Carrying Cost Account definition

Carrying Cost Account is defined in Section 4.2 of the Pooling Agreement.
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Carrying Cost Account shall have the meaning specified in Section 4.02(a).
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Carrying Cost Account. As defined in Section 6.04(a) of the Pooling and Servicing Agreement.
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Examples of Carrying Cost Account in a sentence

  • In addition, after the Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders and the Agent have been paid, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor, at or before 2:00 p.m., New York City time, in respect of the Transferor Certificate.

  • If, on any day, the amount of Collections that is then allocated to the Carrying Cost Account exceeds the amount of Collections that is then required to be allocated to the Carrying Cost Account, Servicer shall reallocate such Collections on such day to one or more of the obligations described in priorities second through fifth, and in the preceding paragraph, in the order of priority set forth therein.

  • On or before each Determination Date, with respect to the preceding Monthly Period and the related Distribution Date, the Servicer shall calculate each of the amounts required to be distributed or drawn from the Reserve Account, the Equipment Loan Collection Account and/or the Receivables Collection Account (including the Carrying Cost Account), as applicable, on the next succeeding Distribution Date.

  • Commencing upon the date specified in the notice to the Trustee (until an amount equal to the amount to be prepaid has been accumulated), the Servicer shall allocate a portion of the Collections available in the Master Collection Account, after making any required transfers to the Carrying Cost Account, to the Defeasance Account for purposes of the prepayment.

  • In addition, after the Group Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders have been paid, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor, in respect of the Transferor Certificate.

  • In addition, after the Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders have been paid, any additional funds on deposit in the Carrying Cost Account, the Purchase Account, the Principal Funding Account or the Overcollateralization Account shall similarly be paid to Transferor, at or before 2:00 p.m., New York City time, in respect of the Transferor Certificate.

  • On each date on which any payments are to be made, the Issuer shall cause amounts on deposit in the Carrying Cost Account, the Negative Carry Account, the Equalization Account and any Principal Funding Account to be paid to the Noteholders to the extent provided by and in accordance with the terms of the Notes, this Indenture and the related Series Supplement, less amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal.

  • On each Business Day, all Principal Collections in the Concentration Account shall be allocated and deposited in the following manner: First, so long as the Amortization Date has not occurred and no Set-Aside Period has occurred and is continuing, to the extent that the funds in the Carrying Cost Account are less than the Carrying Cost Amount, to the Carrying Cost Account up to the amount of such deficiency.

  • In addition, after the Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders have been paid, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor, in respect of the Transferor Certificate.

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More Definitions of Carrying Cost Account

Carrying Cost Account is defined in SECTION 4.01(b) of the Indenture.
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Carrying Cost Account shall have the meaning ascribed such term in applicable Series Supplement.
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Related to Carrying Cost Account

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Carrying Costs With respect to any Payment Date, the sum of amounts payable under Section 2.7(a)(iv)(A)-(C).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Basic Carrying Costs means, for any period, the sum of the following costs: (a) Taxes, (b) Other Charges and (c) Insurance Premiums.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

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

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

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

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Joint Account means an Account opened in more than one name;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

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

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

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

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.