Required Reserve Account Balance definition

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.

• In the event that thereafter the Debtor shall request that the Noteholder increase its Net Investment, it shall be a condition precedent thereto that the Reserve Account be funded in an amount equal to the Required Reserve Account Balance after giving effect to any Receivables added to the Collateral in connection with such increase in the Net Investment.

• Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ -- B.

• Prior to the occurrence of a Termination Event and to the extent that amounts on deposit in the Reserve Account on any Remittance Date, after giving effect to any required withdrawals therefrom on such day, exceed the Required Reserve Account Balance, such excess amounts shall be withdrawn from the Reserve Account by the Reserve Account Agent and be deposited by the Reserve Account Agent in the Collection Account and shall constitute part of Available Funds for the next succeeding Remittance Date.

• Withdrawal of funds in Reserve Account in Excess of Required Reserve Account Balance $ - 11.

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) and (B) the product of (i) 1.00% and (ii) the Net Investment related to the Subsequent Funding (after application of funds pursuant to Section 5.1 on the related Remittance Date)."

Required Reserve Account Balance and replacing it with the following:

Required Reserve Account Balance means with respect to any Payment Date, an amount equal to 1.00% (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 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. 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, the lesser of (a) [ ]% of the aggregate Securitization Value as of the Cut-Off Date and (b) the Outstanding Amount of the Notes.

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.