Certificate Distribution Account definition

Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

Certificate Distribution Account shall have the meaning assigned to such term in Section 11.1.

Certificate Distribution Account. The account, if applicable, designated as such, established and maintained pursuant to Section 5.1(a) of the Trust Agreement.

Examples of Certificate Distribution Account in a sentence

• The Certificate Paying Agent shall make distributions to the Certificateholder from the Certificate Distribution Account pursuant to Article VIII and Article XI hereof and shall report the amounts of such distributions to the Owner Trustee.

• The Certificate Distribution Account shall be maintained as an Eligible Deposit Account; provided however, that so long as (i) the long-term unsecured debt of the related depository institution shall have a credit rating of investment grade or better by a nationally recognized statistical rating organization, and (ii) such depository institution’s deposits are insured by the FDIC, such account shall be deemed to be an Eligible Deposit Account.

• Any Certificate Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions referred to above.

More Definitions of Certificate Distribution Account

Certificate Distribution Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Certificate Distribution Account means the account established and maintained as such pursuant to Section 5.01.

Certificate Distribution Account shall have the meaning assigned to such term in Section 5.1.

Certificate Distribution Account. The account or accounts created and maintained pursuant to Section 3.10(c) of the Trust Agreement. The Certificate Distribution Account shall be an Eligible Account.

Certificate Distribution Account is defined in Section 5.1 of the Trust Agreement.

Certificate Distribution Account means an Eligible Account established by the Owner Trustee pursuant to Section 5.01(a) of the Trust Agreement.

Certificate Distribution Account means the account designated as such, established and maintained pursuant to Section 8.2(a)(iv) of the Indenture.