Examples of Total Required Payment in a sentence
In addition, the Servicer shall calculate on or before each Determination Date the difference, if any, between the Total Required Payment and the Available Funds and, pursuant to Section 4.5(b), the Indenture Trustee shall withdraw funds from the Reserve Account in an amount equal to the lesser of such difference (if positive) or the balance of such Reserve Account.
Any amounts remaining in the Collection Account after giving effect to the payment of the Total Required Payment and depositing amounts in the Reserve Account to the extent necessary to replenish it to the Specified Reserve Balance will first be applied to retire the Class A-1 Notes and the Class A-2 Notes in full.
Withdrawals from Reserve Account (Total Required Payment minus Available Funds) $ -- D.
Any amounts remaining in the Collection Account after giving effect to the payment of the Total Required Payment and depositing amounts in the Reserve Account to the extent necessary to replenish it to the Specified Reserve Balance will first be applied to retire the Class A-1 Notes in full.
In addition, the Servicer shall calculate on or before each Determination Date the difference, if any, between the Total Required Payment and the Available Funds and, pursuant to Section 4.5(b), the Indenture Trustee shall withdraw funds from the Reserve Account in the amount of such difference (if positive).