Reserve Account Deficiency definition

Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.
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Reserve Account Deficiency means the excess, if any, of the Required Reserve Account Amount over the Available Reserve Account Amount.
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Reserve Account Deficiency. For any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).
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Examples of Reserve Account Deficiency in a sentence

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 72 .

  • Payment to Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 73 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 85 .

  • Secondary Reserve Account Deficiency (Ln65 - Ln73) $ 0.00 Instructions to the Trustee --------------------------- 75 .

  • Payment to Reserve Account if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 69 .

  • Payment to Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 70 .

  • Reserve Account Deficiency (Ln43 - Ln50) $ 0.00 Instructions to the Trustee --------------------------- 52 .

  • Amount to be deposited from the Secondary Reserve Account into the Certificate Payment Account for payment to the Certificateholder if Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and no unfunded Reserve Account Deficiency $ 0.00 82 .

  • Secondary Reserve Account Deficiency (Ln62 - Ln70) $ 0.00 Instructions to the Trustee --------------------------- 72 .

  • Amount to be deposited from the Secondary Reserve Account into the Reserve Account if $ 0.00 Secondary Reserve Account Balance exceeds Required Secondary Reserve Account Amount and Reserve Account Deficiency not funded in full through application of Available Funds $ 0.00 79 .


More Definitions of Reserve Account Deficiency

Reserve Account Deficiency shall have the meaning specified in Section 4.07(c).
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Reserve Account Deficiency shall have, for any Payment Date, the meaning specified for such Payment Date in Section 3.5(b).
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Reserve Account Deficiency means, as of any Settlement Date after the Cash Management Date, the amount, if any, by which the amounts necessary to make the payments required under Sections 6.05(a)(i), (ii), and (iii) of the Purchase Agreement exceed the amounts on deposit in the Reserve Account.
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Related to Reserve Account Deficiency

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • 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.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Initial Reserve Account Deposit means $3,000,000.

  • Reserve Account Requirement means on any Payment Date, an amount equal to at least $20,892,998.25 provided, however, that on any Payment Date (after taking into account all distributions from the 2016-A SUBI Collection Account on such date) on which the Note Balance is zero, the “Reserve Account Requirement” shall be an amount equal to $0.