Principal Funding Account definition

Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

Principal Funding Account shall have the meaning set forth in ------------------------- subsection 4.16(a) of the Agreement.

Principal Funding Account means the account established with the Note Paying Agent for the benefit of the Noteholders under Section 8.2(a).

Examples of Principal Funding Account in a sentence

The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Principal Funding Account and in all proceeds thereof.
Principal Funding Investment Proceeds (including reinvested interest) shall not be considered part of the amounts on deposit in the Principal Funding Account for purposes of this Series Supplement.
The deposit required in connection with any such repurchase shall include the amount, if any, on deposit in the Principal Funding Account and will be equal to the sum of (a) the Investor Interest and (b) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs.
The Principal Funding Account shall be under the sole dominion and control of the Trustee for the benefit of the Investor Certificateholders.
Funds on deposit in the Principal Funding Account on any Transfer Date, after giving effect to any withdrawals from the Principal Funding Account on such Transfer Date, shall be invested in such investments that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date.

Principal Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

Principal Funding Account means the Eligible Deposit Account designated as such and established pursuant to Section 4.06(a).

Principal Funding Account means the Eligible Deposit Account designated as such and established pursuant to subsection 4.07(a).

Principal Funding Account with account number 241135002. The Distribution Account set forth in clause (i) above shall constitute the Distribution Account for Series 2023-5. The Reserve Account set forth in clause (ii) above shall constitute the Reserve Account for Series 2023-5. The Principal Funding Account set forth in clause (iii) above shall constitute the Principal Funding Account for Series 2023-5. Each of the Series 2023-5 Accounts (x) shall constitute a Trust Financing Account for Series 2023-5 and (y) has been (or will be) pledged by the Trust to the Indenture Trustee for the sole benefit of the Series 2023-5 Secured Parties of Series 2023-5. No Credit Extensions of any Trust Financing (other than Series 2023-5) shall be secured by any interest in any Series 2023-5 Account. On and after the Closing Date, the Note Paying Agent will maintain the Series 2023-5 Accounts established by the Servicer under this Section 8.2. If an institution maintaining the Series 2023-5 Accounts ceases to be a Qualified Institution, the Indenture Trustee will, with the Servicer’s assistance as necessary, move the Series 2023-5 Accounts to a Qualified Institution within thirty (30) days. Deposits to, and distributions from, the Distribution Account, the Reserve Account and the Principal Funding Account shall be made solely as set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the other Series 2023-5 Series Related Documents.

Principal Funding Account has the meaning, with respect to any Series, specified in the related Indenture Supplement.

Principal Funding Account with account number 9084518400;

Principal Funding Account means the trust account designated as such and established pursuant to Section 5.01.