ABS Account definition

ABS Account means the account designated as such, established and ----------- maintained pursuant to Section 6.1 of the Sale and Servicing Agreement.
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Examples of ABS Account in a sentence

  • The Collection Account and the ABS Account shall initially be established with Bank One Columbus in its capacity as a Securities Intermediary.

  • GAIN ABS Account access for 5 authorized users ($252 per user per year) for the Service Period of September 30, 2019 – September 29, 2020: $1,260.00.

  • The Collection Account and the ABS Account shall initially be established with The Chase Manhattan Bank in its capacity as a Securities Intermediary.

  • Parties Section 6.1 Establishment of Collection Account and ABS Account...........................

  • The Administrative Agent, on behalf of the Secured Parties, shall also establish, at the Securities Intermediary, and maintain in its own name an account that is an Eligible Account (the "ABS Account") bearing a ----------- designation clearly indicating that any certificates representing the Asset Backed Securities deposited therein are held for the benefit of the Administrative Agent on behalf of the Secured Parties.

  • The Primary Seller when --------------------------------------- conveying Asset Backed Securities to the Borrower shall cause such conveyed Asset Backed Securities to be credited to the ABS Account and, if in physical form, indorsed to the Securities Intermediary or indorsed in blank and delivered to the Securities Intermediary.

  • The Primary Seller when conveying Asset Backed Securities to the Borrower shall cause such conveyed Asset Backed Securities to be credited to the ABS Account and, if in physical form, indorsed to the Securities Intermediary or indorsed in blank and delivered to the Securities Intermediary.