Excess Funding Account definition

Excess Funding Account shall have the meaning specified in Section 4.02.

Excess Funding Account has the meaning specified in the Indenture.

Excess Funding Account has the meaning specified in the Asset Pool One Supplement.

Examples of Excess Funding Account in a sentence

• The obligation of each Transferor to accept reassignment of any Ineligible Receivable or Ineligible Collateral Certificate conveyed to the Trust by such Transferor, and to make the deposits, if any, required to be made to the Excess Funding Account as provided in this Section 2.6, shall constitute the sole remedy respecting the event giving rise to such obligation available to the Trust or the Noteholders (or the Indenture Trustee on behalf of the Noteholders).

• The obligation of the Transferor to accept reassignment of any Ineligible Collateral Certificate or Ineligible Receivable previously conveyed to the Trust by the Transferor, and to make the deposits, if any, required to be made to the applicable Excess Funding Account as provided in this Section, shall constitute the sole remedy respecting the event giving rise to such obligation available to the Trust or the Noteholders (or the Indenture Trustee or the Collateral Agent on behalf of the Noteholders).

• The property described in the two preceding sentences, together with all monies and other property on deposit in the Collection Account, the Excess Funding Account, the Series Accounts and any Series Enhancement shall constitute the assets of the Trust (the “Trust Assets”).

• Any amount deposited into the Excess Funding Account and the Collection Account, respectively, in connection with the reassignment of an Ineligible Receivable shall be considered a Transfer Deposit Amount and shall be applied in accordance with Article IV and the terms of each Supplement.

• The obligation of the Transferor to accept reassignment of any Ineligible Receivables, and to make the deposits, if any, required to be made to the Excess Funding Account and the Collection Account, respectively, as provided in this Section 2.05, shall constitute the sole remedy respecting the event giving rise to such obligation available to Investor Certificateholders (or the Trustee on behalf of the Investor Certificateholders) or any Series Enhancer.

More Definitions of Excess Funding Account

Excess Funding Account is defined in Section 8.03 of the Indenture.

Excess Funding Account has the meaning specified in subsection 5.1(a)(ii).

Excess Funding Account shall have the meaning specified in subsection ---------------------- ---------- 4.1(b). ------

Excess Funding Account is defined in Section 402(b) of the Indenture.

Excess Funding Account shall have the meaning specified in Section 4.04(d)(i).

Excess Funding Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 8.2.

Excess Funding Account means the account established in accordance with subsection 4.02(f) hereof.