Liquidity Reserve Draw Amount means, with respect to any Payment Date and as calculated as of the immediately preceding Reporting Date, any amounts pursuant to clauses (i), (iii) and (iv) of the Priority of Payments that would be due and unpaid after accounting for all distributions pursuant to the Priority of Payments on such Payment Date, assuming that the only funds distributed pursuant to the Priority of Payments are the related Retained Collections and any funds from a Yield Maintenance Reserve Account.
Liquidity Reserve Draw Amount means, on any Payment Date, an amount equal to the excess, if any, of (a) the amounts due pursuant to Sections 5.01(a)(i), (iii) and (iv) over (b) the sum of (x) the aggregate amount of funds on deposit in the Collection Account that are attributable to the preceding Collection Period and (y) any amounts available to be withdrawn on such Payment Date from a Yield Maintenance Reserve Account, and in each case available to pay such amounts on such Payment Date.
Examples of Liquidity Reserve Draw Amount in a sentence
Any Retained Collections Contribution will be required to be retained in the Liquidity Reserve Account until the earlier of (i) one year after its related deposit date, and (ii) such Retained Collections Contribution being required to be used to satisfy any Liquidity Reserve Draw Amount.