Excess Collateral Holder definition

Excess Collateral Holder means the entity so designated in writing by the Transferor to the Trustee.
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Examples of Excess Collateral Holder in a sentence

  • In the event the Trustee or the Paying Agent withholds any amount from payments made to any Excess Collateral Holders pursuant to federal withholding requirements, the Trustee or the Paying Agent shall indicate to such Excess Collateral Holders the amount withheld and all such amounts shall be deemed to have been paid to such Excess Collateral Holder and the Excess Collateral Holders shall have no claim therefor.

  • On and after the Transfer Date immediately preceding the Distribution Date on which the Class B Invested Amount will be paid in full, and on each Distribution Date thereafter until the Excess Collateral Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Excess Collateral Holder from the Distribution Account such amounts deposited with respect to Excess Collateral Monthly Principal into the Distribution Account on such Transfer Date.

  • Notwithstanding the foregoing, if so designated in writing by the Transferor, any such payment of Excess Collateral Daily Principal on the Defeasance Date shall not be made to the Excess Collateral Holder and shall instead be made to the Transferor but such amount shall nonetheless be subtracted from each of the Excess Collateral Amount and the Excess Collateral Outstanding Principal Amount.

  • On the Expected Final Payment Date with respect to the Accumulation Period, following any deposit to the Distribution Account pursuant to subsection 4.12(g) of the Agreement, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class A Securityholders, Class M Securityholders, Class B Securityholders and Excess Collateral Holder from the Distribution Account in the manner described in subsection 4.12(g) below.

  • Any amounts remaining in the Cap Proceeds Account, Collection Account and the Payment Reserve Account, to the extent of any Available Series 2001-2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (x) of the Agreement, shall be distributed to the Excess Collateral Holder.

  • Any amounts remaining in the Collection Account and the Payment Reserve Account, to the extent of any Available Series [-] Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (x) of the Agreement, shall be distributed to the Excess Collateral Holder.

  • Any amounts remaining in the Cap Proceeds Account, Collection Account and the Payment Reserve Account, to the extent of any Available Series 2001-4 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (x) of the Agreement, shall be distributed to the Excess Collateral Holder.

  • Any amounts remaining in the Cap Proceeds Account, Collection Account and the Payment Reserve Account, to the extent of any Available Series 2000-2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (x) of the Agreement, shall be distributed to the Excess Collateral Holder.

  • Any amounts remaining in the Cap Proceeds Account, Collection Account and the Payment Reserve Account, to the extent of any Available Series 2001-3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (x) of the Agreement, shall be distributed to the Excess Collateral Holder.

  • On the September 2003 Transfer Date and on each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer shall withdraw from the Accumulation Period Reserve Account and distribute to the Excess Collateral Holder, to the extent of funds available after giving effect to the withdrawal pursuant to subsections 4.18(c)(i) and (ii) of the Agreement, an amount equal to the Excess Collateral Minimum Monthly Interest for the related Interest Accrual Period.

Related to Excess Collateral Holder

  • Excess Collateral has the meaning set forth in Section 5.7.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.