Definition of 2012-A Bank Accounts


2012-A Bank Accounts means the 2012-A Exchange Note Collection Account, the 2012-A Distribution Account and the 2012-A Reserve Account.

Examples of 2012-A Bank Accounts in a sentence

Each of the 2012-A Bank Accounts will be under the sole dominion and control of the Indenture Trustee, as secured party for the benefit of the 2012-A Secured Parties, so long as the 2012-A Bank Accounts remain subject to the Lien of the Indenture.
Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2012-A Bank Accounts shall constitute 2012-A Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 2012-A Exchange Note Collection Account.
The Indenture Trustee shall, at such time as there are no Notes Outstanding and all sums due to the Indenture Trustee pursuant to Section 6.07 and any other Issuer Obligations have been paid, release any remaining portion of the Trust Estate that secured the Notes from the Lien of this Indenture and release to the Issuer or any other Person entitled thereto any funds then on deposit in the 2012-A Bank Accounts.
The 2012-A Bank Accounts will only be established at a depository institution or trust company that complies with the requirements set forth in Section 5.02(d) of the Basic Servicing Agreement.
The Indenture Trustee will notify the entity maintaining the 2012-A Bank Accounts (if not the Indenture Trustee) if a Responsible Officer has knowledge that a Default or Event of Default has occurred and is continuing with respect to the Notes.