Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 0.50% of the Initial Securitization Value.
Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 0.50% (or such other higher percentage as may be determined by the Depositor, in its sole discretion, on or prior to the Closing Date) of the Initial Securitization Value.
Required Reserve Account Balance means, as of any date, an amount equal to the product of (a) 1.0% times(b) the aggregate Securitization Value of all outstanding Warehouse SUBI Leases on such date, after giving effect to the allocation (if any) of a Lease Pool to the Warehouse SUBI on such date and a Securitization Take-Out (if any) on such date; provided that (1) on any date on and after the date on which any Commitments terminate, the Required Reserve Account Balance shall be an amount equal to the Required Reserve Account Balance in effect on the day immediately preceding such date on which such Commitments terminate, and (2) on any date on and after the payment of all funds in the Reserve Account to the Lenders following the maturity of the Loan Balance has been accelerated after the occurrence of an Event of Default, the Required Reserve Account Balance shall be zero.
Examples of Required Reserve Account Balance in a sentence
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ -- 11.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ -- B.
If on any Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account, the amount on deposit in the Reserve Account exceeds the Required Reserve Account Balance, the Indenture Trustee shall distribute any such excess to or at the direction of the Certificateholder.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ - 11.
Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ - B.
More Definitions of Required Reserve Account Balance
Required Reserve Account Balance means an amount equal to the sum of (A) the product of (i) 1.45% and (ii) the Net Investment related to the Initial Funding (after application of funds pursuant to Section 5.1 on the related Remittance Date), (B) the product of (i) 1.00% and (ii) the Net Investment related to the sum of all Subsequent Fundings (after application of funds pursuant to Section 5.1 on the related Remittance Date), and (C) the Supplemental Reserve Requirement.
Required Reserve Account Balance and replacing it with the following:
Required Reserve Account Balance. On any day, an amount equal to the product of (a) 2.00% and (b) the Net Investment on such date of calculation (after giving effect to any increase in the Net Investment on such date of determination).
Required Reserve Account Balance means with respect to any Payment Date, [an amount equal to [ ]% of the [Initial] Securitization Value][, provided that, with respect to any Payment Date after the date on which the Outstanding Amount of the Class [___] Notes is paid in full, [[ ]% of the [Initial] Securitization Value][___]% of the Pool Balance for that Payment Date].]
Required Reserve Account Balance means, in respect of any Series held by the Trust, on any day (i) during a related Reserve Period when the related Excess Spread Percentage is (w) less than 5.0% but equal to or greater than 4.0%, 2.0%, (x) less than 4.0% but equal to or greater than 3.0%, 3.0%, (y) less than 3.0% but equal to or greater than 2.0%, 4.0%, and (z) less than 2.0%, 5.0%, in each case of the related Invested Amount on such day, (ii) during the related Pre- Accumulation Reserve Period, an amount equal to the sum of (x) the related Required Pre-Accumulation Amount; and (y) the aggregate amounts deposited into the related Reserve Account under this clause (ii) prior thereto, and (iii) at any other time, zero.
Required Reserve Account Balance means, as of any date, an amount equal to the product of (a) 1.0% times
Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 1.50% of the aggregate Securitization Value as of the end of the related Collection Period.