Definition of Policy Payments Account

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

Examples of Policy Payments Account in a sentence

  1. Payments due hereunder in respect of Guaranteed Distributions will be disbursed by wire transfer of immediately available funds to the Policy Payments Account established pursuant to the Pooling and Servicing Agreement or, if no such Policy Payments Account has been established, to the Trustee.