Eligible Account definition
Examples of Eligible Account in a sentence
The Unused Proceeds Account shall remain at all times an Eligible Account.
For the avoidance of doubt, each of the Payment Account, the Reinvestment Account, the Custodial Account and the Expense Reserve Account shall remain at all times an Eligible Account.
The Payment Account shall remain at all times an Eligible Account.
The Note Administrator shall segregate and hold all such amounts and property received by it in an Eligible Account in trust for the Secured Parties, and shall apply such amounts as provided in this Indenture.
A.) that satisfies the criteria set forth in clause (a) of the definition of Eligible Account, and any Eligible Investments made with funds from any Trust Account or the Certificate Distribution Account will be credited to an Eligible Account held by the corporate trust department of the Indenture Trustee (initially the Trust Collateral Agent) that satisfies the criteria set forth in clause (b) of the definition of Eligible Account.