Spread Account Balance definition

Spread Account Balance means the amount on deposit in the Spread Account.
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Spread Account Balance. As of any date of determination, the sum of the aggregate amount then on deposit in the Spread Account.
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Examples of Spread Account Balance in a sentence

  • The Specified Spread Account Balance may be reduced or the definition thereof otherwise modified without the consent of any of the Noteholders or the Certificateholders if the Rating Agency Condition is satisfied.

  • On the date hereof, the Seller shall deposit the Subordination Initial Deposit into the Class A Subordination Spread Account and the Class B Specified Subordination Spread Account Balance into the Class B Subordination Spread Account.

  • Notwithstanding the foregoing, the Servicer shall not be entitled to receive Reimbursable Amounts pursuant to clause (vi) above until the first Remittance Date on which the Spread Account Balance equals the then applicable Specified Account Requirement.

  • Notwithstanding the foregoing, the Servicer shall not be entitled to receive Reimbursable Amounts pursuant to clause (viii) above until the first Remittance Date on which the Spread Account Balance equals the then applicable Specified Spread Account Requirement.

  • Any amount which is subject to repayment pursuant to a Repayment Agreement shall be deemed to be credited to the Excess Spread Account for purposes of calculating the Excess Spread Account Balance.

  • The Specified Spread Account Balance may be reduced or the definition thereof otherwise modified without the consent of any of the Indenture Noteholders, the Class B Noteholders or the Certificateholders if the Rating Agency Condition is satisfied.

  • After the termination of the Letter of Credit and deposit of amounts into the Spread Account to comply with the Specified Spread Account Balance, the Servicer shall continue to seek a replacement Letter of Credit Provider in accordance with the foregoing until a replacement Letter of Credit is entered into with an Eligible Letter of Credit Bank.

  • The amount on deposit in the Spread Account on -------------- such day shall be greater than or equal to the Specified Spread Account Balance with respect to such day.

  • Furthermore, at or after the end of the Funding Period, the Specified Spread Account Balance will be reduced to, with respect to any Payment Date, the lessor of (a) 2.00% (or a greater percentage specified by the Servicer) of the Initial Pool Balance and (b) the Note Balance, so long as Standard & Poor's confirms to the Servicer in writing that such reduction will not result in a reduction or withdrawal of its then current rating of any Class of the Notes.