Excess Funds Subaccount definition

Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.
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Excess Funds Subaccount means the excess funds subaccount established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.
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Excess Funds Subaccount means any residual or excess funds subaccount of the Collection Account other than the Reserve Subaccount.
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Examples of Excess Funds Subaccount in a sentence

  • In addition, if on any Payment Date funds on deposit in the General Subaccount are insufficient to make the allocations contemplated by Section 8.02(e)(ix), the Indenture Trustee shall draw any amounts on deposit in the Excess Funds Subaccount to make such allocations to the Capital Subaccount.

  • Initially the Collection Account shall be divided into three subaccounts, which need not be separate accounts: a general subaccount (the “General Subaccount”); an excess funds subaccount (the “Excess Funds Subaccount”); and a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).


More Definitions of Excess Funds Subaccount

Excess Funds Subaccount with respect to the Bonds, has the meaning specified in Section 8.02(a) of the Indenture and, with respect to any Additional Bonds, the meaning set forth in the applicable Additional Indenture.
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Excess Funds Subaccount. Balance: c)
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Related to Excess Funds Subaccount

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Subaccount means any subaccount designated and established hereunder.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage: