivered by the Insurer, at its sole option, other than amounts in respect of a Note Policy Claim Amount, for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Payment Date; or (ii) to include such amounts as part of the Additional Funds Available for such Payment Date to the extent that without such amount a draw would be required to be made on the Note Policy.

Insurer Optional Deposit means, with respect to any Distribution Date, an amount delivered by the Insurer pursuant to Section 5.11, at its sole option, other than amounts in respect of a Note Policy Claim Amount, to the Trust Collateral Agent for deposit into the Collection Account for the purpose of including such amount as part of the Additional Funds Available for such Distribution Date to the extent that without such amount a draw would be required to be made on the Note Policy.

Insurer Optional Deposit means, with respect to any Settlement Date, an amount delivered by FSA, at its sole option, in respect of a Policy Claim Amount to the Backup Servicer for application in accordance with Section 2.03(c) for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services with respect to such Settlement Date or (ii) in lieu of the Administrative Agent making a draw on the Policy.

Insurer Optional Deposit means, with respect to any Distribution Date, an amount delivered by the Insurer, at its sole option, other than pursuant to the Policy for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Distribution Date; or (ii) to include such amount as part of the Distribution Amount for such Distribution Date to the extent that without such amount a draw would be required to be made on the Policy.