Excess Proceeds Account. The separate account or accounts created and maintained pursuant to Section 3.25, which shall be entitled "Bankers Trust Company, in trust for registered holders of Mortgage Pass-Through Certificates, Series 1995-Q8, Excess Proceeds Account," and which account or accounts shall be an Eligible Account.

Excess Proceeds Account means the account established and maintained pursuant to Section 8.07.

Excess Proceeds Account means a separate interest-bearing account established by the DIP Agent into which Net Asset Sale Proceeds of all asset sales of PSC and the Subsidiaries consummated on or after the Date of Filing are deposited and into which all proceeds at any time deposited into the Proceeds Account (without giving effect to any disbursements from the Proceeds Account prior to the Date of Filing) in excess of US$93,000,000 (after post-closing adjustments of no greater than US$4,000,000 deposited into the Proceeds Account with respect to the sale of certain assets of PSC's aluminium division prior to the Date of Filing) shall also be deposited, which funds shall be held by the DIP Agent to be distributed in accordance with this Plan and the U.S. Plan on the Effective Date;

Examples of Excess Proceeds Account in a sentence

After such date no further amounts shall be deposited in or withdrawn from the Excess Proceeds Account.
The Excess Proceeds Account shall be maintained as a segregated account, separate and apart from trust funds created for mortgage pass-through certificates of other series, from funds of investors, from funds or other assets of the Trustee, and from the other accounts of the Trustee.
No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Custodial Account, the Excess Proceeds Account or the Certificate Account.
Upon completion of the Projects, any moneys remaining in the General Construction Fund (other than moneys retained to pay costs, expenses and interest not then due and payable) shall be transferred to the Excess Proceeds Account and shall be held and disbursed by the Trustee in accordance with Section 6.04 of the Indenture.
On or before the Closing Date, the Trustee shall establish the Excess Proceeds Account on behalf of the Trust, which must be an Eligible Account, and shall deposit therein an amount equal to the Excess Proceeds received from the Company pursuant to Section 2.02(r).

More Definitions of Excess Proceeds Account

Excess Proceeds Account has the meaning ascribed thereto in Section 5.8.

Excess Proceeds Account. The separate account or accounts created and maintained pursuant to Section 3.24, which shall be entitled "The First National Bank of Chicago, in trust for registered holders of Mortgage Participation Securities, Series 1997-NAMC 2, Excess Proceeds Account," and which account or accounts shall be an Eligible Account.

Excess Proceeds Account means a separate interest-bearing account established by the DIP Agent into which Net Asset Sale Proceeds of all asset sales of PSC and the Subsidiaries consummated on or after the Petition Date are deposited and into which all proceeds at any time deposited into the Pre-Petition Proceeds Account (without giving effect to any disbursements from the Pre-Petition Proceeds Account prior to the Petition Date) in excess of $93,000,000 (after post-closing adjustments of no greater than $4,000,000 deposited into the Pre-Petition Proceeds Account with respect to the sale of certain assets of PSC's aluminum division prior to the Petition Date) shall also be deposited, which funds shall be held by the DIP Agent to be distributed in accordance with this Plan on the Effective Date.

Excess Proceeds Account means a separate trust account created and ----------------------- maintained pursuant to Section 8.07 in the name of the Trust in an Eligible Institution.

Excess Proceeds Account means the account established and maintained ----------------------- pursuant to Section 6.01(d) of the Sale and Servicing Agreement.

Excess Proceeds Account has the meaning assigned in Section 8.07(a).

Excess Proceeds Account means the account established and maintained ----------------------- pursuant to Section 8.08.