Reserve Account Subsequent Transfer Deposit definition

Reserve Account Subsequent Transfer Deposit means with respect to any Subsequent Transfer Date, cash or Eligible Investments in an amount equal to [RESERVED]% of the aggregate Starting Principal Balance of the transferred Subsequent Receivables as of the applicable Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount as of the applicable Subsequent Transfer Date, which shall be deposited into the Reserve Account on such Subsequent Transfer Date pursuant to Section 5.01(d) of the Sale and Servicing Agreement.
Sample 1Sample 2Sample 3
Reserve Account Subsequent Transfer Deposit. With respect to any Subsequent ------------------------------------------- Transfer Date, cash or Eligible Investments having a value of at least equal to 4.75% of the aggregate Starting Receivable Balance of the Subsequent Receivables transferred to the Owner Trustee on such Subsequent Transfer Date, which shall be deposited into the Reserve Account on such Subsequent Transfer Date, pursuant to Section 4.07(a) of the Pooling and Servicing Agreement.
Sample 1Sample 2

Related to Reserve Account Subsequent Transfer Deposit

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.