Reserve Account Amount definition
Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.
Reserve Account Amount means, on any day, the amount on deposit in the Reserve Account.
Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in the Reserve Account. Unless specifically stated to the contrary, the Reserve Account Amount shall be calculated after giving effect to all deposits and withdrawals therefrom on the prior Payment Date (or, in the case of the first Payment Date, the Closing Date) and all interest and other income (net of losses and investment expenses) on such amounts during the related Collection Period.
Examples of Reserve Account Amount in a sentence
On each Distribution Date, all interest and earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on funds on deposit in the Reserve Account shall be retained in the Reserve Account (to the extent that the Available Reserve Account Amount is less than the Required Reserve Account Amount) and the balance, if any, shall be deposited in the Collection Account and treated as collections of Finance Charge Receivables allocable to Series 20[__]-[_].
The Trustee, at the direction of the Servicer, shall (i) make withdrawals from the Reserve Account from time to time in an amount up to the Available Reserve Account Amount at such time, for the purposes set forth in this Supplement, and (ii) on each Distribution Date (from and after the Reserve Account Funding Date) prior to the termination of the Reserve Account make a deposit into the Reserve Account in the amount specified in, and otherwise in accordance with, subsection 4.07(j).
More Definitions of Reserve Account Amount
Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in the Reserve Account on the related Reporting Date and available for withdrawal from the Reserve Account.
Reserve Account Amount. For any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Payment Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Payment Date, or, in the case of the first Payment Date, the Closing Date), including, without limitation, all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.
Reserve Account Amount means, for any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Payment Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Payment Date, or, in the case of the first Payment Date, the Closing Date), including, without limitation, all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.
Reserve Account Amount means, with respect to any Payment Date, the amount on deposit in and available for withdrawal from the Reserve Account on the last day of the immediately preceding Collection Period.
Reserve Account Amount means, on any day, the amount on deposit in the Reserve Account. “Reserve Account Initial Deposit” [***]. “Reserve Account Required Amount” means, on any date of determination, the product of (a) the Required Cash Reserve Percentage and (b) the aggregate Eligible Receivables Principal Balance as of the last day of the preceding month. “Reserve Account Withdrawal Amount” means, with respect to any Payment Date (i) on which an Available Funds Shortfall exists, an amount equal to the lesser of (a) the Reserve Account Amount and (b) the Available Funds Shortfall, (ii) following the occurrence of an Event of Default that has not been waived by the Administrative Agent (acting at the direction of the Required Lenders), the Reserve Account Amount or such other lesser amount on any Payment Date following the occurrence of an Event of Default as may be specified by the Administrative Agent (acting at the direction of the Required Lenders) in writing to the Borrower and the Servicer, and (iii) on any other Payment Date, zero. “Responsible Officer” means, when used with respect to any Person, any officer of such Person, including any president, vice president, assistant vice president, treasurer, secretary, assistant secretary, corporate trust officer or any other officer thereof customarily performing functions similar to those performed by the individuals who at the time shall be such officers, respectively, or to whom any matter is referred because of such officer’s knowledge of or familiarity with the particular subject, and, in each case, having direct responsibility for the administration of this Agreement. “Restricted Subsidiaries” shall have the meaning provided in the Indenture, dated August 27, 2018 (the “Notes Indenture”), among, inter alios, the Parent and TMI Trust Company in respect of the issuance of senior secured notes due in 2025; provided, that, if the Notes Indenture is no longer outstanding, “Restricted Subsidiaries” shall have the meaning provided in the Notes Indenture as of the last day prior to the Notes Indenture no longer being outstanding. “Review” has the meaning given to such term in Section 9.07(f). “Revolving Period” means the period commencing on the Closing Date and ending on the occurrence of a Revolving Period Termination Date.
Reserve Account Amount. As of any date of determination an amount equal to the amount on deposit in the Reserve Account (exclusive of Investment Earnings) on such date, after giving effect to all deposits, transfers and withdrawals from the Reserve Account on such date. RESERVE ACCOUNT DEPOSIT AMOUNT: $1,000,000. RESERVE ACCOUNT REQUIRED AMOUNT: On any day, the Reserve Account Deposit Amount.
Reserve Account Amount means, on any day, the amount on deposit in the Reserve Account. “Reserve Account Initial Deposit” [***]. “Reserve Account Required Amount” means, on any date of determination, the product of (a) the Required Cash Reserve Percentage and (b) the aggregate Eligible Receivables Principal Balance as of the last day of the preceding month. “Reserve Account Withdrawal Amount” means, with respect to any Payment Date (i) on which an Available Funds Shortfall exists, an amount equal to the lesser of (a) the Reserve Account Amount and (b) the Available Funds Shortfall, (ii) following the occurrence of an Event of Default that has not been waived by the Administrative Agent (acting at the direction of the Required Lenders), the Reserve Account Amount or such other lesser amount on any Payment Date following the occurrence of an Event of Default as may be specified by the Administrative Agent (acting at the direction of the Required Lenders) in writing to the Borrower and the Servicer, and (iii) on any other Payment Date, zero. “Responsible Officer” means, when used with respect to any Person, any officer of such Person, including any president, vice president, assistant vice president, treasurer, secretary, assistant secretary, corporate trust officer or any other officer thereof customarily performing functions similar to those performed by the individuals who at the time shall be such officers, respectively, or to whom any matter is referred because of such officer’s knowledge of or familiarity with the particular subject, and, in each case, having direct responsibility for the administration of this Agreement. “Restricted Subsidiaries” shall have the meaning provided in the Indenture, dated August 27, 2018 (the “Notes Indenture”), among, inter alios, the Parent and TMI Trust Company in respect of the issuance of senior secured notes due in 2025; provided, that, if the Notes Indenture is no longer outstanding, “Restricted Subsidiaries” shall have the meaning provided in the Notes Indenture as of the last day prior to the Notes Indenture no longer being outstanding. “Review” has the meaning given to such term in Section 9.07(f). “Revolving Period” means the period commencing on the Closing Date and ending on the occurrence of a Revolving Period Termination Date.