Accumulations Account definition

Accumulations Account means, in respect of the Series 2019-1 Ownership Interest, the segregated Eligible Deposit Account established and maintained in the name of the Series 2019-1 Co-Owner in respect of the Series 2019-1 Ownership Interest in accordance with Section 6.6 of the Pooling and Servicing Agreement and Section 7.1 for the purpose of depositing therein all distributions made in respect of the Series 2019-1 Ownership Interest, and, initially, shall mean the account specified in Schedule 1;
Sample 1
Accumulations Account means, in respect of the Series 2020-1 Notes, the account defined as such and maintained by the Trust pursuant to Section 4.1(1);
Sample 1
Accumulations Account means, in respect of a Series, the segregated Eligible Deposit Account established in the name of the related Co-Owner in accordance with the Pooling and Servicing Agreement and the related Series Purchase Agreement for the purpose of depositing therein all remittances made in respect of the related Ownership Interest.
Sample 1Sample 2

Examples of Accumulations Account in a sentence

  • Any amounts payable to the Trust upon any applicable early termination under the Swap Agreement (a “Counterparty Termination Payment”) shall be paid to a replacement swap counterparty by, or as directed by, the Trust as consideration for the entering into of a swap agreement in replacement of the Swap Agreement and any excess Counterparty Termination Payment shall be deposited immediately into the Accumulations Account for application pursuant to Article 4.

  • The principal amount of each Class C Note shall be payable on the applicable Principal Payment Date in an amount equal to a pro rata portion of the amounts required to be applied from the Accumulations Account on account of principal pursuant to Section 4.2(2)(h); in each case, provided that all amounts owing in respect of the Class A Notes and the Class B Notes have been paid in full.

  • The principal amount of each Class A Note shall be payable on the applicable Principal Payment Date in an amount equal to a pro rata portion of the amounts required to be applied from the Accumulations Account on account of principal pursuant to Section 4.2(2)(f).

  • The principal amount of each Class B Note shall be payable on the applicable Principal Payment Date in an amount equal to a pro rata portion of the amounts required to be applied from the Accumulations Account on account of principal pursuant to Section 4.2(2)(g); in each case, provided that all amounts owing in respect of the Class A Notes have been paid in full.

  • Such Person, except as otherwise provided in the related Series Purchase Agreement, shall have sole signing authority in respect of the Accumulations Account and the sole authority to operate the Accumulations Account or such other Series Account.

  • The Accumulations Account of a Series and all funds at any time and from time to time on deposit therein and all investments made from time to time with such funds shall be separate and segregated from the assets of Co-Owners and of Entitled Parties of any other Series.

  • If a substitute Accumulations Account or other Series Account is established pursuant to this Section 6.6(5) for a Series, the Custodian shall be permitted to amend the related Series Purchase Agreement without the consent of any of the parties to this Agreement or such Series Purchase Agreement in order to set forth the relevant information for such substitute Accumulations Account.

  • Except as otherwise expressly provided in this Agreement, any Series Purchase Agreement or any Additional Property Agreement, neither the Seller nor any Person claiming through or under the Seller has any interest in or claim to the Collection Account, any Accumulations Account or any Additional Property.

  • The Person in whose name the Accumulations Account of a Series is established shall execute the related Series Purchase Agreement, any related Additional Property Agreement and any other document as may be required in the Series Purchase Agreement and, in so doing, shall become obligated to apply the funds on deposit therein in the manner, at the times and for the purposes set forth herein and in the related Series Purchase Agreement and any related Additional Property Agreement.

  • The Remittance Notice shall also specify the day upon which each such amount is to be remitted or such earlier date as will ensure with reasonable certainty the deposit of such amounts into the Accumulations Account or other Series Account for the related Series in order to make the required remittances in respect of the Series on the day.


More Definitions of Accumulations Account

Accumulations Account shall have the meaning specified in Section 6.6.
Sample 1Sample 2
Accumulations Account means, in respect of the Series 2023-2 Ownership Interest, the segregated Canadian Dollar Eligible Deposit Account established in the name of the Series 2023-2 Co-Owner in respect of the Series 2023-2 Ownership Interest in accordance with Section 6.6 of the Pooling and Servicing Agreement and Section 6.1 for the purpose of depositing therein all remittances made in respect of the Series 2023-2 Ownership Interest and, initially, shall mean the account specified in Schedule “1”;
Sample 1
Accumulations Account means, in respect of any Series, the segregated Eligible Deposit Account established in the name of the related Co-Owner in accordance with the related Series Co-Ownership Agreement.
Sample 1

Related to Accumulations Account

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class C( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]

  • Active Account means an individual investment account in the Plans with a balance greater than $0.00.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Finance Charge Account is defined in Section 4.9(a).

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.