Common use of Ramp-Up Account Clause in Contracts

Ramp-Up Account. The Trustee shall, prior to the Closing Date, establish at the Custodian a single, segregated non-interest bearing account held in the name of U.S. Bank National Association, as Trustee, for the benefit of the Secured Parties, which will be designated as the Ramp-Up Account, which will be maintained with the Custodian in accordance with the Account Agreement. The Issuer shall direct the Trustee to deposit the amount specified in Section 3.1(a)(xii) to the Ramp-Up Account. In connection with any purchase of an additional Collateral Obligation, the Trustee will apply amounts held in the Ramp-Up Account as provided by Section 7.18(c). On the first Business Day after a Trust Officer of the Trustee has received written notice from the Collateral Manager that the Xxxxx’x Rating Condition has been satisfied or upon the occurrence of an Event of Default, the Trustee will deposit any remaining amounts in the Ramp-Up Account (excluding any proceeds that will be used to settle binding commitments entered into prior to such date) (“Unused Proceeds”) into the Principal Collection Subaccount as Principal Proceeds; provided, that an amount of Unused Proceeds up to an amount equal to (x) 1.0% of the Target Initial Par Amount minus (y) the aggregate amount of any previously

Ramp-Up Account. The Trustee In accordance with this Indenture and the Securities Account Control Agreement, the Issuer shall, prior to the Closing Date, cause the Trustee to establish at the Custodian a single, segregated non-interest bearing trust account held in the name of U.S. The Bank of New York Mellon Trust Company, National Association, as Trustee, for the benefit of the Secured Parties, which will shall be designated as the Ramp-Up Account, which will shall be maintained with the Custodian in accordance with the Securities Account Control Agreement. The Issuer shall direct the Trustee to deposit the amount specified in Section 3.1(a)(xii3.1(xi)(A) to the Ramp-Up AccountAccount on the Closing Date. In connection with any purchase of an additional Collateral Obligation, the Trustee will apply amounts held in the Ramp-Up Account as provided by Section 7.18(c7.18(b). On the first Business Day after a Trust Officer of the Trustee has received written notice from the Collateral Manager that the Xxxxx’x Rating Condition has been satisfied Effective Date or upon the occurrence of an Event of Default, the Trustee will deposit any remaining amounts in the Ramp-Up Account Default (and excluding any proceeds that will be used to settle binding commitments entered into prior to such date) (“Unused Proceeds”) ), the Trustee will deposit any remaining amounts in the Ramp-Up Account into the Principal Collection Subaccount as Principal Proceeds; provided, that an amount of Unused Proceeds up to an amount equal to (x) 1.0% of . Any income earned on amounts deposited in the Target Initial Par Amount minus (y) Ramp-Up Account will be deposited in the aggregate amount of any previouslyInterest Collection Subaccount.

Ramp-Up Account. The Trustee In accordance with this Indenture and the Securities Account Control Agreement, the Issuer shall, prior to the Closing Date, cause the Trustee to establish at the Custodian a single, segregated non-interest bearing trust account held in the name of U.S. The Bank of New York Mellon Trust Company, National Association, as Trustee, for the benefit of the Secured Parties, which will shall be designated as the Ramp-Up Account, which will shall be maintained with the Custodian in accordance with the Securities Account Control Agreement. The Issuer shall direct the Trustee to deposit the amount specified in Section 3.1(a)(xii3.1(k)(i) to the Ramp-Up AccountAccount on the Closing Date. In connection with any purchase of an additional Collateral Obligation, the Trustee will apply amounts held in the Ramp-Up Account as provided by Section 7.18(c7.18(b). On the first Business Day after a Trust Officer of the Trustee has received written notice from the Collateral Manager that the Xxxxx’x Rating Condition has been satisfied Effective Date or upon the occurrence of an Event of Default, the Trustee will deposit any remaining amounts in the Ramp-Up Account Default (and excluding any proceeds that will be used to settle binding commitments entered into prior to such date) (“Unused Proceeds”) ), the Trustee will deposit any remaining amounts in the Ramp-Up Account into the Principal Collection Subaccount as Principal Proceeds; provided, that an amount of Unused Proceeds up to an amount equal to (x) 1.0% of . Any income earned on amounts deposited in the Target Initial Par Amount minus (y) Ramp-Up Account will be deposited in the aggregate amount of any previouslyInterest Collection Subaccount.

Ramp-Up Account. The Trustee In accordance with this Indenture and the Securities Account Control Agreement, the Issuer shall, prior to the Closing Date, cause the Trustee to establish at the Custodian a single, segregated non-interest bearing trust account held in the name of U.S. Bank National Associationthe Issuer, as subject to the lien of the Trustee, for the benefit of the Secured Parties, which will shall be designated as the Ramp-Up Account, which will shall be maintained with the Custodian in accordance with the Securities Account Control Agreement. The Issuer shall direct the Trustee to deposit the amount specified in Section 3.1(a)(xii3.1(xi)(A) to the Ramp-Up AccountAccount on the Closing Date. In connection with any purchase of an additional Collateral Obligation, the Trustee will apply amounts held in the Ramp-Up Account as provided by Section 7.18(c7.19(b). On the first Business Day after a Trust Officer of the Trustee has received written notice from the Collateral Manager that the Xxxxx’x Rating Condition has been satisfied Effective Date or upon the occurrence of an Event of Default, the Trustee will deposit any remaining amounts in the Ramp-Up Account Default (and excluding any proceeds that will be used to settle binding commitments entered into prior to such date) (“Unused Proceeds”) ), the Trustee will deposit any remaining amounts in the Ramp-Up Account into the Principal Collection Subaccount as Principal Proceeds; provided, that an amount of Unused Proceeds up to an amount equal to (x) 1.0% of . Any income earned on amounts deposited in the Target Initial Par Amount minus (y) Ramp-Up Account will be deposited in the aggregate amount of any previouslyInterest Collection Subaccount as Interest Proceeds.