Owner Trust Accounts definition

Owner Trust Accounts has the meaning specified in Section 8.2.
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Owner Trust Accounts means any or all of the Certificate Distribution Account, the Collection Account or the Reserve Account, as applicable.
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Owner Trust Accounts has the meaning set forth in the Trust Agreement.
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Examples of Owner Trust Accounts in a sentence

  • The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Owner Trust Accounts and in all proceeds thereof.

  • The Indenture Trustee, at the direction of the Administrator, shall make withdrawals from the Owner Trust Accounts from time to time, in the amounts and for the purposes set forth in the Indenture.

  • The Paying Agent shall have the revocable power to withdraw funds from the Owner Trust Accounts and make distributions to the Noteholders and the Certificateholders, pursuant to Section 2.7. For so long as any of the Notes are listed on the Luxembourg Stock Exchange or other stock exchange and such exchange so requires, the Indenture Trustee shall maintain a co-paying agent in Luxembourg or the location required by such other stock exchange.

  • The Owner Trust Accounts shall be governed by the law of the State of New York and New York shall be the Securities Intermediary jurisdiction.

  • Each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Owner Trust Accounts shall be treated as a financial asset.

  • The Administrator shall establish and maintain, in the name of the Indenture Trustee, for the benefit of the Class C Noteholders (and, to the extent expressly provided in the Indenture, the Certificateholder), an Eligible Deposit Account (the "Owner Trust Spread Account"), and, together with the Note Distribution Account, the "Owner Trust Accounts"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Class C Noteholders.

  • The Indenture Trustee, at the direction of the Administrator, shall make withdrawals from the Owner Trust Accounts from time to time, in the amounts and for the purposes set forth in this Indenture.

  • Notwithstanding Section 2.9 or any provision of this Section, the Issuer may (A) collect, liquidate, sell or otherwise dispose of the Series Certificate as and to the extent permitted or required by the Basic Documents and (B) make cash payments out of the Owner Trust Accounts as and to the extent permitted or required by the Basic Documents.

  • The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Note Distribution Account and the Owner Trust Spread Account (collectively, the "Owner Trust Accounts") and in all proceeds thereof.

  • All securities or other property underlying any financial assets credited to the Owner Trust Accounts shall be registered in the name of The Bank of New York, indorsed to The Bank of New York in blank or credited to another securities account maintained in the name of The Bank of New York and in no case will any financial asset credited to the Owner Trust Accounts be registered in the name of the Issuer, payable to the order of the Issuer or specially indorsed to the Issuer.


More Definitions of Owner Trust Accounts

Owner Trust Accounts shall be treated as a financial asset. The Owner Trust Accounts shall be governed by the law of the State of New York and New York shall be the Securities Intermediary jurisdiction.
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Owner Trust Accounts means any or all of the CRB Collection Account, the Certificate Account or the Note Account, as applicable.
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Related to Owner Trust Accounts

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Master Trust means Citibank Credit Card Master Trust I.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Owner Trustee Fee means an annual fee equal to $3,000, payable on the Payment Date occurring in August of each year, commencing in August 2024.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.