Note Account definition

Note Account. As defined in the Indenture.

Note Account. The Note Account established in accordance with Section 8.3 of the Indenture and maintained by the Indenture Trustee.

Note Account means the account designated as such, established and maintained pursuant to Section 5.1(b) of the Sale and Servicing Agreement.

Examples of Note Account in a sentence

• The obligation of the Servicer to accept reassignment, reallocation or assignment of such Loans, and to make the deposits, if any, required to be made to the Collection Account or other applicable Note Account as provided in the preceding paragraph, shall constitute the sole remedy available to the Issuer, the Depositor, the North Carolina Trust, the Noteholders or the Indenture Trustee with respect to a breach of such Applicable Representations, except as provided in Section 6.04.

• The Servicer shall effect such assignment or reallocation, as applicable, by making a deposit into the Collection Account or other applicable Note Account in immediately available funds not later than the Payment Date immediately following the Collection Period in which such forty-five day period expired in an amount equal to the Repurchase Price of the affected Loans as of the date of such deposit.

More Definitions of Note Account

Note Account means the Collection Account, the Principal Distribution Account or the Reserve Account, as applicable.

Note Account. The segregated note account established in accordance with Section 3.02(a) hereof and maintained at the Corporate Trust Office.

Note Account means the account of that name established pursuant to Section 8.05 of this Indenture.

Note Account means an account maintained hereunder by the Agent on its books of account at the Payment Office and, with respect to the Issuer, in which the Issuer will be charged with all Obligations incurred by the Issuer.

Note Account has the meaning given to such term in Section 3.01(a).

Note Account. The segregated trust account, which shall be an Eligible Account, established and maintained pursuant to Section 8.02 and entitled " , as Indenture Trustee for Loan Trust 200 - Loan Backed Notes, Series 200 - Note Account," on behalf of the Noteholders and the Note Insurer.

Note Account shall have the meaning assigned thereto in the Indenture.