Class A Agent definition
Examples of Class A Agent in a sentence
The Class A Agent shall, not later than 12:00 noon on the Business Day preceding each Distribution Date, withdraw from the Yield Supplement Reserve Account and deposit in the Certificate Account an amount equal to the Yield Supplement Amount for such Distribution Date.
The Class A Agent shall have no duty or liability to determine the Required Yield Supplement Reserve Account Balance and may fully rely on the determination thereof by the Servicer.
All Yield Supplement Property in the Yield Supplement Reserve Account shall be applied by the Class A Agent as specified in this Yield Supplement Agreement and the Pooling and Servicing Agreement.
If, on any Distribution Date, the funds in the Yield Supplement Reserve Account are in excess of the Required Yield Supplement Reserve Account Balance for such Distribution Date after giving effect to all distributions to be made on such Distribution Date, the Class A Agent shall pay the Company the amount of such excess.
On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and pay to the Class A Agent, to the extent of Total Finance Charge Collections for such Business Day (after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (xii) of the Agreement), an amount equal to the sum of all unpaid Class A Supplemental Payments.