Acquisition Account definition

Acquisition Account means the subaccount of the Collection Account established under Section 4.1(a) of the Transfer and Servicing Agreement.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture. See "Program Fund; Acquisition Account" under this caption.

Acquisition Account means the Account so designated, which is created and established in the Program Fund by the Master Indenture.

Examples of Acquisition Account in a sentence

• The Indenture Trustee or Note Paying Agent is directed to withdraw from the Acquisition Account on the Acquisition Date the Current Additional Receivables Cash Transfer Amount set forth in the immediately preceding paragraph and deliver that amount to the Depositor who shall deliver $[_________] to the Master Trust and $[_______] to the applicable Originators.

• On the Payment Date on which the Optional Acquisition is to be exercised, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account, the Acquisition Account and the Negative Carry Account into the Collection Account.

• On the Payment Date on which the Optional Redemption is to be exercised, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account, the Acquisition Account and the Negative Carry Account into the Collection Account.

• This ability is very much required from people concerned with innovative education.

• Notwithstanding anything to the contrary in this Section 4.2(a) or in the Transaction Documents, the Servicer shall not allow amounts held in the Collection Account or the Acquisition Account to be invested unless it is able to maintain records on a daily basis as to the amounts realized from the investment of Collections received on each Originator’s Receivables.

More Definitions of Acquisition Account

Acquisition Account means the Account so designated, which is created and established in the Program Fund by Section 5.1 of this Master Indenture.

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act No. 183, Public Acts of Michigan, 1964, as amended, being

Acquisition Account means the Acquisition Account established by the Trust Indenture. "Act 183" means Act No. 183, Public Acts of Michigan, 1964, as amended, being Sections 830.411 to 830.425, inclusive, of Michigan Compiled Laws.

Acquisition Account means the Issuer's bank account with a bank acceptable to the Agent which has been pledged under the Acquisition Account Pledge Agreement

Acquisition Account means the account of such name within the Bond Fund established pursuant to Section 5.5 hereof.

Acquisition Account means a bank account of the Issuer or an escrow account arrangement satisfactory to the Agent, in line with the terms of these Terms and Conditions, into which the Acquisition Amount and the Eligible Acquisition Amount will be transferred, and which has been pledged in favour of the Agent and the bondholders (represented by the Agent) under the Acquisition Account Pledge Agreement.

Acquisition Account has the meaning assigned in Section 601.