Series Collection Subaccount definition

Series Collection Subaccount shall have the meaning specified in subsection 3.1(a).
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Series Collection Subaccount shall have the meaning specified in subsection 3.01(a).
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Series Collection Subaccount is defined, for any Series, in the related Indenture Supplement.
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Examples of Series Collection Subaccount in a sentence

  • The Collection Account shall be divided into individual subaccounts for each Outstanding Series (each, respectively, a "Series Collection Subaccount" and, collectively, the "Series Collection Subaccounts") and for the Company (the "Company Collection Subaccount").

  • At the written direction of the Company (or the Servicer on behalf of the Company), funds on deposit in the Collection Account and any Series Collection Subaccount available for investment, shall be invested by the Trustee in Eligible Investments selected by the Company (or the Servicer on behalf of the Company).

  • The Trustee shall also establish individual ---------------------------- subaccounts of the Collection Account for each outstanding Series (each, respectively, a "Series Collection Subaccount" and, collectively, the "Series ---------------------------- ------ Collection Subaccounts") and for the Transferor (the "Transferor Collection ---------------------- --------------------- Subaccount").

  • For administrative purposes only, the Trustee shall establish or ---------- cause to be established for each Series, so long as such Series is an outstanding Series, sub-subaccounts of the Series Collection Subaccount with respect to such Series (respectively, the "Series Principal Collection Sub- ------------------------------- subaccount" and "Series Non-Principal Collection Sub-subaccount").

  • In the manner described in the related Indenture Supplement, to the extent that Collections that are allocated to any Series are not needed to make 18 24 payments to Investor Noteholders of such Series or required to be deposited in a Series Collection Subaccount or Series Account for such Series on any Settlement Date, such Collections may, at the direction of the Issuer, be applied to cover principal payments due to or for the benefit of Investor Noteholders of another Series.

  • Any earnings (net of losses and investment expenses) (the “Investment Earnings”) on such invested funds in a Series Collection Subaccount and any other sub-subaccounts as specified in the related Supplement will be deposited by the Trustee in the Series Collection Subaccount or in such other sub-subaccount specified in the related supplement.

  • They know that their possessions are safe and that they have more private space.

  • The amount of the Clean-Up Call Repurchase Price will be deposited into the Collection Account for credit to the Series Collection Subaccount for such Series on such Distribution Date in immediately available funds and will be passed through in full to the applicable Investor Certificateholders.

  • Daily ------------------------------------------------------ allocations of the portion of Collections allocated to the Series Collection Subaccount of each Series shall be made in the manner set forth in the related Supplement.

  • All Investment Earnings on funds on deposit in the Trust Accounts (other than any Series Collection Subaccount) shall be deemed to constitute a portion of the Trust Available Funds.


More Definitions of Series Collection Subaccount

Series Collection Subaccount shall have the meaning specified in Section 4.2(a) of the Agreement.
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Related to Series Collection Subaccount

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Finance Charge Account is defined in Section 4.9(a).

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

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • 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.

  • Note Account As defined in the Indenture.

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Interest Reserve Account As defined in Section 3.4(d).

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

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.