Upper-Tier Certificate Account definition

Upper-Tier Certificate Account. The trust account established and maintained pursuant to Section 4.01(e).
Upper-Tier Certificate Account. The separate Eligible Account established and maintained by the Trustee pursuant to Section 3.08(f).
Upper-Tier Certificate Account. The custodial account or accounts created and maintained with the Trustee pursuant to Section 4.02 and included in the Upper-Tier REMIC.

Examples of Upper-Tier Certificate Account in a sentence

  • Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.....................................................

  • Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.........................................

  • Section 3.11 Permitted Withdrawals from the Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.....

  • Servicer Custodial Account; Certificate Account; and Upper-Tier Certificate Account......................................................

  • References to “the Code” are to the U.S. Internal Revenue Code of 1986, as amended.

  • Section 3.11 Permitted Withdrawals from the Servicer Custodial Account, Certificate Accounts, and Upper-Tier Certificate Account.........................................

  • Section 3.11 Permitted Withdrawals from the Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account.....................................................

  • Servicer Custodial Accounts; Collection Account; Certificate Account; and Upper-Tier Certificate Account.

  • Servicer Custodial Account; Certificate Accounts and Upper-Tier Certificate Account .....................................................

  • Servicer Custodial Account; Certificate Account; and Upper-Tier Certificate Account..................

Related to Upper-Tier Certificate Account

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

  • Upper-Tier Certificate Any one of the Class A Certificates (other than the Class A-LR Certificate) and the Class B Certificates.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of BMO 2022-C1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-C1, and the Uncertificated Interest Owners, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account. The Upper-Tier REMIC Distribution Account shall be an asset of the Upper-Tier REMIC.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

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

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

  • Lower-Tier REMIC Distribution Account The segregated account, accounts or sub-accounts created and maintained by the Certificate Administrator (on behalf of the Trustee) pursuant to Section 3.04(b) in trust for the Certificateholders, which shall initially be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of BANK 2017-BNK4, Commercial Mortgage Pass-Through Certificates, Series 0000-XXX0, Xxxxx-Xxxx REMIC Distribution Account”. Any such account, accounts or sub-accounts shall be an Eligible Account.

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

  • Class A-P Certificate Any one of the Certificates designated as a Class A-P Certificate.

  • Class A-R Certificate The Certificate executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-R and Exhibit C hereto.

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

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • 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).

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

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

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Class P Certificate Any one of the Class P Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-5 and evidencing a Regular Interest in REMIC II for purposes of the REMIC Provisions.

  • 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.

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

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.