Additional Collateral Account definition

Additional Collateral Account means the interest bearing account of the Issuer with the Account Bank, the Balance of which may be applied for the purposes of, amongst other things, the acquisition of Additional Collateral Debt Obligations during the Investment Period in accordance with the Portfolio Management Agreement.

Additional Collateral Account the Additional Collateral Account established and maintained pursuant to the Security Deposit Agreement.

Additional Collateral Account means the Euro account of the Issuer held with the Account Bank, amounts standing to the credit of which, subject to certain conditions, may be used to purchase Additional Collateral Debt Securities denominated in Euro during the Reinvestment Period.

Examples of Additional Collateral Account in a sentence

• If necessary, after the application of such amounts in the Additional Collateral Account, all Interest Proceeds remaining after the payment of amounts referred to in paragraphs (A) through (K) of Condition 3(c)(i) (Application of Interest Proceeds) will be applied in redemption of each Class of Notes in whole or in part on a pro rata basis to the extent required to cause such ratings to be reinstated.

• Subject to certain limits, Principal Proceeds and the amountcredited to the Additional Collateral Account may be used during the Reinvestment Period to purchase Portfolio Collateral meeting the Reinvestment Criteria.

• Unless otherwise directed in writing by the Portfolio Manager, the Issuer will purchase such Additional Collateral Debt Obligations during the Investment Period with Principal Proceeds and, if such funds are insufficient, with any amounts on deposit in the Additional Collateral Account, subject to the restrictions described herein.

• After the Effective Date, so long as no Effective Date Ratings Downgrade has occurred, the Balance standing to the credit of the Additional Collateral Account (if any) shall, at the discretion of the Portfolio Manager, acting on behalf of the Issuer, be transferred to the Principal Account for reinvestment in Substitute Collateral Debt Obligations or up to an amount not to exceed 1 per cent.

• The Collateral Administrator shall, on behalf of the Issuer, other than on any Payment Date, cause available amounts standing to the credit of the Collection Accounts, the Pre-Funding Account and the Additional Collateral Account to the extent required to pay the amounts referred to in paragraphs (ii), and (iv) of Condition 3(c) (Priorities of Payments) which are due and payable to be paid to the person entitled to such payment.

More Definitions of Additional Collateral Account

Additional Collateral Account means the Euro account so named of the Issuer held with the Account Bank, amounts standing to the credit of which, subject to certain conditions, may be used to purchase Additional Portfolio Collateral during the Reinvestment Period.

Additional Collateral Account. The Debt Service Reserve Account established pursuant to Section 3.7 of the Little Rock Owner Loan Agreement, which is Account No. 0000000 at the Lender, which Debt Service Reserve Account is, from and after October 30, 2015, also known as the Additional Collateral Account.

Additional Collateral Account means the interest bearing account of the Issuer with the Account Bank denominated in Euro, the Balance in which may be applied in the acquisition of Additional Collateral Debt Obligations during the Reinvestment Period in accordance with the Collateral Management Agreement.

Additional Collateral Account. An account maintained by Mortgagee or a Servicer designated by Mortgagee, into which Excess Cash Flow shall be deposited in accordance with Section 4.23, and which shall be additional Collateral for the Loan.

Additional Collateral Account means the “Additional Collateral Account” established by the Depositary pursuant to the Depository Agreement.

Additional Collateral Account means the account described as such in the name of the Issuer held with the Account Bank.

Additional Collateral Account has the meaning assigned to such term in Section 6.13.