Accumulation Account definition

Accumulation Account. The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

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Accumulation Account means the accumulation account held with the Accumulation Account Bank.

Accumulation Account means each account designated as such, established and maintained pursuant to Section 2.3(j) of the Administration Agreement.

Examples of Accumulation Account in a sentence

• Indenture Trustee at all times shall maintain accurate records reflecting each transaction in the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account.

• The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account and in all proceeds thereof.

• Not later than 12:00 noon, New York City time, on such day Servicer shall deposit into the Collection Account in immediately available funds the excess of the Reassignment Amount over the amount, if any, on deposit in the Principal Accumulation Account.

• Not later than 12:00 noon, New York City time, on such day Transferor shall deposit into the Distribution Account in immediately available funds the excess of the Redemption Amount over the amount, if any, on deposit in the Principal Accumulation Account.

• The Servicer shall be entitled to receive all Investment Earnings (with the exception of Investment Earnings on funds in the Accumulation Account) and Supplemental Servicing Fees when and as paid without any obligation to the Owner Trustee, the Indenture Trustee or the Depositor in respect thereof.

More Definitions of Accumulation Account

Accumulation Account. Any of the Fee Accumulation Account, Interest Accumulation Account or Target Amortization Principal Accumulation Account, as applicable. Accumulation Amount: Any of the Fee Accumulation Amount, Interest Accumulation Amount or Target Amortization Principal Accumulation Amount, as applicable. Action: When used with respect to any Noteholder, is defined in Section 1.5.

Accumulation Account means the accumulation account specified in clause 3.1(a) (The Security Trustee as a Party) of the Account Agreement.

Accumulation Account means the separate account established for each Participant to which will be credited all Plan contributions, less expense charges, plus earnings thereon.

Accumulation Account. The account designated as such, established and maintained pursuant to Section 5.01(a)(iv) of the Servicing Agreement.] [Accumulation Amount: For any Distribution Date during the Revolving Period, the aggregate amount on deposit in the Accumulation Account.] Act: An Act as specified in Section 11.3(a) of the Indenture.

Accumulation Account means a Holder Record maintained by a Settlement Participant for the purpose of facilitating settlement of transactions in Approved Financial Products with non-Participant clients.

Accumulation Account means the account maintained on the books of the Bank for each Participant with respect to the Plan. Each Participant’s Accumulation Amount shall consist of the following sub-Accounts: (i) a Stock Units Account, a sub-account that is credited with Stock Units; and (ii) such other sub-accounts as may be necessary to reflect allocations under the Plan and such further sub-Accounts as the Committee may deem necessary. The Stock Units Account (i) may not be diversified; (ii) must remain at all times credited with units that represent Company Common Stock; and (iii) must be distributed solely in the form of Company Common Stock. A Participant’s Accumulation Account shall be utilized solely as a device for the measurement and determination of any benefits payable to the Participant pursuant to this Plan. A Participant shall have no interest in his Accumulation Account, nor shall it constitute or be treated as a trust fund of any kind.

Accumulation Account means the account kept for a member under regulation 27A;