Administration Account definition

Administration Account. As defined in Section 7.02.

Administration Account means the employment security administration account

Administration Account means the account (account number 1002422076) of the Administrator maintained at the office of PNC at One PNC Plaza, 000 Xxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, or such other account as may be so designated in writing by the Administrator to the Servicer.

Examples of Administration Account in a sentence

• Funds in the Swap Administration Account shall remain uninvested.

• In the event that a replacement swap contract cannot be procured, any Swap Termination Payment received from the Counterparty in respect of the termination of the original Swap Contract shall be held in the Swap Administration Account and distributed as provided in Section 4.

• The Trustee and the Securities Administrator shall not be accountable for the use or application by the Depositor of funds paid to the Depositor in consideration of the assignment of the Mortgage Loans to the Trust Fund by the Depositor or for the use or application of any funds deposited into the Collection Account, the Certificate Account, the Securities Administration Account any Escrow Account or any other fund or account maintained with respect to the Certificates.

• The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract.

• All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3.

More Definitions of Administration Account

Administration Account means the account (account number 196030010890) of the Facility Agent maintained at the office of PNC at One PNC Plaza, 249 Xxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, xx such other account as may be so designated in writing by the Facility Agent to the Servicer.

Administration Account means the account from time to time designated in writing by the Administrator to the Seller and the Servicer.

Administration Account means the account designated as the Administration Account established and maintained by the Seller with PNC Bank, National Association having account number 8616156712 and ABA number 000-000-000, or such other account as may be so designated as such by the Seller with notice to the Administrator and each Purchaser Agent.

Administration Account means the account established for the purposes of paying administration costs and distributing the Settlement Amount in accordance with the Settlement. The Administration Account shall be an interest-bearing account maintained by the Settlement Administrator at a financial institution mutually selected by the Amegy and Class Counsel. Until the Effective Date occurs, any funds in the Administration Account shall remain property of, and will be owned by, Amegy.

Administration Account means the account bearing the same name set forth on Schedule V of this Agreement, or such other account as may be so designated in writing by the Administrator to the Servicer.

Administration Account means the account number 1002422076 of the Administrator maintained at the office of PNC at One PNC Plaza, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2707, or such other xxxxxxx xx xxx xx xx xxxxxxxxxx xx xxxxxxx xx xxx Xxxinistrator to the Servicer.

Administration Account or “Common Fund” means the account into which Defendant will pay the Gross Settlement Amount (defined below) and upon funding will be used for the purposes of (i) paying settlement administration costs; (ii) distributing settlement benefits to Claimants (defined below); (iii) distributing any Court-approved awards of Attorneys’ Fees and Costs, and Service Awards (defined below) in accordance with the terms of this Agreement; and