Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).
Distribution Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York, in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2001-1". Funds in the Distribution Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Distribution Account. The separate Eligible Account created and maintained by the Securities Administrator, on behalf of the Trustee, pursuant to Section 4.01. Funds in the Distribution Account (exclusive of any earnings on investments made with funds deposited in the Distribution Account) shall be held in trust for the Trustee and the Certificateholders for the uses and purposes set forth in this Agreement.
Examples of Distribution Account in a sentence
On the Closing Date, the Manager must cause the Company to establish the Distribution Account with the Paying Agent in accordance with the Custodial and Paying Agency Agreement.
Without limitation of the foregoing, on each Distribution Date, the Debtor will, as and to the extent of available funds required to be deposited in the Distribution Account, direct the Paying Agent to distribute amounts on deposit in the Distribution Account as set forth in Section 5.1 of the Custodial and Paying Agency Agreement (subject to the other terms thereof).
More Definitions of Distribution Account
Distribution Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05(d) in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered holders of Alternative Loan Trust 2005-17 Mortgage Pass-Through Certificates, Series 2005-17." Funds in the Distribution Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Distribution Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.27(b) in the name of the Trustee for the benefit of the Certificateholders and designated "Deutsche Bank National Trust Company in trust for registered Holders of FFMLT Trust 2005-FF8 Mortgage Pass-Through Certificates, Series 2005-FF8." Funds in the Distribution Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and may be invested in Permitted Investments.
Distribution Account. Collectively, the Lower-Tier REMIC Distribution Account and the Upper-Tier REMIC Distribution Account, each of which may be subaccounts of a single Eligible Account.
Distribution Account means an account established at a Banking Institution designated by the Fund in Special Instructions.
Distribution Account shall have the meaning set forth in Section 3.6(a).
Distribution Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.
Distribution Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(e) in the name of the Trustee for the benefit of the Certificateholders and designated "Deutsche Bank National Trust Company in trust for registered holders of IndyMac INDX Mortgage Loan Trust 2005-AR5, Mortgage Pass-Through Certificates, Series 2005-AR5." Funds in the Distribution Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.