Account Note definition

Account Note. The original note, building or installment sale contract or other evidence of indebtedness executed by an Obligor that evidences the indebtedness of such Obligor under an Account.
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Account Note. The original promissory note or, with respect to Accounts originated in Texas, the retail instalment contract executed by an Obligor that evidences the indebtedness of such Obligor under an Account.
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Account Note means the original note, building or sales contract, loan agreement, if applicable, or other evidence of indebtedness executed by an Mortgage Obligor that evidences the indebtedness of such Mortgage Obligor under an Account.
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Examples of Account Note in a sentence

  • On or before each Payment Date, the Indenture Trustee shall make all withdrawals and deposits to the Collection Account, Note Distribution Account, Reserve Account, the Pre-Funding Account, if any, and the Negative Carry Account, if any, and shall make all distributions to Certificateholders in accordance with Sections 5.06 and 5.07 of the Sale and Servicing Agreement.

  • As to any Deleted Account for which the Issuer substitutes a Qualified Substitute Account or Qualified Substitute Accounts, the Issuer shall effect such substitution by delivery to the Trustee for such Qualified Substitute Account or Qualified Substitute Accounts the Account Note and such other Account Documents related thereto, with the Account Note endorsed to the order of the Issuer, without recourse, and endorsed by the Issuer in blank or to the order of the Trustee, without recourse.

  • Each Account Note has an original term to maturity not in excess of 30 years.

  • On or before each Payment Date, the Indenture Trustee shall make all withdrawals and deposits to the Collection Account, Note Distribution Account, Reserve Account, the Pre-Funding Account and the Negative Carry Account and shall make all distributions to Certificateholders in accordance with Sections 5.06 and 5.07 of the Sale and Servicing Agreement.

  • Amounts held by the Indenture Trustee for future distribution to the Securityholders, including, without limitation, amounts in the Collection Account, any Government Securities Account, Note Distribution Account and Certificate Distribution Account, shall not be distributed except in accordance with the terms of this Agreement.

  • On or before each Payment Date, the Indenture Trustee shall make all withdrawals and deposits to the Collection Account, Note Distribution Account and Reserve Account and shall make all distributions to Certificateholders in accordance with Sections 5.06 and 5.07 of the Sale and Servicing Agreement.

  • From the date such new Interest Funding Account, Principal Funding Account, Note Retirement Account, the Class D Reserve Account or the Accumulation Reserve Account is established, it will be the “Interest Funding Account,” “Principal Funding Account”, “Note Retirement Account,” “Class D Reserve Account” or “Accumulation Reserve Account” as the case may be.

  • No consent or approval of any landlord or other third party in connection with any such Lease is necessary for any Loan Party to enter into and execute the Loan Documents to which it is a party, except as set forth on Part C of Schedule 6.01(o).

  • The Certificate Distribution Account, Note Distribution Account, Pre-Funding Account, Expense Account, Capitalized Interest Account, or Servicing Account (including any sub-accounts of any of the foregoing) and the FHA Premium Account.

  • Each Account Note bears a finance charge of not less than [ ]% and not more than [ ]% per annum.

Related to Account Note

  • Discount Note means any Note that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Discount Notes means the Company's 14-3/4% Senior Discount Notes due 2010.

  • Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.