Purchase Account Sample Clauses

Purchase Account. Subject to the conditions, covenants and agreements set forth in Section 313 of the Indenture, the Manager, the Issuer and the Lessor agree that the Manager shall (a) remit, or shall cause to be remitted, any and all Compressor Reinvestment Sales Proceeds to the Purchase Account, (b) use, or shall cause the use of, all or any portion of the Compressor Reinvestment Sales Proceeds on deposit in the Purchase Account to purchase Additional Compressors, and (c) direct, or shall cause the direction of, the Indenture Trustee to liquidate as necessary any and all Eligible Investments credited to the Purchase Account and to transfer from the Purchase Account to the Trust Account, (i) in accordance with, and at the times required by, Section 313(c) of the Indenture, any unused portion of such Compressor Reinvestment Sales Proceeds and (ii) in accordance with, and at the times required by, Section 313(d) of the Indenture, all funds in the Purchase Account.
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Purchase Account. (a) The Trustee will establish and maintain the Purchase Account. No later than the Closing Date, the Trustee will deposit in the Purchase Account: (i) the Group I Purchase Account Deposit from the proceeds of the sale of the Class A-1 Certificates and (ii) the Group II Purchase Account Deposit from the proceeds of the sale of the Class A-2 Certificates. Upon the conveyance of Subsequent Mortgage Loans to the Trust on any Subsequent Transfer Date, the Seller shall instruct the Trustee to withdraw from the Purchase Account (i) an amount equal to the Group I Subsequent Purchase Price for the Subsequent Mortgage Loans bearing fixed Mortgage Loan Rates to be included in Group I and make a corresponding reduction in the amount of the Group I Purchase Account Deposit and (ii) an amount equal to the Group II Subsequent Purchase Price for the Subsequent Mortgage Loans bearing adjustable Mortgage Loan Rates to be included in Group II and make a corresponding reduction in the amount of the Group II Purchase Account Deposit, in each case (other than on the last day in the Commitment Period) excluding any related Additional Subsequent Purchase Price, and to pay such amount to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02 of this Agreement with respect to such transfer. The aggregate Additional Subsequent Purchase Prices shall be released to the Seller as provided in the last paragraph of Section 2.02.
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Purchase Account. There has been created, pursuant to Section 6.16(a) of the Certificate Trust Agreement, a trust fund (the "Purchase Account") which shall be held by the Tender Agent subject to the terms and conditions and subject to the standard of care set forth in the Certificate Trust Agreement. Money in the Purchase Account shall be held solely for the account of the Holders who shall have tendered or been deemed to have tendered Certificates and if applicable, the Gainshare Amount described in Section 6.13(i) of the Certificate Trust Agreement. Only proceeds from the remarketing of Certificates, monies received pursuant to a drawing on the Liquidity Facility and monies deposited in accordance with the computation of the Gainshare Amount shall be deposited in the Purchase Account. All such transactions, if any, recorded in the Purchase Account shall be deemed to be simultaneous purchase and sale transactions between the former owner and the new owner of the Certificate remarketed.
Sample 1
Purchase Account. The Administrative Agent shall maintain an account on its books in the name of Seller (the “Purchase Account”) on which Seller will be charged with all Purchases, all Yield, all fees, and all other costs payable to the Administrative Agent or any Purchaser. The Purchase Account will be credited with all payments received for Seller’s account. The Administrative Agent shall render monthly statements regarding the Purchase Account to the Purchasers and the Seller, including Capital, Yield, fees, and an itemization of all other costs, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated between Seller and the Administrative Agent, for the benefit of the Purchasers unless, within 30 days after receipt thereof by Seller, Seller shall deliver to the Administrative Agent written objection thereto describing the error or errors contained in any such statements. Seller hereby authorizes the Administrative Agent, from time to time without prior notice to Seller, to charge to the Purchase Account for all Capital, Yield, fees and other costs owing hereunder or under any of the other Transaction Documents (in each case, as and when due and payable) which amounts thereafter shall constitute Purchases hereunder.
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Purchase Account. 74 Section 3.17. Capitalized Interest Account........................................................74 Section 3.18. Payments on the Certificate Insurance Policy........................................76 Section 3.19. Rights of the Certificate Insurer to Exercise Rights of Class A Certificateholders....................................81 Section 3.20. Trust and Accounts Held for Benefit of the Certificate Insurer......................81 ARTICLE FOUR REMITTANCE REPORT
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Purchase Account. The Administrative Agent shall maintain an account on its books in the name of the Seller (the “Purchase Account”) on which the Seller will be charged with all Purchasesfundings of Cash Purchase Price, all LC Disbursements, all Yield, all Interest, all feesFees and LC Fees, and all other costs payable to the Administrative Agent, the LC Issuer or any Purchaser. The Purchase Account will be credited with all payments received for Seller’s account. The Administrative Agent shall render monthly statements regarding the Purchase Account to the Purchasers and the Seller, including Capital, LC Disbursements, Yield, fees, and an itemization ofInterest, Fees, LC Fees and all other costs, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated between the Seller and the Administrative Agent, for the benefit of the PurchasersInvestor Parties, unless, within 30 days after receipt thereof by the Seller, the Seller shall deliver to the Administrative Agent written objection thereto describing the error or errors contained in any such statements. The Seller hereby authorizes the Administrative Agent, from time to time without prior notice to Seller, to charge to the Purchase Account for all Capital, Yield, feesLC Disbursements, Reimbursement Obligations, Yield, Interest, Fees, LC Fees, and all other costs payable to the Administrative Agent, the LC Issuer or any Purchaser owing hereunder or under any of the other Transaction Documents (in each case, as and when due and payable) which amounts thereafter shall constitute Purchases hereunder.
Sample 1
Purchase Account. 71 Section 3.17. Capitalized Interest Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 Section 3.18. Payments on the Certificate Insurance Policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Section 3.19. Rights of the Certificate Insurer to Exercise Rights of Class A Certificateholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 Section 3.20. Trust and Accounts Held for Benefit of the Certificate Insurer . . . . . . . . . . . . . . . . . . . . . . . 78 ARTICLE FOUR REMITTANCE REPORT
Sample 1
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Purchase Account. On or before the Business Day immediately preceding an Optional Tender Date for which the Registered Owner has given notice of optional tender of the Series 2022B Bond, the amount necessary to pay the purchase price of the Series 2022B Bond subject to mandatory purchase on the Optional Tender Date. Unpaid Base Rental Payments shall bear interest at the applicable rate of interest on the Bonds with respect to which Base Rental Payments remain unpaid. Any interest charged and collected on an unpaid Base Rental Payment shall be deposited to the credit of the Debt Service Fund and applied to pay interest on overdue amounts in accordance with the Bond Indenture. To the extent the moneys in the Interest Account, the Principal Account, the Redemption Account or Purchase Account are insufficient to pay any of the principal of and interest and premium, if any, on the Bonds when due, the Corporation shall immediately pay the amount of such deficiency to the Bond Trustee for the account of the Issuer for deposit in the appropriate account of the Debt Service Fund.
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Related to Purchase Account

