Reserve Account Withdrawal Amount definition

Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

Reserve Account Withdrawal Amount means, with respect to each Payment Date, the lesser of (x) the Available Amounts Shortfall with respect to such Payment Date and (y) and the amount on deposit in the Reserve Account on such Payment Date.

Reserve Account Withdrawal Amount means, with respect to any Payment Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xiii) of Section 8.3 of the Indenture (taking into account application of Available Funds to the priority of payments specified in Section 8.3 of the Indenture and ignoring any provision thereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Payment Date prior to application of amounts on deposit therein pursuant to Section 8.3 of the Indenture; provided, that on the Reserve Account Redemption Date the Reserve Account Withdrawal Amount will equal the entire amount on deposit in the Reserve Account.

Examples of Reserve Account Withdrawal Amount in a sentence

• If the Reserve Account Withdrawal Amount is not sufficient to cover the Available Amounts Shortfall, then the Indenture Trustee shall, upon written directions from the Servicer, withdraw the excess of the Available Amounts Shortfall over the Reserve Account Withdrawal Amount from the Risk Retention Reserve Account and deposit such excess into the Collection Account no later than 12:00 noon, New York City time, on the Business Day prior to the related Payment Date.

• On or before each Payment Date, the Indenture Trustee will withdraw from the Reserve Account the Reserve Account Withdrawal Amount and deposit such amount into the Collection Account as indicated on the related Servicer Report delivered pursuant to Section 3.7 of the Sale and Servicing Agreement.

• Sub-Pool HE Amount Available (including Monthly Servicing Fee and Reserve Account Withdrawal Amount) $25,810,424.97 -------------- 2.

• On each Payment Date prior to the February 2014 Payment Date, if the information set forth in the related Monthly Report discloses a swap payment amount to be made from the Class HE:B Guaranty Fee (the "Swap Reserve Account Withdrawal Amount"), the Trustee shall withdraw such amount (to the extent of funds on deposit) from the Swap Reserve Account for remittance to Credit Suisse First Boston Management Corporation on such date to the address identified in Section 12.09.

• The liability of Party B to Party A hereunder is limited in recourse solely to the amounts payable to Party A from the Available Amounts and the Reserve Account Withdrawal Amount in accordance with the priority of payments set forth in Section 5.05(b) of the Sale and Servicing Agreement.

More Definitions of Reserve Account Withdrawal Amount

Reserve Account Withdrawal Amount means, with respect to any Payment Date (i) on which an Available Funds Shortfall exists, an amount equal to the lesser of (a) the Reserve Account Amount and (b) the Available Funds Shortfall, (ii) following the Revolving Period Termination Date, amounts to be withdrawn from the Reserve Account under Section 2.11(c) on such Payment Date, (iii) following the occurrence of an Event of Default that has not been waived by the Administrative Agent (acting at the direction of the Required Lenders), the Reserve Account Amount, and (iv) on any other Payment Date, zero.

Reserve Account Withdrawal Amount means, with respect to any Monthly Allocation Date, the lesser of (x) any shortfall in the amount of Retained Collections available to pay the amounts pursuant to priorities (i) through (ix) of the Priority of Payments (taking into account application of Retained Collections pursuant to the Priority of Payments and ignoring any provision which otherwise limits the amounts described in such priorities to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Monthly Allocation Date prior to application of amounts on deposit therein.

Reserve Account Withdrawal Amount means, with respect to each Payment Date, the lesser of (a) the amount then on deposit in the Reserve Account (prior to giving effect to any withdrawals therefrom relating to any Reserve Account Excess Amount for such Payment Date) and (b) the excess, if any, of (i) the aggregate amount required to be paid pursuant to Sections 5.06(b)(i) through (vii) on such Payment Date over (ii) the Available Collections for such Payment Date; provided that, with respect to the Payment Date occurring on the Reserve Account Pay-Down Date, the Reserve Account Withdrawal Amount shall equal the amount necessary to reduce the Outstanding Amount of the Notes to zero.

Reserve Account Withdrawal Amount has the meaning assigned to it in Section 3.04(b).

Reserve Account Withdrawal Amount. With respect to any Distribution Date, an amount equal to the lesser of (i) the total amount on deposit in the Reserve Account or (if any) available for call or drawdown under the limited guaranty or letter of credit referred to in Section 5.07, and (ii) the excess of (A) the sum of the Trust Fees and Expenses and the Required Distribution Amount over (B) the Available Collection Amount.

Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the sum of the amounts described in clauses (i) through (v) of Section 5.4 (a) over (ii) the Available Funds for such Distribution Date and (y) the amount on deposit in the Reserve Account on such Distribution Date before taking into account any withdrawal therefrom on such Distribution Date.

Reserve Account Withdrawal Amount means, with respect to any Payment Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through [(xiii)] of Section 8.3 of the Indenture (taking into account application of Available Funds to the priority of payments specified in Section 8.3 of the Indenture and ignoring any provision thereof which otherwise limits the amounts described in such clauses to the amount of funds available)[; provided, that the amount calculated pursuant to this clause (x) shall be reduced by the amount of any such shortfall that would be payable to GM Financial or any Affiliate thereof] and (y) the amount on deposit in the Reserve Account on such Payment Date prior to application of amounts on deposit therein pursuant to Section 8.3 of the Indenture; provided, that on the Reserve Account Redemption Date the Reserve Account Withdrawal Amount will equal the entire amount on deposit in the Reserve Account.