Spread Account Initial Deposit definition

Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

Spread Account Initial Deposit means $__________, 100% of which will be cash.

Spread Account Initial Deposit means, initially, $ and, with respect to each Subsequent Transfer Date, cash or Eligible Investments having a value approximately equal to % of the aggregate Contract Value of the Subsequent Receivables conveyed to the Issuing Entity on such Subsequent Transfer Date.]

Examples of Spread Account Initial Deposit in a sentence

• Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account.

• On or prior to the Closing Date, the Issuer shall deposit or cause to have deposited an amount equal to the Spread Account Initial Deposit into the Spread Account from the net proceeds of the sale of the Notes.

• Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account 13 Section 3.02.

• Establishment of Spread Account; Initial Deposit into Spread Account; Maintenance of Spread Account 12 Section 3.02.

• On each Distribution Date, the Master Servicer shall instruct the Indenture Trustee to distribute the Excess Spread Amount, after giving effect to the distribution described in the preceding sentence, first, to WFSRC3 until WFSRC3 has received full payment of the Spread Account Initial Deposit and second, all remaining funds to the Certificate Distribution Account for distribution to Certificateholders in accordance with Section 5.02 of the Trust Agreement.

More Definitions of Spread Account Initial Deposit

Spread Account Initial Deposit means an amount equal to $5,376,344.09.

Spread Account Initial Deposit means, initially, $__________ and, with respect to each Subsequent Transfer Date, cash or Eligible Investments having a value approximately equal to [2.00]% of the aggregate Contract Value of the Subsequent Receivables conveyed to the Issuer on such Subsequent Transfer Date.

Spread Account Initial Deposit has the meaning specified in the Sale and Servicing Agreement.

Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate principal balance of the Initial Receivables on the Closing Date (which is equal to $15,999,985.79).

Spread Account Initial Deposit means $1,371,187.37. ------------------------------

Spread Account Initial Deposit shall have the meaning assigned in Section 3.01(c) hereof.

Spread Account Initial Deposit means $24,000,000.