Lower-Tier Distribution Account definition
Lower-Tier Distribution Account. A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.
Lower-Tier Distribution Account. The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-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, Lower-Tier Distribution Account” and which must be an Eligible Account. The Lower-Tier Distribution Account shall be an asset of the Lower-Tier REMIC.
Lower-Tier Distribution Account. The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-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 benefit of the registered Holders of CSAIL 2015-C3 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2▇▇▇-▇▇, ▇▇▇▇▇-▇▇▇▇ Distribution Account” and which must be an Eligible Account. The Lower-Tier Distribution Account shall be an asset of the Lower-Tier REMIC.
Examples of Lower-Tier Distribution Account in a sentence
In addition, the Servicer shall transfer all amounts required to be transferred to the Certificate Administrator for deposit in the Lower-Tier Distribution Account on or prior to the Servicer Remittance Date from the Collection Account pursuant to Section 3.4 and Section 3.5 of this Agreement.
For the avoidance of doubt, the Collection Account, the Interest Reserve Account and the Lower-Tier Distribution Account (including interest, if any, earned on the investment of funds in such accounts) will be owned by the Lower-Tier REMIC, and the Upper-Tier Distribution Account (including interest, if any, earned on the investment of funds such account) will be owned by the Upper-Tier REMIC, each for U.S. federal income tax purposes.
More Definitions of Lower-Tier Distribution Account
Lower-Tier Distribution Account. The segregated account, accounts or sub-accounts 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▇▇▇▇ ▇▇▇▇-▇h▇▇▇▇▇ Certificates, Series 2005-LDP5, Lower-Tier Distribution Account". Any such account, accounts ▇▇ ▇▇▇-▇▇▇▇▇▇▇▇ ▇▇▇▇l be an Eligible Account.
Lower-Tier Distribution Account means the sub-account deemed to be a part of the Distribution Account and maintained by the Trustee pursuant to Section 3.04(b).
Lower-Tier Distribution Account. The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-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 benefit of the registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2014-GC22, Lower-Tier Distribution Account” and which must be an Eligible Account. The Lower-Tier Distribution Account shall be an asset of the Lower-Tier REMIC.
Lower-Tier Distribution Account. The segregated account, accounts or sub-accounts created and maintained by the Paying Agent pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "[________], as Paying Agent, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mo▇▇▇▇▇▇ ▇▇▇▇-▇▇▇▇▇gh Certificates, Series [________], Lower-Tier Distribution Account." Any such account, accounts or sub-accounts shall be an Eligible Account.
Lower-Tier Distribution Account. The account or accounts created and maintained as a separate 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 ▇▇▇▇-▇▇, ▇▇▇▇▇-▇▇▇▇ Distribution Account" and which must be an Eligible Account.
Lower-Tier Distribution Account. The segregated account or accounts created and maintained by the Paying Agent pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "The Chase Manhattan Bank, as Paying Agent, in trust for the registered Holders of Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series ▇▇▇▇-▇, ▇▇▇▇▇-▇▇▇▇ Distribution Account". Any such account or accounts shall be an Eligible Account.
Lower-Tier Distribution Account. The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which shall be entitled “U.S. Bank National Association, as Certificate Administrator, on behalf of U.S. Bank National Association, as Trustee, on behalf of the registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series ▇▇▇▇-▇▇▇▇, ▇▇▇▇▇-▇▇▇▇ Distribution Account” and which must be an Eligible Account. The Lower-Tier Distribution Account shall be an asset of the Lower-Tier REMIC.