Liquidation Yield Reserve Account Sample Clauses

Liquidation Yield Reserve Account. (3) The Custodian, upon the direction of the Servicer, shall have the right to exercise all rights in connection with the Series 2022-1 Liquidation Yield Reserve Account, including the authority to give to the applicable financial institution at which the Series 2022-1 Liquidation Yield Reserve Account has been established all drafts, demands, withdrawal requests and instructions of every kind and nature with respect to the operation of the Series 2022-1 Liquidation Yield Reserve Account; provided that such drafts, demands, withdrawal requests and instructions shall only be given in accordance with and subject to the provisions of this Agreement and the Pooling and Servicing Agreement. The Custodian, upon the direction of the Servicer, shall: (a) invest or direct another authorized Person to invest on its behalf funds on deposit in the Series 2022-1 Liquidation Yield Reserve Account that are to be invested solely in, subject to Section 7.5, Eligible Investments so that such Eligible Investments will mature on or before the Business Day prior to the payment date for which such funds are required for payment, withdrawal or transfer, and (b) possess all title documents to and other evidence of ownership of all funds from time to time on deposit in, and all Eligible Investments credited to, the Series 2022-1 Liquidation Yield Reserve Account and all proceeds thereof. All income or other gain from, and the principal amount of, investments of funds previously deposited in the Series 2022-1 Liquidation Yield Reserve Account shall, when earned or upon their maturity, forthwith be paid by the Custodian, upon the direction of the Servicer, to the Seller in respect of the Retained Interest. Any charges or expenses associated with such investments may be charged to and netted against such investment earnings.
Sample 1See All (5)
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Liquidation Yield Reserve Account. The Custodian shall ensure that the Series 2022-1 Liquidation Yield Reserve Account and all funds deposited therein are kept separate and segregated from the Custodian’s assets, the Series 2022-1 Co-Owner’s and the Seller’s, respectively, other assets, and from the assets attributable to any other Series delivered and deposited pursuant to the Pooling and Servicing Agreement.
Sample 1See All (4)
Liquidation Yield Reserve Account. Established in the Name of: Computershare Trust Company of Canada, as Custodian Name of Eligible Institution: The Bank of Nova Scotia Address of Eligible Institution: 00 Xxxx Xxxxxx Xxxx Xxxxxxx, Xxxxxxx X0X 0X0 Account No.: 000-00000-00 Designation of Account: “GLACIER CR-LIQ YIELD RES 2022-1” FORM OF DISTRIBUTION NOTICE - Attached - FORM OF NOTICE RESPECTING OWNERSHIP INCOME SHARE TO: [Canadian Tire Bank or Successor Servicer], as Servicer FROM: Canadian Tire Bank, as Administrator of Glacier Credit Card Trust (the “Trust”) The following information is reported to you in our capacity as Administrator of the Trust, in accordance with Section 5.5 of the Second Amended and Restated Pooling and Servicing Agreement dated November 11, 2010 as amended by a First Amendment Agreement dated as of May 14, 2019 and Section 6.1(1) of the Series 2022-1 Purchase Agreement dated September 27, 2022, in each case, as may be amended, restated or supplemented:
Sample 1
Liquidation Yield Reserve Account. Established in the Name of: Computershare Trust Company of Canada, as Custodian Name of Eligible Institution: The Bank of Nova Scotia Address of Eligible Institution: 00 Xxxx Xxxxxx Xxxx Xxxxxxx, Xxxxxxx X0X 0X0 Account No.: 000-00000-00 Designation of Account: “GLACIER CR-LIQ YIELD RES 2019-1” SCHEDULE 2 FORM OF DISTRIBUTION NOTICE - Attached - SERIES 2019-1 DISTRIBUTION NOTICE DATED: As of June 12, 2019 FROM: GLACIER CREDIT CARD TRUST, by its trustee COMPUTERSHARE TRUST COMPANY OF CANADA TO: CANADIAN TIRE BANK, as Seller and Servicer COPY: COMPUTERSHARE TRUST COMPANY OF CANADA, as agent for and on behalf of the Sellers, the Co-Owners and the other Persons who from time to time are party to the Series Purchase Agreements
Sample 1

Related to Liquidation Yield Reserve Account

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • Reserve Fund (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.

  • Reserve Funds Section 7.1.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Available Funds $ 6,875,245.00 ---------------

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

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