Certificate Distribution Account definition

Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

Certificate Distribution Account shall have the meaning assigned to such term in Section 11.1.

Certificate Distribution Account. The account, if applicable, designated as such, established and maintained pursuant to Section 5.1(a) of the Trust Agreement.

Examples of Certificate Distribution Account in a sentence

• On each Payment Date, to the extent Definitive Certificates have been issued, the Certificate Paying Agent shall withdraw from the Certificate Distribution Account and distribute to the Certificateholders, pro rata based on the Percentage Interest of each Certificateholder, all funds received in accordance with the provisions of the Indenture and this Agreement.

• Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders.

• If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

• To the extent Definitive Certificates have been issued, the Certificate Paying Agent shall make distributions in accordance with the Servicer’s Certificate to Certificateholders from the Certificate Distribution Account pursuant to Section 5.2. Any Certificate Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions referred to above.

• Deposits into the Certificate Distribution Account shall be made in accordance with the provisions of the Indenture, the Sale and Servicing Agreement and this Agreement.

More Definitions of Certificate Distribution Account

Certificate Distribution Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Certificate Distribution Account means the account established and maintained as such pursuant to Section 5.01.

Certificate Distribution Account shall have the meaning assigned to such term in Section 5.1.

Certificate Distribution Account is defined in Section 5.1 of the Trust Agreement.

Certificate Distribution Account means the account established pursuant to Section 5.01(a).

Certificate Distribution Account. The account or accounts created and maintained pursuant to Section 3.10(c) of the Trust Agreement. The Certificate Distribution Account shall be an Eligible Account.

Certificate Distribution Account. The account designated as such, established and maintained pursuant to Section 5.02 hereof.