Note Distribution Account definition

Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).
Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.
Note Distribution Account means the account designated as such, and established and maintained pursuant to Section 4.01 of the Sale and Servicing Agreement.

Examples of Note Distribution Account in a sentence

  • On or before each Payment Date and Redemption Date, the Issuer shall deposit or cause to be deposited in the Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act.

  • All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account, the Note Distribution Account and the Reserve Account shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid to the Issuer except as provided in this Section.

  • The Issuer will not, directly or indirectly, make payments to or distributions from the Note Distribution Account, the Collection Account or the Reserve Account except in accordance with this Indenture and the other Basic Documents.

  • On each Remittance Date, Xxxxxx Xxx will pay to the Issuer, for deposit into the Note Distribution Account by the Indenture Trustee, (a) the Transfer Amount for the related Payment Date, it being understood that the Trust Estate Yield for the related Payment Date will be deemed to satisfy, up to the amount of such Trust Estate Yield, Fannie Mae's Transfer Amount payment obligation for such Remittance Date and (b) the Return Reimbursement Amount, if any, for such Remittance Date.

  • Upon providing twenty (20) days’ prior notice of the redemption of the Notes to the Indenture Trustee pursuant to Section 10.01 of the Indenture, the Servicer shall deposit to the Note Distribution Account on the Business Day preceding the Redemption Date an amount equal to the Redemption Price and shall succeed to all interests in and to the Receivables.


More Definitions of Note Distribution Account

Note Distribution Account means the account established and maintained as such pursuant to Section 7.01.
Note Distribution Account means the trust account established by the Indenture Trustee on behalf of the Noteholders pursuant to Section 8.02, into which amounts released from the 20[__]-[__] SUBI Collection Account and the Reserve Fund for distribution to Noteholders shall be deposited and from which all distributions to Noteholders shall be made.
Note Distribution Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 8.2(a) of this Indenture.
Note Distribution Account has the meaning set forth in the Indenture.
Note Distribution Account means the account established and maintained as such pursuant to Section 4.01.
Note Distribution Account means the account specified on Exhibit A.
Note Distribution Account means the Note Distribution Account established and maintained pursuant to Section 5.01(a)(ii) hereof.