Future Distribution Account Clause Samples
Future Distribution Account. The Indenture Trustee shall make deposits into and withdrawals from the Future Distribution Account as provided in Section 8.02. To the extent amounts to be paid to the Noteholders or any other Person are in the Future Distribution Account, the Indenture Trustee, based upon written instructions received from the Administrator, shall transfer such amounts from the Future Distribution Account to the Collection Account and make such payments from the Collection Account.
Future Distribution Account. On the Closing Date, the Issuer shall deposit the Future Distribution Account Initial Deposit, if any, into the Future Distribution Account.
(i) All amounts (less any Investment Earnings) on deposit in the Future Distribution Account with respect to principal and Carry-over Amounts allocated to the Auction Rate Notes will be distributed to that class on the Auction Rate Distribution Date pursuant to the priorities set forth in Section 2.8B above.
(ii) All amounts on deposit in the Future Distribution Account that are in excess of the amounts actually required to be distributed pursuant to Sections 2.8(a), 2.8(b), 2.8(c) and 2.8(d) above on any Quarterly Distribution Date, or during the three-months immediately preceding a Monthly Allocation Date, will be re-deposited into the Collection Account and become Available Funds on the immediately following Quarterly Distribution Date, as applicable.
Future Distribution Account. The “Future Distribution Account”, details of which are set forth in Schedule 1 hereto, shall be maintained by the Security Trustee as an additional account to the extent the Security Trustee considers it necessary to retain amounts pending distribution thereof to the Holders of Notes.