Reserve Account Release Amount definition

Reserve Account Release Amount means, with respect to any Distribution Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Distribution Date (prior to giving effect to any withdrawals therefrom relating to such Distribution Date) over (ii) the Specified Reserve Balance with respect to such Distribution Date.

Reserve Account Release Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

Reserve Account Release Amount. With respect to any Payment Date, the lesser of (a) the aggregate amounts on deposit in all three Reserve Accounts and (b) and the amount by which the Credit Enhancement Amount exceeds the Specified Credit Enhancement Amount.

Examples of Reserve Account Release Amount in a sentence

• The Borrower shall not be permitted to withdraw funds from the Reserve Account, provided that on any Quarterly Payment Date on or after the Initial Reserve Account Release Date, the Borrower shall be permitted to withdraw the Reserve Account Release Amount, if any, from the Reserve Account.

• The risk of late payment by Obligors is in part mitigated by the Cash Reserve Account Release Amount (subject to the limitations set out in Condition 8.9 (Senior Expenses Deficit) of the Conditions), in the case of the Collateralised Notes, the use of the Principal Addition Amounts (subject to the limitations set out in Condition 8.9 (Senior Expenses Deficit) of the Conditions) and, in the case of all the Collateralised Notes, any excess spread applied through the Principal Deficiency Ledger.

• If Borrower so off-sets the Take-Out Purchase Price, then Lender may apply an amount equal to the applicable Reserve Account Release Amount for such Take-Out Transaction to the repayment of the applicable Advances.

• The Borrower shall remit the Take-Out Purchase Price by wire transfer in immediately available funds to the account specified by the Lender on the date of the Take-Out Transaction; provided that the Borrower may off-set the Take-Out Purchase Price by an amount equal to the applicable Reserve Account Release Amount.

• The Issuer will redeem the Liquidity Reserve Notes by the Liquidity Reserve Account Release Amount subject to the applicable Priority of Payments on the Payment Date immediately following the Relevant Collection Period during which the Issuer received any amount in respect of Principal Available.

More Definitions of Reserve Account Release Amount

Reserve Account Release Amount means, with respect to any Quarterly Payment Date on or after the Initial Reserve Account Release Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Amount.

Reserve Account Release Amount. With respect to any Payment Date, the lesser of (a) the aggregate amounts on deposit in the Reserve Account and (b) and the amount by which the Credit Enhancement Amount exceeds the Specified Credit Enhancement Amount.

Reserve Account Release Amount means, with respect to any Quarterly Payment Date on or after the Initial Reserve Account Release Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Amount. “Responsible Officer” of any Person means, any Financial Officer, the chief operating officer, general counsel or other similar officer of such Person. “Restricted Payments” has the meaning set forth in Section 8.01(m). “Revenue Sweep Waiver Request” has the meaning set forth in Section 2.02(c). “Rider Incentive / Contra Pay” means any and all refunds, transaction disputes, rider coupons, rider credits, and failed payments relating to the amount payable by a rider in connection with the use of a Scooter or an EMEA Scooter. “Sanctioned Country” means a country subject to a sanctions program maintained under any Anti-Terrorism Law, including any such country identified on the list maintained by OFAC and available at: xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/Programs/ Pages/Programs.aspx, or as otherwise published from time to time.

Reserve Account Release Amount means, with respect to any Quarterly Payment Date on or after the Initial Reserve Account Release Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Amount. “Responsible Officer” of any Person means, any Financial Officer, the chief operating officer, general counsel or other similar officer of such Person. “Restricted Payments” has the meaning set forth in Section 8.01(m). “Revenue Sweep Waiver Request” has the meaning set forth in Section 2.02(c). “Rider Incentive / Contra Pay” means any and all refunds, transaction disputes, rider coupons, rider credits, and failed payments relating to the amount payable by a rider in connection with the use of a Scooter or an EMEA Scooter. “Sanctioned Country” means a country subject to a sanctions program maintained under any Anti-Terrorism Law, including any such country identified on the list maintained by OFAC and available at: xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/Programs/ Pages/Programs.aspx, or as otherwise published from time to time. “Sanctioned Person” means (a) a person named on the list of “Specially Designated Nationals” or “Blocked Persons” maintained by OFAC available at: xxxx://xxx.xxxxxxxx.xxx/ resource-center/sanctions/SDN-List/Pages/default.aspx, or as otherwise published from time to time, (b) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country or (iii) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC, or (c) any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.

Reserve Account Release Amount means, with respect to any Distribution Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Distribution Date

Reserve Account Release Amount means, with respect to any Monthly Distribution Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Monthly Distribution Date (prior to giving effect to any withdrawals therefrom relating to such

Reserve Account Release Amount means, with respect to any Distribution Date, an amount equal to the excess, if any, of (i) the amount of cash or other