Additional Proceeds Account definition

Additional Proceeds Account has the meaning assigned to such term in the Accounts Agreement.
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Additional Proceeds Account means the certain account established by the Debtors or the Liquidation Trust, as applicable, managed by the Liquidation Trust from and after the Effective Date and funded from: (a) the Daimler Proceeds; and (b) the General Unsecured Daimler Fund Balance, if any.
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Additional Proceeds Account has the meaning provided in Section 2.01(a) (Establishment of Accounts).
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Examples of Additional Proceeds Account in a sentence

  • After funding such amounts, the Available Net Daimler Proceeds will remain in the Additional Proceeds Account, subject to treatment under the Plan.

  • Subject to the terms hereof, the Additional Proceeds Account shall be funded with any Daimler Proceeds and, upon the conclusion of the Daimler Litigation, any General Unsecured Daimler Fund Balance.

  • The General Unsecured Claims Reserve may be established as a separate account and treated as a Liquidation Account hereunder, or it may be separately accounted for as part of the Additional Proceeds Account.

  • Except as set forth in Section II.A.1.c.iv, any Daimler Proceeds shall vest in the Liquidation Trust and shall be deposited in the Additional Proceeds Account consistent with the Liquidation Trust Agreement.

  • On or prior to the Effective Date, the Additional Proceeds Account shall be established by (a) the Debtors and transferred to the Liquidation Trust in accordance with the Plan or (b) the Liquidation Trust Agreement.

  • Subject to the terms of the Plan, the Additional Proceeds Account shall be funded with any Daimler Proceeds and, upon the conclusion of the Daimler Litigation, any General Unsecured Daimler Fund Balance.

  • The General Unsecured Claims Reserve may be established as a separate account and treated as a Liquidation Account under the Plan, or it may be separately accounted for as part of the Additional Proceeds Account.

  • Except as set forth in Section II.A.1.c.iv of the Plan, anyDaimler Proceeds shall vest in the Liquidation Trust and shall be deposited in the Additional Proceeds Account consistent with the Liquidation Trust Agreement.

  • Except as set forth in Section II.A.1.c.iv of the Plan, any Daimler Proceeds shall vest in the Liquidation Trust and shall be deposited in the Additional Proceeds Account consistent with the Liquidation Trust Agreement.

  • Any Cash not distributed pursuant to this Section V.E.6: (a) with respect to Claims other than Allowed General Unsecured Claims, will be returned to the applicable Liquidation Account subject to treatment pursuant to the Plan; or (b) with respect to Allowed General Unsecured Claims, will be retained in the Additional Proceeds Account for redistribution Pro Rata to holders of Allowed General Unsecured Claims.

Related to Additional Proceeds Account

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

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

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.