Subaccounts definition
Examples of Subaccounts in a sentence
For administrative purposes, the Subaccounts may be established by the Indenture Trustee as separate accounts.
All references to the Collection Account shall be deemed to include reference to all Subaccounts contained therein.
All deposits to and withdrawals from the Collection Account, all allocations to the Subaccounts of the Collection Account and any amounts to be paid to the Servicer under Section 8.02(c) shall be made by the Indenture Trustee in accordance with the written instructions provided by the Servicer in the Monthly Servicer’s Certificate, the Servicer’s Certificate or upon other written notice provided by the Servicer pursuant to Section 6.11(a) of the Servicing Agreement, as applicable.
Withdrawals from and deposits to each of Subaccounts of the Collection Account shall be made as set forth in Section 8.02(d) and (e).