Examples of Distribution Accounts in a sentence
Any Paying Agent shall have the revocable power to withdraw funds from the Series Distribution Accounts, the Series Interest Funding Accounts and the Series Principal Funding Accounts for the purpose of making the distributions referred to above.
The TPA shall pay the Custodian a service charge for activity costs associated with the Contribution and Distribution Accounts maintained at the Custodian, as described in a separate schedule with the TPA.
Each of the Related Distribution Accounts, Related Note Liquidation Accounts and Related Collateral Accounts shall be maintained, (i) if RBC has the High Rating, at RBC; and (ii) if RBC does not have the High Rating, at a Canadian chartered bank or trust company which has the High Rating, which may include Affiliates of the Issuer Trustee or the Indenture Trustee and the Issuer Trustee or the Indenture Trustee itself, as applicable.
The Parties wish to conclude the present Agreement in order for the Customer, acting as Lead Manager, to appoint CBL to act as commission agent (commissionaire) on the Lead Manager’s behalf in relation to the Syndicated New Issues Distribution and to instruct CBL, in its capacity as commission agent (commissionaire), to open, in CBL’s books, Syndicated New Issues Distribution Accounts in CBL’s name, which shall be subject to and operated in accordance with the terms and conditions of the present Agreement.
As provided in the Trust Agreement and the Indenture, withdrawals from the Securities Distribution Accounts will be made from time to time for purposes other than payments to the Ownership Certificateholder.