TRUST ACCOUNT DEPOSITS AND DISBURSEMENTS Sample Clauses

TRUST ACCOUNT DEPOSITS AND DISBURSEMENTS. The Intermediary agrees to deposit into the appropriate Trust Accounts from time to time, in each case, on the Business Day received, the funds described in SCHEDULE 3 hereto. After receipt, the Intermediary shall deliver funds, or portions thereof, held in the Trust Accounts, in accordance with the provisions of this Agreement (including the procedures set forth in SCHEDULE 4 hereto). The Intermediary shall make requested disbursements to dealers or Manufacturers for purchases of Replacement Vehicles or to the Lender Agent or to the Trustee, when applicable, in conformity with the provisions of SCHEDULE 4, in each case, on the Business Day it receives instructions therefor if such instructions are received before 12:30 p.m., New York time, or on the next following Business Day, if such instructions are received after 12:30 p.m., New York time (or, with respect to requested disbursements to dealers or Manufacturers, on such later Business Day as is specified by AESOP Leasing). The Intermediary shall rely upon written instruction when communicated by fax, mail or courier when executed and delivered by one of the authorized representatives of AESOP Leasing as set forth in SCHEDULE 2 to this Agreement (as such SCHEDULE 2 may be amended from time to time by AESOP Leasing by written notice to the Intermediary). Disbursement by the Intermediary for purchases of Replacement Vehicles may be made by check, bank or cashiers check or wire transfer, as directed by AESOP Leasing, and in the case of amounts payable to a dealer may be directed to be paid to a finance company or other financial institution to repay indebtedness of the dealer in connection with such Vehicles. Disbursements to the Lender Agent or the Trustee shall be made by wire transfer as set forth on SCHEDULE 4, unless otherwise directed in writing by the Lender Agent or the Trustee, as applicable.
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Related to TRUST ACCOUNT DEPOSITS AND DISBURSEMENTS

  • Deposit and Disbursement Accounts Disclosure Schedule (3.19) lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only:

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • Disbursement Account A trust account for the benefit of Owner, opened by Manager with an FDIC insured bank to pay for “Operating Expenses” as defined in Section 4.01(b).

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Trust Account Proceeds Prior to the liquidation of the Trust Account in the event the Company has not completed a Business Combination as required by its Charter Documents (the “Termination Date”), interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.

  • Withdrawals from the Collection Account and Distribution 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 4.03:

  • Disbursements of Custodian Upon receipt of a Written Instruction directing payment and setting forth the name and address of the person to whom such payment is to be made, the amount of such payment, the name of the Fund from which payment is to be made, and the purpose for which payment is to be made, the Custodian shall disburse amounts as and when directed from the assets of that Fund. The Custodian is authorized to rely on such directions and shall be under no obligation to inquire as to the propriety of such directions.

  • 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:

  • Reserve Account Property (i) The Reserve Account and all proceeds thereof (other than the Investment Earnings thereon) including all cash, investments, investment property and other amounts held from time to time in the Reserve Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities, Financial Assets or otherwise) and (ii) the Reserve Account Deposit and all proceeds thereof (other than the Investment Earnings thereon).

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