Reserve Account Deficiency Amount definition

Reserve Account Deficiency Amount means, as of any date of determination, the excess, if any, of the Required Reserve Account Amount for such date over the Available Reserve Account Amount for such date.
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Reserve Account Deficiency Amount means as of any Payment Date the amount by which the Reserve Account Required Balance exceeds the Reserve Account Balance as of such Payment Date.
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Reserve Account Deficiency Amount shall have the meaning given such term in Section 3.9.
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Examples of Reserve Account Deficiency Amount in a sentence

  • On the Series 2019-1 Closing Date, a portion of the net proceeds from the initial sale of the Series 2019-1 Notes shall be deposited into the Senior Notes Interest Reserve Account in an amount equal to the Senior Notes Interest Reserve Account Deficiency Amount as of the Series 2019-1 Closing Date.

  • On the Closing Date, net proceeds from the initial sale of the Series 2018-1 Notes will be deposited into the Senior Notes Interest Reserve Account in an amount equal to the Senior Notes Interest Reserve Account Deficiency Amount as of the Closing Date.

  • The Reserve Account Deficiency Amount means in respect of any Quarterly Payment Date, the difference between (i) the balance of the Reserve Account on the Closing Date and (ii) thebalance of the Reserve Account on the Quarterly Calculation Date immediately preceding such Quarterly Payment Date (taking into account any drawings required to be made to satisfy items (i) through (vii) of the Interest Priority of Payments).

  • These representations comprise almost entirely of objections to the scheme and include individual letters of objection as well as a petition, signed by those who consider that the scheme ‘ would not benefit the town and would have an adverse effect on its infrastructure’.

  • On the Series 2019-1 Closing Date, a portion of the net proceeds from the initial sale of the Series 2019-1 Notes will be deposited into the Senior Notes Interest Reserve Account in an amount equal to the Senior Notes Interest Reserve Account Deficiency Amount as of the Series 2019-1 Closing Date.

  • On each Weekly Allocation Date, the Master Issuer will apply the amount on deposit in the Collection Account in accordance with priority (ix) of the Priority of Payments to make a deposit into the Senior Notes Interest Reserve Account in an amount equal to any Senior Notes Interest Reserve Account Deficiency Amount.

  • On the Closing Date, net proceeds from the initial sale of the Series 2015-1 Notes will be deposited into the Senior Notes Interest Reserve Account in an amount equal to the Senior Notes Interest Reserve Account Deficiency Amount as of the Closing Date.

  • Such Reserve Account Deficiency Amount may be deemed by the Lender to be delivered by deducting the amount thereof from the Loan proceeds to be delivered to the Borrower on such Closing Date.

  • Following the Portuguese “scientia sexualis” authors, African indigenous sexuality was close to that of the animals, driven by unrefined sexual instincts.

  • Tenant’s failure to deposit the Reserve Account Deficiency Amount into the Variable Security Deposit Reserve Account within five (5) Business Days after the fifteenth (15th) day of the applicable Accounting Period shall constitute a Default by Tenant hereunder, and Landlord shall have the right, in its sole discretion, to terminate this Lease and exercise all other rights and remedies afforded under Article 12 and the other applicable provisions of this Lease with respect thereto.


More Definitions of Reserve Account Deficiency Amount

Reserve Account Deficiency Amount. As of any date the amount, if any, by which the Reserve Account Required Balance exceeds the amount on deposit in the Reserve Account as of such date.
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Related to Reserve Account Deficiency Amount

  • 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.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • 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.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).