Spread Account definition

Spread Account means the account designated as such, established and maintained pursuant to Section 5.1(a) of the Sale and Servicing Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Spread Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

Spread Account means the Spread Account established and maintained pursuant to the Spread Account Agreement.

Examples of Spread Account in a sentence

• If the Trust Certificates and interests in the Spread Account are held by more than one Person, this Agreement shall be amended to include such provisions as are required or appropriate under Subchapter K of the Code in order for the Trust to be treated as a partnership whose partners are the beneficial owners of the Trust Certificates and the Depositor (or other holders of interests in the Spread Account).

• During the Transition Period, until NH Credit or the Successor Servicer has delivered the Servicer’s Certificate required under Section 4.8 hereof, any amounts remaining in the Collection Account and the Spread Account, after the payments referred to in clauses (i) and (ii) above are made, shall be held therein until the next Payment Date and the Indenture Trustee shall have no obligation to make any other payments in respect of such Payment Date.

• Funds on deposit in the Trust Accounts shall be invested in Eligible Investments (or other investments permitted by the Rating Agencies that, in the case of investments relating to the Spread Account, meet the requirements of Regulation RR) that will mature on the following Payment Date.

• The Trust Accounts shall be under the sole dominion and control of the Indenture Trustee for the benefit of (A) with respect to the Spread Account, the Trust, and (B) in all other cases, the Noteholders and the Certificateholders or the Noteholders, as the case may be.

More Definitions of Spread Account

Spread Account is defined in subsection 4.12(a).

Spread Account means the account designated as such, established and maintained pursuant to the Spread Account Agreement.

Spread Account means the account designated as such, established and maintained pursuant to the Spread Account Agreement Supplement.

Spread Account means the Series Spread Account established and maintained pursuant to the Spread Account Agreement.

Spread Account means the account established and maintained as such pursuant to Section 4.01.

Spread Account. The Spread Account established and maintained pursuant to the Spread Account Agreement.

Spread Account means the Spread Account established by the Company, pursuant to the Sale and Servicing Agreement, in favor of the Indenture Trustee on behalf of the Holders of Notes and Certificates and as Collateral Agent for Financial Security.