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Suspense account The Security Trustee and any Creditor Party may, for the purpose of claiming or proving in a bankruptcy of a Borrower or any other Security Party, place any sum received or recovered under or by virtue of this Guarantee or any Security Interest connected with it on a separate suspense or other nominal account without applying it in satisfaction of the Borrowers’ obligations under the Loan Agreement or the Master Agreements.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Expense Account The Corporation shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Corporation’s business. Such expenses will include business meals, out-of-town lodging and travel expenses. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to Employee following receipt and verification of such reports.

  • Investment Account The Manager shall maintain an investment account or accounts in the Manager’s name (the “Account”) on behalf of the Principal, any other participating insurer affiliated with the Principal and/or the Ultimate Parent Company, an insurance subsidiary or affiliate of the Principal and/or the Ultimate Parent Company or a pension plan or profit-sharing plan of the Principal, its insurance subsidiaries or affiliates, (collectively, the “Participants”), and shall hold therein all debt obligations, accounts or deposits permitted by the New Hampshire Insurance Code as more fully described on Exhibit A, as may be amended from time to time, and attached hereto and incorporated herein (collectively, “Investments”), deposited in or purchased or otherwise acquired for and on behalf of the Principal and the Participants from time to time pursuant to the terms and conditions of this Agreement. All Investments in the Account shall be Short-Term Obligations.

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