Upper-Tier Distribution Account definition
Upper-Tier Distribution Account. A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.
Upper-Tier Distribution Account. The trust account or accounts created and maintained as a separate trust account or accounts by the Trustee pursuant to Section 3.05(b), which shall be entitled "LaSalle National Bank, as Trustee, in trust for Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 1998-C1, Upper-Tier Distribution Account" and which must be an Eligible Account.
Upper-Tier 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 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 “Citibank, N.A., as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2015-GC29, Upper-Tier Distribution Account” and which must be an Eligible Account.
Examples of Upper-Tier Distribution Account in a sentence
Amounts distributable pursuant to this paragraph are referred to herein collectively as the “Lower-Tier Distribution Amount”, and shall be made by the Certificate Administrator by deeming such Lower-Tier Distribution Amount to be withdrawn from the Lower-Tier Distribution Account to be deposited in the Upper-Tier Distribution Account on each Distribution Date.
More Definitions of Upper-Tier Distribution Account
Upper-Tier Distribution Account and “Regular Interest Distribution Account”, respectively). The Distribution Account must be an Eligible Account. On each Remittance Date, the Servicer shall transfer from the Collection Account to the Certificate Administrator for deposit into the Distribution Account all funds remaining on deposit therein pursuant to clause (xii) of Section 3.4(c). The Certificate Administrator shall credit the funds remitted by the Servicer from the Collection Account to the Distribution Account. Amounts held in the Distribution Account shall be uninvested. The Certificate Administrator shall make withdrawals from the Distribution Account (i) to withdraw any amounts deposited therein in error, (ii) to deposit any required Withheld Amounts into the Interest Reserve Account pursuant to Section 3.4(d) and (iii) to make distributions to the Holders of the Certificates pursuant to Section 4.1.
Upper-Tier 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 Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identity of the Trustee or the Certificate Administrator) shall be entitled “W▇▇▇▇ Fargo Bank, National Association, as Certificate Administrator, on behalf of W▇▇▇▇ Fargo Bank, National Association, as Trustee, for the registered Holders of CSAIL 2015-C3 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2015-C3, Upper-Tier Distribution Account” and which must be an Eligible Account.
Upper-Tier Distribution Account. The segregated account or accounts (or a subaccount of the Distribution Account) created and maintained by the Trustee pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "LaSalle Bank National Association, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mort▇▇▇▇ ▇▇▇▇-▇hrough Certificates, 2007-LDP11, Upper-Tier Distribution Account." Any such account or accou▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇le Account (or a subaccount of the Distribution Account).
Upper-Tier Distribution Account means the subaccount deemed to be a part of the Distribution Account and maintained by the Trustee pursuant to Section 3.04(b).
Upper-Tier 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 Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which shall be entitled “W▇▇▇▇ Fargo Bank, National Association, as Certificate Administrator, in trust for Deutsche Bank National Trust Company as Trustee, for Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ7, Upper-Tier Distribution Account” and which must be an Eligible Account.
Upper-Tier 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 Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identity of the Trustee or the Certificate Administrator) shall be entitled “▇▇▇▇▇ Fargo Bank, National Association, as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2014-GC22, Upper-Tier Distribution Account” and which must be an Eligible Account.
Upper-Tier Distribution Account. The segregated account or accounts (or a subaccount of the Distribution Account) created and maintained by the Paying Agent pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "JPMorgan Chase Bank, as Paying Agent, in trust for the registered Holders of J.P. Morgan C▇▇▇▇ ▇▇▇▇▇▇c▇▇▇ ▇ortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2003-PM1, Upper-Tier Distribution Account". Any such account or accounts shall be an Eligible Account (or a subaccount of the Distribution Account).