Exchange Note Collection Account definition

Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.
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Exchange Note Collection Account means the account designated as such, established and maintained pursuant to Section 5.2(f) of the Servicing Agreement.
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Exchange Note Collection Account with account number ;
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Examples of Exchange Note Collection Account in a sentence

  • The Servicer may direct the Indenture Trustee, if the Notes are Outstanding, and then, the Collateral Agent, to withdraw from the Exchange Note Collection Account and pay to the Servicer any amounts the Servicer is entitled to retain under this Section 4.4(c) if those amounts have been deposited in the Exchange Note Collection Account.

  • On the Exchange Note Issuance Date, the Servicer will deposit in the Exchange Note Collection Account an amount equal to the sum of (i) the Cutoff Date Payahead Amount and (ii) all Active Lease Proceeds, Terminating Lease Proceeds and Closed Lease Proceeds (excluding Recoveries) received and applied on the Leases during the period from the Cutoff Date to two Business Days before the Exchange Note Issuance Date.

  • As additional compensation for performing its obligations under the Servicing Agreement and this Supplement and as reimbursement for costs and expenses incurred in performing its obligations, the Servicer will be entitled to retain for its own account Lease Administration Amounts (or to withdraw and retain Lease Administration Amounts that nevertheless have been deposited in the Exchange Note Collection Account).

  • The Issuer will cause the Servicer to deposit on the Business Day before the Redemption Date (or, with satisfaction of the Rating Agency Condition, on the Redemption Date) in the Exchange Note Collection Account the amount required under Section 6.1 of the Servicing Supplement, and the Notes will be paid in full on the Redemption Date.

  • Following the payment in full of the 2024-B Exchange Note, the Exchange Note Collection Account will be under the control of the Borrowers.

  • After the Notes are paid in full and the Bank Accounts are released from the Lien of the Indenture, the Exchange Note Collection Account will be under the control of the Collateral Agent, the Collection Account will be under the control of the Servicer and the Reserve Account will be under the control of the Depositor.

  • The Servicer may direct the Indenture Trustee to withdraw from the Exchange Note Collection Account and pay to the Servicer or as directed by the Servicer amounts that are not Exchange Note Available Funds for a Collection Period or that were deposited in the Exchange Note Collection Account in error.

  • The Financial Institution has established the following accounts (each, a "Collateral Account"): "Exchange Note Collection Account – U.S. Bank Trust Company, National Association as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2024-B" with account number 247181000; and "Reserve Account – U.S. Bank Trust Company, National Association as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2024-B" with account number 247181002.

  • At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw the amount, if any, from the Reserve Account and deposit it in the Exchange Note Collection Account.

  • The Titling Companies jointly and severally Grant to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Secured Parties, all the Titling Companies' right, title and interest in, to and under, whether now owned or existing or later acquired in, the Exchange Note Collection Account and the Reserve Account.


More Definitions of Exchange Note Collection Account

Exchange Note Collection Account means, with respect to each Exchange Note, the account designated as such in the related Exchange Note Supplement and/or Servicing Supplement.
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Exchange Note Collection Account means the account designated as such with respect to any Reference Pool pursuant to Section 5.2(f)(ii) of the Closed-End Servicing Agreement.
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Related to Exchange Note Collection Account

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Principal Collections means Collections of Principal Receivables.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Investor Principal Collections means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections retained or deposited in the Principal Account for Series 2012-1 pursuant to Section 4.3(b)(ii) for such Monthly Period.

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.