Note Payment Account definition

Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

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Note Payment Account means the trust account established and maintained as such pursuant to Section 4.1(b) of the Sale and Servicing Agreement.

Note Payment Account. The account established by the Indenture Trustee pursuant to Section 8.02 of the Indenture and Section 5.01 of the Servicing Agreement. Amounts deposited in the Note Payment Account will be distributed by the Indenture Trustee in accordance with Section 3.05 of the Indenture.

Examples of Note Payment Account in a sentence

• The Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, on behalf of all Noteholders, waive any Event of Servicing Termination and its consequences, except an event resulting from the failure to make any required deposits to or payments from the Collection Account, the Note Payment Account, the Certificate Payment Account or the Reserve Account in accordance with this Agreement.

• The Note Payment Account shall be held in trust for the benefit of the Noteholders.

• The Note Payment Account shall be under the sole dominion and control of the Indenture Trustee; provided, however, that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Note Payment Account in accordance with this Agreement and the Indenture.

• All monies deposited from time to time in the Note Payment Account pursuant to this Agreement and the Indenture shall be held by the Indenture Trustee as part of the Trust Property and shall be applied as provided in this Agreement and the Indenture.

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

More Definitions of Note Payment Account

Note Payment Account has the meaning set forth in Section 2.3(c) of the 2023-3 Servicing Supplement.

Note Payment Account. The Eligible Account established and maintained pursuant to Section 5.01(a)(2) hereof.

Note Payment Account. The note payment account maintained by or on behalf of the Securities Administrator for the benefit of the Noteholders pursuant to Section 6.01.

Note Payment Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.8 and entitled “Deutsche Bank National Trust Company, as Indenture Trustee in trust for the Noteholders of the HLSS Servicer Advance Receivables Backed Notes, Note Payment Account.”

Note Payment Account means the special account so designated which is established pursuant to Section 4.1 of this Note Resolution.

Note Payment Account has the meaning specified in the Sale and Servicing Agreement.

Note Payment Account means the segregated account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.01 and entitled "Norwest Bank Minnesota, National Association, as Trustee for Midland Receivables-Backed Notes, Series 1998-1, Note Payment Account."