Distribution Deposit definition
Distribution Deposit is defined in Section 2.4(c)(v) of this Agreement.
Examples of Distribution Deposit in a sentence
In addition, on each Distribution Deposit Date, the Servicers shall remit to the Trustee or its designee the Custodian for deposit in the Distribution Account all funds held in the Custodial Account that are required to be remitted by the Servicers in accordance with the terms of the Servicing Agreements.
In addition, on each Distribution Deposit Date, the Servicers shall remit to the Paying Agent for deposit in the Distribution Account all funds held in the Custodial Accounts that are required to be remitted by the Servicers in accordance with the terms of the Servicing Agreements.