Finance Charge Account is defined in Section 4.9(a).
Finance Charge Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.
Finance Charge Account shall have the meaning specified in subsection 4.02(b).
Examples of Finance Charge Account in a sentence
Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date.
On each Transfer Date, all interest and earnings (net of losses and investment expenses) accrued since the preceding Transfer Date on funds on deposit in the Reserve Account shall be retained in the Reserve Account (to the extent that the Available Reserve Account Amount is less than the Required Reserve Account Amount) and the balance, if any, shall be deposited into the Finance Charge Account and included in Class A Available Funds for such Transfer Date.
Reserve Account (a) The Reserve Draw Amount on the related Transfer Date $ 0.00 ----------------- (b) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class A Available Funds $ 0.00 ----------------- (c) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class B Available Funds $ 0.00 ----------------- 11.
The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date to be treated as Class B Available Funds $ 0.00 ----------------- 10.
On each Transfer Date for which the Seller or The Bank of New York is the Servicer, the Servicer Interchange with respect to the related Monthly Period that is on deposit in the Finance Charge Account shall be withdrawn from the Finance Charge Account and paid to the Servicer in payment of a portion of the Investor Servicing Fee with respect to such Monthly Period.
More Definitions of Finance Charge Account
Finance Charge Account shall have the meaning specified in Section 6(A).
Finance Charge Account the "Principal Account" and the "Distribution Account"), each bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the VFN Series 2003-3 Noteholders. Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Finance Charge Account, the Principal Account and the Distribution Account and in all proceeds thereof. The Finance Charge Account, the Principal Account and the Distribution Account shall be under the sole dominion and control of Indenture Trustee for the benefit of the VFN Series 2003-3 Noteholders. If at any time the institution holding the Finance Charge Account, the Principal Account and the Distribution Account ceases to be a Qualified Institution, Transferor shall notify Indenture Trustee in writing, and Indenture Trustee upon being notified (or Servicer on its behalf) shall, within ten (10) Business Days, establish a new Finance Charge Account, a new Principal Account and a new Distribution Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Finance Charge Account, new Principal Account and new Distribution Account. Indenture Trustee, at the written direction of Servicer, shall (i) make withdrawals from the Finance Charge Account, the Principal Account and the Distribution Account from time to time, in the amounts and for the purposes set forth in this Indenture Supplement. Indenture Trustee at all times shall maintain accurate records reflecting each transaction in the Finance Charge Account, the Principal Account and the Distribution Account, so long as such accounts are established and maintained with Indenture Trustee.
Finance Charge Account is defined in SECTION 4.9(a).
Finance Charge Account and the Principal Account shall be under the sole dominion and control of the Trustee for the benefit of the Series 2001-3 Certificateholders. Pursuant to authority granted to it hereunder, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Finance Charge Account and the Principal Account for the purpose of carrying out the Servicer's or the Trustee's duties hereunder. The Trustee at all times shall maintain copies of all written reports and instructions that it receives reflecting each transaction in the Principal Account and the Finance Charge Account and that funds held therein shall at all times be held in trust for the benefit of the Series 2001-3 Certificateholders.
Finance Charge Account the "Principal Account" and the "Principal Funding Account", respectively), bearing a designation clearly indicating that the funds therein are held in trust for the benefit of the Series 1999-1 Investor Certificateholders. The Servicer, on behalf of the Trustee (or the Trustee so long as the Finance Charge Account, the Principal Account or the Principal Funding Account, are established with the Trustee), at all times shall maintain accurate records reflecting each transaction in the Principal Account, the Finance Charge Account and the Principal Funding Account, and that funds held therein shall at all times be held in trust for the benefit of the Series 1999-1 Investor Certificateholders. Pursuant to the authority granted to it pursuant to subsection 3.1(b), the Servicer shall have the power, revocable by the Trustee, to withdraw funds, and to instruct the Trustee to withdraw funds, from the Finance Charge Account, Principal Account and the Principal Funding Account for the purpose of carrying out its duties hereunder. All such instructions from the Servicer to the Trustee shall be in writing; provided, however, that the Servicer is entitled to give instructions to the -------- ------- Trustee by facsimile.
Finance Charge Account means the account of the Buyer held and maintained at the office of ANB located at 00 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, and in the name of the Buyer and over which the Buyer shall have sole dominion and control, entitled: Name of Account Account "National Funding Corporation, 4236076 Proceeds of Design Benefit Plans, Inc. Receivables - Finance Charge Account."
Finance Charge Account the "Principal Account," the "Principal Accumulation Account," the "Distribution Account," the "Spread Account," the "Reserve Account"), each bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2007-1 Noteholders. The Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account are hereby designated as the Series Accounts for the Series 2007-1 Notes. Except as otherwise provided in Section 4.11, Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in each Series Account and in all proceeds thereof. Except as otherwise provided in Section 4.11, each Series Account shall be under the sole dominion and control of Indenture Trustee for the benefit of the Series 2007-1 Noteholders. If at any time the institution holding a Series Account ceases to be a Qualified Institution, Transferor shall notify Indenture Trustee in writing, and Indenture Trustee upon being notified (or Servicer on its behalf) shall, within ten (10) Business Days, establish a new Series Account meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new Series Account. Indenture Trustee, at the written direction of Servicer, shall make withdrawals from and deposits to each Series Account from time to time, in the amounts and for the purposes set forth in this Indenture Supplement. Indenture Trustee at all times shall maintain accurate records reflecting each transaction in each Series Account, so long as such accounts are established and maintained with Indenture Trustee.