Initial Deposit Account definition

Initial Deposit Account. The Initial Deposit Account established in accordance with Section 3.04(b) hereof and maintained by the Trustee, which shall be entitled "Wells Fargo Bank Minnesota, National ▇▇▇▇ciation, as Trustee, in trust for registered Holders of Option One Mortgage Loan Trust 2000-3, Asset-Backed Certificates, Series 2000-3 Initial Deposit Account", which must be an Eligible Account.
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Initial Deposit Account means the Initial Deposit Account within the Bond Fund created in the Indenture.
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Initial Deposit Account. The Initial Deposit Account established in accordance with Section 4.11 hereof and maintained by the Trustee, which shall be entitled "Initial Deposit Account, Deutsche Bank National Trust Company, as agent for Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2002-AR1" and which must be an Eligible Account.
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Examples of Initial Deposit Account in a sentence

  • The Trustee shall be required to withdraw such earnings from the Initial Deposit Account and remit the same to the Depositor on the first Distribution Date (or as soon as received if such funds are not available on such Distribution Date), and shall thereupon terminate such account.

  • Any investment earnings on funds in the Initial Deposit Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • On the Closing Date, the Depositor shall remit or cause to be remitted to the Trustee, for deposit in the Initial Deposit Account, and the Trustee shall deposit the Initial Deposit, to the extent received by it, into the Initial Deposit Account.

  • On the first Distribution Date, (i) the Initial Deposit relating to the Group I Mortgage Loans will be transferred from the Group I Initial Deposit Account to the Distribution Account and (ii) the Initial Deposit relating to the Group II Mortgage Loans will be transferred from the Group II Initial Deposit Account to the Distribution Account for inclusion in the Available Funds for such Distribution Date.

  • The Initial Deposit Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC.


More Definitions of Initial Deposit Account

Initial Deposit Account means the Initial Deposit Account within the Bond Fund created in Section 5.01 hereof. "Interest Payment Date" means each _ _ 1 and _ 1, commencing
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Initial Deposit Account means a Deposit Account maintained on the books of The Bank of New York Mellon in the name of “▇▇▇▇▇▇ ▇▇▇▇▇▇▇ – Collateral Pledged by ▇▇▇▇▇▇▇ Credit Opportunities Master Ltd.,” with respect to which ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is the Bank’s “customer” within the meaning of UCC Section 4-104 (together with any successor account).
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Initial Deposit Account means, with respect to an Exercising Noteholder, a separate interest bearing EUR account in the name of the Custodian opened by the Custodian on behalf of the Issuer with the Deposit Bank and referenced to the relevant Exercising Noteholder, on terms that interest shall accrue daily on the Initial Deposit Account Balance at a rate equal to an overnight rate for deposits in EUR, determined by the Calculation Agent in a commercially reasonable manner on a daily basis, into which any Initial Deposit Amount and any Further Deposit Amounts shall be deposited. Such daily interest shall be added to the Initial Deposit Account Balance at the close of business (London time)
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Initial Deposit Account. The Initial Deposit Account established in accordance with
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Initial Deposit Account means, with respect to an Exercising Noteholder, a separate interest bearing SGD account in the name of the Custodian opened by the
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Initial Deposit Account. The Initial Deposit Account established in accordance with Section 4.11 hereof and maintained by the Trust Administrator, which shall be entitled "Initial Deposit Account, Bankers Trust Company of California, N.A., as agent for U.S. Bank National Association, as Trustee, in trust for the registered holders of Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2002-1" and which must be an Eligible Account.
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Initial Deposit Account means the Initial Deposit Account within the Bond Fund created in Section 5.01 hereof.
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