Required Deposit Amount means, with respect to the Series issued pursuant to this Indenture Supplement, for any Monthly Period, the sum of (a) the Required Finance Charge Deposit Amount on such Date of Processing and (b) the Required Principal Deposit Amount on such Date of Processing.
Required Deposit Amount has the meaning set forth in Section 5.1(d)(ii) to the Servicing Agreement.
Required Deposit Amount means in the event that as a result of the deposit of cash collateral with the Administrative Agent pursuant to Section 2.8(i) the Borrower (i) is not required to grant a security interest in such cash collateral to any other Person, an amount equal to the LC Exposure on the date on which cash collateral is required to be deposited, or (ii) is required to grant a security interest in such cash collateral to any other Person, an amount equal to the LC Exposure on the date on which cash collateral is required to be deposited multiplied by a fraction, the numerator of which is the sum of the LC Exposure plus the principal amount of all other obligations to be secured by such cash collateral and the denominator of which is the amount of such LC Exposure.
Examples of Required Deposit Amount in a sentence
In the event of any conflict between the provisions of this Exchange Note Servicing Supplement and the Closed-End Servicing Agreement with respect to the Closed-End Exchange Note, the provisions of this Exchange Note Servicing Supplement shall prevail; provided, however, that Section 5.1(d) of the Servicing Agreement shall at all times govern the Required Deposit Amount.
In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the Closed-End Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 20[ ]-[ ] Reference Pool, the Servicer shall deposit such amounts (including, as applicable, any Required Deposit Amount) in the Exchange Note Collection Account.
The Borrowers shall fail to deposit to the Monthly Net Cash Flow Reserve Account any Monthly Net Cash Flow Required Deposit Amount, in full in immediately available funds, on the related Monthly Net Cash Flow Reserve Account Required Deposit Amount Deposit Date.
Principal Invested Subordinated Required Deposit Amount Sub-Acct.
In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the Closed-End Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 2019-A Reference Pool, the Servicer shall deposit such amounts (including, as applicable, any Required Deposit Amount) in the Exchange Note Collection Account.
More Definitions of Required Deposit Amount
Required Deposit Amount has the meaning set forth in the Servicing Agreement.
Required Deposit Amount means in the event that as a result of the deposit of cash collateral with the Administrative Agent pursuant to Section 2.9(i) the Borrower (a) is not required to grant a security interest in such cash collateral to any other Person, an amount equal to the LC Exposure on the date on which cash collateral is required to be deposited, or (b) is required to grant a security interest in such cash collateral to any other Person, an amount equal to the LC Exposure on the date on which cash collateral is required to be deposited multiplied by a fraction, the numerator of which is the sum of the LC Exposure plus the principal amount of all other obligations to be secured by such cash collateral and the denominator of which is the amount of such LC Exposure.
Required Deposit Amount means, with respect to any Monthly Period, as determined on any date of determination, the sum of (a) the Monthly Interest Proxy Amount for the related Interest Period plus, (b) the Monthly Servicing Fee Proxy Amount for such Monthly Period and any Monthly Servicing Fee previously due but not distributed to the Servicer pursuant to the Indenture or any supplement thereto, plus (c) the Series Default Proxy Amount for such Monthly Period, plus (d) the aggregate amount of Nominal Liquidation Amount Deficits (as defined in the Asset Pool 1 Supplement), plus (e) any other amounts identified in the Asset Pool 1 Supplement minus the sum of the required deposit amounts (as defined in the related series supplement), if any, for each Collateral Certificate (other than the Series 2002-CC Certificate) included in Asset Pool 1.
Required Deposit Amount means, with respect to the SynchronySeries Notes for any Monthly Period, the sum of (a) the Required Finance Charge Deposit Amount for such Monthly Period as most recently determined, and (b) the Required Principal Deposit Amount for such Monthly Period as most recently determined.
Required Deposit Amount means, with respect to the WFCardSeries Notes and with respect to any Transfer Date, the sum of (a) the Required Finance Charge Deposit Amount for the related Monthly Period as most recently determined, and (b) the Required Principal Deposit Amount for the related Monthly Period as most recently determined. To the extent any data needed to calculate the Required Deposit Amount is not available on any Date of Processing, the Issuer shall use the corresponding data as most recently determined or other reasonable estimate of such data until the required data is available (which shall be no later than the Transfer Date). Without limiting the foregoing, (x) for the purpose of determining the amount to be deposited to the Interest Funding sub-Account for any Tranche of Notes that bears interest by reference to a benchmark index rate of interest on any Date of Processing on which the applicable indexed rate has not been determined, the applicable indexed rate shall be estimated based on the assumption that the indexed rate will equal the indexed rate as most recently used to calculate the accrual of interest for such Tranche, multiplied by 1.25, (y) for the purpose of determining the amount payable to the Servicer pursuant to Section 4.01(b) prior the end of the applicable Monthly Period, on each day, the Weighted Average Available Funds Allocation Amount for such Monthly Period shall be assumed to be the Available Funds Allocation Amount on such day (adjusted upwards to reflect any increase in the Available Funds Allocation Amount which the Issuer has reason to believe will be effected during such Monthly Period, if applicable), multiplied by 1.25, and (z) for the purposes of determining the aggregate WFCardSeries Default Amount for the related Monthly Period (other than the Monthly Period in which the first tranche of WFCardSeries Notes is issued), the WFCardSeries Default Amount shall be estimated based on the assumption that the WFCardSeries Default Amount for the Monthly Period will equal the WFCardSeries Default Amount for the prior Monthly Period multiplied by 1.25, with such adjustments as may be appropriate taking into consideration any change in the Nominal Liquidation Amount of the WFCardSeries Notes since the prior Transfer Date.
Required Deposit Amount means, at any time for any Quarterly Reporting Period, the sum of (1) the amount (as estimated by Spirit) necessary to pay in full on the related Payment Date (a) all outstanding payments estimated to be due pursuant to Section 4.01(a) through (d) and (b) if a Mandatory Prepayment Event has occurred or Cash Trap Period is in effect at such time, under Section 4.01(e) through (h) and (2) the corresponding amount described in clause (1) for each Series of Senior Secured Debt other than the Notes. Solely for the Quarterly Reporting Period ended December 31, 2020, the Required Deposit Amount shall include the amount necessary to pay payments due pursuant to Section 4.01(a) through (d) for the period from the Closing Date until September 30, 2020.
Required Deposit Amount. Retreat Center: $480 Lodge: $240 River Cabins: $288/cabin