Bank Accounts definition

Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

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Bank Accounts means the Reserve Account and the Collection Account.

Bank Accounts means the Issuer’s bank accounts operated and/or maintained by or on behalf of the Issuer from time to time.

Examples of Bank Accounts in a sentence

When there are no Notes Outstanding and all amounts due from the Issuer to the Indenture Trustee have been paid in full under Section 6.7 or 10.1, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to those funds under this Indenture or the other Transaction Documents, the funds then in the Bank Accounts under this Indenture.
Subject to Section 6.1(c), the Indenture Trustee will not be liable for any insufficiency in Bank Accounts resulting from a loss on a Permitted Investment, except for losses attributable to the Indenture Trustee's failure to make payments on the Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and not as trustee.
The Issuer may, without furnishing any Officer's Certificates or Independent Certificates under Section 11.3(c), (i) collect, liquidate, sell or dispose of Receivables and Financed Vehicles in the ordinary course of its business, so long as Collections, Liquidation Proceeds, Recoveries and other proceeds of the dispositions are applied according to this Indenture and (ii) make cash payments out of the Bank Accounts, in each case, as and if permitted or required by the Transaction Documents.
The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.
A Responsible Person of the Indenture Trustee will notify the Qualified Institution maintaining the Bank Accounts (if not the Indenture Trustee) if an Event of Default has occurred and is continuing.

More Definitions of Bank Accounts

Bank Accounts means the Exchange Note Collection Account, the Collection Account and the Reserve Account.

Bank Accounts means those account(s) opened and maintained for the Fund and/ or the respective Allocation Plan(s) by the Trustee at the instruction of the Management Company at Banks, the beneficial ownerships in which the Unit Holder(s) shall invest in.

Bank Accounts shall have the meaning set forth in Section 5.4.1.

Bank Accounts shall have the meaning set forth in Section 3.20.

Bank Accounts means those accounts in the name of the Trustee of the Fund, the beneficial ownership of which rests with the Unit Holders.

Bank Accounts is defined in Section 11.16(f).

Bank Accounts has the meaning assigned to such term in Section 6.01(b) of Schedule 2.02(a) to this Agreement.