SUBI Account definition

SUBI Account shall have the meaning set forth in Section 7.1(a).
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SUBI Account means each Trust Account created with respect to a particular SUBI.
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SUBI Account means, with respect to a SUBI, the SUBI Collection Account or the SUBI Lease Funding Account.
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Examples of SUBI Account in a sentence

  • Except as otherwise set forth in this 1997-A SUBI Servicing Supplement or in any other Securitization Trust Document, the Servicer shall, on at least a monthly basis, deposit into the 1997-A SUBI Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1997-A Leased Vehicle.

  • All amounts held in the SUBI Account shall be invested in Eligible Investments in accordance with the Indenture until distributed or otherwise applied in accordance with the Indenture.

  • In connection with the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Account").

  • TLI shall accept the transfer of the 1998-C SUBI Certificate and the 1998-C SUBI Insurance Certificate to the TLI SUBI Account.

  • If at any time the Servicer shall not have given the Titling Trustee a timely investment directive with respect to any 1997-A SUBI Account, the Titling Trustee shall invest and reinvest any monies in such account(s) in a mutual fund offered by the Trust Agent or another affiliate of the Titling Trustee meeting the requirements of clause (i) of the definition of Permitted Investments.

  • To be paid at the time the investment is made.• Upon liquidation of the investment, if the Investors have achieved a Gross Remuneration on the invested amount in excess of 7% (hurdle rate), a fee of 20% (carried interest) is payable to theManager on this amount surplus.

  • Except as otherwise provided for or contemplated in Section 7.1(b) of the Trust Agreement (as supplemented by this Supplement) and the Relevant Documents, the SUBI Account shall relate solely to the 2007-B SUBI and the 2007-B SUBI Portfolio, and funds therein shall not be commingled with any other monies.

  • If the Trust Agent at any time does not have the Required Deposit Rating, the Administrative Agent shall, with the assistance of the Trust Agent, as necessary, cause each such 1999-A SUBI Account to be moved as described in Section 4.02(a) of the Origination Trust Agreement.

  • Each such 1999-A SUBI Account initially shall be established with U.S. Bank, as Trust Agent, so long as the Trust Agent has the Required Deposit Rating.

  • TLI shall accept the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate to the TLI SUBI Account.


More Definitions of SUBI Account

SUBI Account. With respect to any SUBI Certificate pledged under the Indenture, the related SUBI Account (as such term is defined in Section 7.1(a) of the Trust Agreement) shall be the Master Lockbox Account.
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SUBI Account means the [____]-[_] SUBI Collection Account and any other trust account established with respect to the [____]-[_] SUBI.
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SUBI Account means, with respect to a SUBI, the SUBI Collection Account or the SUBI Lease Funding Account that is established and maintained in connection therewith in accordance with Section 7.01(a) of the Titling Trust Agreement.
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SUBI Account has the meaning assigned to such term in the Annex of Definitions.
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SUBI Account has the meaning set forth in Section 4.01(a) hereof.
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SUBI Account shall have the meaning set forth in Section 8.1(a). ------------ --------------
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Related to SUBI Account

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Interest 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.

  • 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."

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Direct Account : means any Account which is not an ISA Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

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

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Note Account As defined in the Indenture.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Administration Account As defined in Section 7.02.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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