Reserve Account Required Balance definition

Reserve Account Required Balance means for any date of determination, 0.50% of the Aggregate Loan Balance of the Borrowing Base Loans.

Reserve Account Required Balance means, for any Payment Date, (i) occurring during a Rapid Amortization Period, an amount equal to the Reserve Account Floor Amount, or (ii) occurring during a Non-Rapid Amortization Period, (a) if no Cash Accumulation Event has occurred and is continuing, an amount equal to 1.00% of the Aggregate Collateral Balance as of the last day of the related Due Period, or (b) if a Cash Accumulation Event has occurred and is continuing, an amount equal to the product of (x) the Aggregate Collateral Balance as of the last day of the related Due Period and (y) the greater of (1) 15.0% and (2) the product of (A) two and (B) the Delinquency Level for such Due Period; provided, however, that in no event will the Reserve Account Required Balance be less than the Reserve Account Floor Amount.

Reserve Account Required Balance means, for any Payment Date, the greater of (i) [***]% of the Aggregate Solar Loan Balance as of the last day of the related Collection Period and (ii) the Reserve Account Floor Amount. On and after the Payment Date on which the Aggregate Outstanding Note Balance of the Notes has been reduced to zero, the Reserve Account Required Balance will be equal to zero.

Examples of Reserve Account Required Balance in a sentence

• If amounts on deposit in the General Reserve Account are greater than the General Reserve Account Required Balance (after giving effect to all other distributions and disbursements on such Payment Date), the Indenture Trustee shall, based on the Monthly Servicer Report, withdraw funds in excess of the General Reserve Account Required Balance from the General Reserve Account and disburse such amounts to the Certificate Distribution Account to be distributed in accordance with the Trust Agreement.

• The amount on deposit in the Liquidity Reserve Account shall not be less than the Liquidity Reserve Account Required Balance, taking into account the application of the proceeds of the Advances on the Funding Date.

• Prior to each Payment Date, the Servicer shall determine the Reserve Account Required Balance applicable to such Payment Date.

• Amounts on deposit in the Liquidity Reserve Account are at any time less than the Liquidity Reserve Account Required Balance and such deficit is not cured on the earlier of the next Borrowing Date or the next Payment Date or the Borrower fails to deposit the Equipment Replacement Reserve Deposit in the Equipment Replacement Reserve Account in accordance with Section 2.7 as of any Payment Date and such failure is not cured on the earlier of the next Borrowing Date or the next Payment Date.

• On each Payment Date, the Indenture Trustee shall withdraw all cash on deposit in the Reserve Account in excess of the Reserve Account Required Balance (as determined on the related Determination Date) from the Reserve Account and deposit the same into the Collection Account to be part of Available Funds on such Payment Date for application in accordance with Section 3.04 hereof.

More Definitions of Reserve Account Required Balance

Reserve Account Required Balance means, as of any Payment Date, an amount equal to 3.0% of the Aggregate Outstanding Principal Balance of the Notes on such date after taking into account all amounts applied to the Aggregate Outstanding Principal Balance on such date.

Reserve Account Required Balance means, as of any time of determination, an amount equal to 1.0% of the Aggregate Class A Note Principal at such time.

Reserve Account Required Balance shall have the meaning set forth in the Pricing Side Letter.

Reserve Account Required Balance has the meaning specified in the related Series Supplement.

Reserve Account Required Balance. As of any Payment Date, an amount equal to the greater of (i) $800,000 and (ii) the product of (a) 3.0% and (b) the principal balance of the Notes Outstanding as of such Payment Date (after any distributions made pursuant to Section 12.02, on such date).

Reserve Account Required Balance means, for any Payment Date, the greater of (i) [***]% of the Aggregate Solar Loan Balance as of the last day of the related Collection Period and (ii) the Reserve Account Floor Amount. On and after the Payment Date on which the Outstanding Loan Balance has been reduced to zero, the Reserve Account Required Balance will be equal to zero.

Reserve Account Required Balance. As of any date of determination, an amount equal to the sum of: (a) the greater of (i) the product of 1.0% and the Pool Balance and (ii) the Reserve Account Floor Amount; plus (b) the sum of (i) the product of 5.0% and the sum of the Loan Balances of each Loan other than a Delinquent Loan or Defaulted Loan whose Coverage Ratio is less than the Coverage Ratio required under its terms, and (ii) the product of 5.0% and the excess of (A) the sum of the Loan Balances of each Underperforming Loan over (B) the product of 5.0% and the Pool Balance.