Series 2021-1 Distribution Account definition

Series 2021-1 Distribution Account has the meaning specified in Section 4.2(a)(iii) (Series 2021-1 Accounts) of this Series 2021-1 Supplement.
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Series 2021-1 Distribution Account is defined in Section 2.9(a).
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Examples of Series 2021-1 Distribution Account in a sentence

  • If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution Account or any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof.

  • If the Series 2021-1 Distribution Account is not maintained in accordance with the previous sentence, ABRCF shall establish a new Series 2021-1 Distribution Account, within ten (10) Business Days after obtaining knowledge of such fact, which complies with such sentence, and shall instruct the Series 2021-1 Agent in writing to transfer all cash and investments from the non-qualifying Series 2021-1 Distribution Account into the new Series 2021-1 Distribution Account.

  • On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2021-1 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2021-1 Collection Account and deposit such amount in the Series 2021-1 Distribution Account, to be paid to the holders of the Series 2021-1 Notes.

  • In the absence of written investment instructions hereunder, funds on deposit in the Series 2021-1 Distribution Account shall remain uninvested.

  • The Trustee shall cause the proceeds of any demand on the Series 2021-1 Demand Note to be deposited into the Series 2021-1 Distribution Account.

  • Initially, the Series 2021-1 Distribution Account will be established with The Bank of New York Mellon Trust Company, N.A.

  • The Trustee shall cause the proceeds of any demand on the Series 2021-1 Demand Notes to be deposited into the Series 2021-1 Distribution Account.

  • The Trustee shall deposit, or cause the deposit of, the applicable portion of the proceeds of any draw on the Multi-Series Letters of Credit related to the Series 2021-1 Notes and the proceeds of any withdrawal from the Series 2021-1 Cash Collateral Account to be deposited in the Series 2021-1 Distribution Account.

  • On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3(a) from the Series 2021-1 Accrued Interest Account and deposit such amounts in the Series 2021-1 Distribution Account.

  • If the Series 2021-1 Securities Intermediary in respect of any Series 2021-1 Distribution Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities Intermediary set forth in this Section 3.9.

Related to Series 2021-1 Distribution Account

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

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

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

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).