Reserve Fund Deposit definition

Reserve Fund Deposit. With respect to the Reserve Fund, an amount equal to $5,000, which the Depositor shall initially deposit into the Reserve Fund pursuant to Section 3.21 hereof.

Reserve Fund Deposit means an amount equal to $3,359,956.04 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance).

Reserve Fund Deposit. Any of the Group I Reserve Fund Deposit and Group II Reserve Fund Deposit.

Examples of Reserve Fund Deposit in a sentence

• On the Closing Date, the Depositor shall cause an amount equal to the Reserve Fund Deposit to be deposited into the Reserve Fund.

• Any monies held in the Net WAC Reserve Fund in excess of the Required Net WAC Reserve Fund Deposit on any Distribution Date shall be distributed to the Class C Certificateholders.

• If no Net WAC Rate Carryover Amount is payable on a Distribution Date, the Securities Administrator shall deposit into the Net WAC Reserve Fund the Required Net WAC Reserve Fund Deposit.

• In addition, on the Closing Date, the Trustee shall deposit into the Reserve Fund the Reserve Fund Deposit to the extent received by the Trustee from the Depositor.

• If no Net WAC Rate Carryover Amount is payable on a Distribution Date, the Trustee shall deposit into the Net WAC Reserve Fund the Required Net WAC Reserve Fund Deposit.

More Definitions of Reserve Fund Deposit

Reserve Fund Deposit means an amount equal to $2,750,014.01 (i.e., 0.25% of the Cutoff Date Pool Balance).

Reserve Fund Deposit. With respect to each Reserve Fund, $1,000.

Reserve Fund Deposit means an amount equal to $[●] (i.e., [●]% of the Cutoff Date Pool Balance).

Reserve Fund Deposit means an amount equal to $2,987,785.96.

Reserve Fund Deposit. Not applicable.

Reserve Fund Deposit has the meaning specified in Sale and Servicing Agreement.

Reserve Fund Deposit means an amount equal to $10,884,458.83 (i.e., 1.00% of the Cutoff Date Adjusted Pool Balance).