2016-B Bank Accounts definition

2016-B Bank Accounts means the 2016-B Exchange Note Collection Account, the 2016-B Distribution Account and the 2016-B Reserve Account.
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Examples of 2016-B Bank Accounts in a sentence

  • The authority of the Servicer to make deposits to the 2016-B Bank Accounts is revocable at any time (i) by the Indenture Trustee until the Note Balance of the 2016-B ABS Notes has been reduced to zero and the 2016-B Bank Accounts have been released from the Lien of the Indenture, (ii) then, by the Collateral Agent until the payment in full of the 2016-B Exchange Note, and (iii) thereafter by the Borrower.

  • Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2016-B Bank Accounts shall constitute 2016-B 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 2016-B Exchange Note Collection Account.

  • R-1 MERCEDES-BENZ AUTO LEASE TRUST 2016-B ASSET BACKED CERTIFICATE Evidencing an undivided beneficial interest in the property of Mercedes-Benz Auto Lease Trust 2016-B, a Delaware statutory trust (the “Issuer”), which property includes the 2016-B Exchange Note, the 2016-B Bank Accounts and certain other rights under the Trust Agreement and Second Tier Sale Agreement.

  • Each of the 2016-B Bank Accounts will be under the sole dominion and control of the Indenture Trustee, as secured party for the benefit of the 2016-B Secured Parties, so long as the 2016-B Bank Accounts remain subject to the Lien of the Indenture.

  • Placing the company at the centre of a large network of corporate partnerships, orbited by an even larger number of specialised challenger companies, all vying for access to the app to quickly reach customers at scale.

Related to 2016-B Bank Accounts

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Collection Accounts As defined in Section 3.10(a).

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Collection Account Control Agreement means the Amended and Restated Collection Account Control Agreement, dated as of the date hereof, among the Borrower, the Servicer, the Administrative Agent and the Collection Account Bank, substantially in the form of Exhibit D-3 hereto, as amended, modified or supplemented from time to time.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Lockboxes has the meaning set forth in Section 2.7.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.