Capital Subaccount definition
Capital Subaccount is defined in Section 8.02(a) of the Indenture.
Capital Subaccount means the capital subaccount established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.
Capital Subaccount has the meaning set forth in Section 8.02(a). ------------------
Examples of Capital Subaccount in a sentence
Evidence satisfactory to the Indenture Trustee that the Required Capital Level has been credited to the Capital Subaccount.
Prior to the Initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level and Return on Invested Capital) shall be allocated to the General Subaccount.
Such separate accounts will be recognized individually as a Subaccount and collectively as the “Collection Account.” Prior to or concurrently with the issuance of SAC Bonds, the Member shall deposit into the Capital Subaccount an amount equal to the Required Capital Level.
More Definitions of Capital Subaccount
Capital Subaccount has the meaning set forth in the Indenture.
Capital Subaccount with respect to any Series has the meaning specified in Section 8.02(a) of the Indenture.
Capital Subaccount has the meaning specified in Section 8.02(a) of the Note Indenture.
Capital Subaccount means the capital subaccount of the Collection ------------------ Account.
Capital Subaccount iii Overcollateralization Subaccount: iv Reserve Subaccount: v. Servicer Advance Subaccount: vi Total Subaccount Draws:
Capital Subaccount. An account that will belong to the Special Purpose Securitization Entity, and will hold the initial capital contribution to the Special Purpose Securitization Entity and certain related amounts as described in Section XIII(D) of this Agreement.
Capital Subaccount for a series means a subaccount of the collection account in which the amount of capital required to be held by the issuer for that series of transition bonds will be deposited by the issuer on the date of issuance of that series.