Note Account. A. For purposes of the transactions contemplated herein, the Issuer shall open and maintain the Note Account.
Note Account. (a) The Issuer hereby directs the Indenture Trustee to establish one or more accounts that shall collectively be the "Note Account" on or before the Closing Date. The Indenture Trustee shall promptly deposit in the Note Account (i) all Remittable Funds received by it from the Servicer pursuant to the Servicing Agreement, (ii) any other funds from any deposits to be made by the Servicer pursuant to the Servicing Agreement, (iii) any amount required to be deposited in the Note Account pursuant to Section 8.01, (iv) all amounts received pursuant to Section 8.03, and (v) all other amounts received for deposit in the Note Account, including the payment of any Purchase Price received by the Indenture Trustee. All amounts that are deposited from time to time in the Note Account are subject to withdrawal by the Indenture Trustee for the purposes set forth in subsections (c) and (d) of this Section 8.02. All funds withdrawn from the Note Account pursuant to subsection (c) of this Section 8.02 for the purpose of making payments to the Holders of Notes shall be applied in accordance with Section 3.03.
Note Account. The Cash Manager shall establish and maintain the Note Account in accordance with Section 3.01(i) of the Indenture.
Note Account. Upon the issuance of Notes of any subclass for which a Note Account was not previously established, the Cash Manager shall cause the Operating Bank to establish and maintain a Note Account for such subclass in accordance with Section 3.01(a) in the name of the Security Trustee for the benefit of the Holders of the Notes of such subclass. Upon the transfer of any amounts to the Note Account for any subclass of Notes in accordance with Section 3.09 or Section 3.14, the Trustee on the same day shall pay all such amounts to the Holders of such subclass of Notes as of the related Record Date in accordance with the terms of this Indenture.
Note Account. (a) On or prior to the Closing Date, the Fiscal Agent shall establish a segregated account for the purpose of receiving and holding amounts deposited hereunder by the Issuer for payment of amounts due and payable on the Notes (the "NOTE ACCOUNT"). On each Payment Date, the Fiscal Agent shall apply available funds held in the Note Account to the payment to Holders of amounts due and payable on the Notes. The Fiscal Agent shall not be under any duty to advance its own funds in any instance. If amounts deposited by the Issuer are insufficient to pay amounts due and payable in full, the Fiscal Agent may apply the available amount on deposit in the Note Account by distributing such amount to Holders pro rata or in such other manner as the Fiscal Agent deems expedient. The Fiscal Agent shall not be under any obligation to invest, or otherwise pay interest on, amounts held in the Note Account from time to time.
Note Account. The Owner Trustee, for the benefit of the Noteholders shall establish and maintain one or more non-interest bearing Eligible Accounts (collectively, the "Note Account"), entitled [ ], as Owner Trustee. The Owner Trustee shall transfer from the CRB Collection Account to the Note Account certain amounts on deposit therein in accordance with clause (i) of Section 3.04 and clauses (i) and (iv) of Section 3.05 and the terms of the Indenture. If, at any time, the Note Account ceases to be an Eligible Account, the Owner Trustee shall within five Business Days establish a new Note Account meeting the conditions specified above and transfer any cash and any investments on deposit in the Note Account to such new Note Account, and from the date such new Note Account is established, it shall be the Note Account.
Note Account. A. For purposes of the transactions contemplated herein, the Issuer shall open and maintain with FNBC a demand deposit account (No. 10-14661) (the "Note Account").
Note Account. The term note account means a note, subject to the right of immediate call, evidencing funds held by depositories electing the note option under applica- ble United States Treasury Depart- ment regulations. Note accounts are not savings accounts or savings depos- its.
Note Account. ..43 Section 8.04. Claims against the Note Insurance Policy.................................................45 Section 8.05. Pre-Funding Account and Capitalized Interest Account.....................................47
Note Account. The Administrative Agent, acting on behalf of the Trustee, shall establish and maintain at the Operating Bank in the name of the Trustee a trust account for the benefit of the Noteholders of each subclass (each, a "Note Account") as a non-interest-bearing account. The Trustee shall hold each Note Account in trust for the benefit of the Noteholders of the relevant subclass, and shall make or permit withdrawals therefrom only as provided in this Indenture. On each day when a payment is required to be made under this Indenture in respect of a subclass, such amount shall be transferred from the 66 Collection Account to the applicable Note Account for application to the payment of such Notes in accordance with the terms of this Indenture.
