Upper-Tier Certificate Account definition

Upper-Tier Certificate Account. The trust account established and maintained pursuant to Section 4.01(e).
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Upper-Tier Certificate Account. The separate Eligible Account established and maintained by the Trustee pursuant to Section 3.08(f).
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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.
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Examples of Upper-Tier Certificate Account in a sentence

  • The Trustee may clear and terminate the Upper-Tier Certificate Account pursuant to Section 9.01.

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

  • On each Distribution Date, funds on deposit in the Upper-Tier Certificate Account shall be used to make payments on the Regular Certificates and the Class A-R Certificate as provided in Sections 5.01 and 5.

  • On each Distribution Date, funds on deposit in the Upper-Tier Certificate Account shall be used to make payments on the Regular Certificates, the Class A-PO Certificates and the Class 1-A-R Certificate as provided in Sections 5.01 and 5.

  • The Master Servicer may clear and terminate the Upper-Tier Certificate Account pursuant to Section 9.01.

  • On each Distribution Date other than the Final Distribution Date (if such Final Distribution Date is in connection with a purchase of the assets of the Trust Estate by the Depositor), the Paying Agent shall, on behalf of the Master Servicer, from funds available on deposit in the Payment Account, be deemed to deposit, in immediately available funds, by wire transfer or otherwise, into the Upper-Tier Certificate Account the Lower-Tier Distribution Amount.

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

  • On each Distribution Date (other than the Final Distribution Date, if such Final Distribution Date is in connection with a purchase of the assets of the Trust Estate by the Depositor), the Certificate Administrator shall, from funds available on deposit in the Certificate Account, deposit, in immediately available funds, by wire transfer or otherwise, into the Upper-Tier Certificate Account, the Lower-Tier Distribution Amount.

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

  • On each Distribution Date (other than the Final Distribution Date, if such Final Distribution Date is in connection with a purchase of the assets of the Trust Estate by the Depositor), the Trustee shall, from funds available on deposit in the Certificate Account, deposit, in immediately available funds, by wire transfer or otherwise, into the Upper-Tier Certificate Account, the Lower-Tier Distribution Amount.