Bank Accounts definition

Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

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Bank Accounts means the Reserve Account and the Collection Account.

Bank Accounts means the Issuer’s bank accounts operated and/or maintained by or on behalf of the Issuer from time to time.

Examples of Bank Accounts in a sentence

• The Noteholders of a majority of the Note Balance of the Controlling Class or, if no Notes are Outstanding, the Owner Trustee, at the direction of the holder of the Residual Interest, may direct the Indenture Trustee to waive a Servicer Termination Event, except failure to make required deposits to or payment from any of the Bank Accounts, and its consequences.

• All deposits to and withdrawals from the Bank Accounts will be made according to the Transaction Documents.

• The Bank Accounts and all cash, money, securities, investments, financial assets and other property deposited in or credited to them will be maintained by the Indenture Trustee as secured party for the benefit of the Secured Parties and, after payment in full of the Notes and the release of the Bank Accounts from the Lien of the Indenture, as agent of the Issuer and as part of the Trust Property.

• If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture Trustee's assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 days.

• Any Permitted Investments of funds in the Bank Accounts (or any reinvestments of the Permitted Investments) for a Collection Period must mature, if applicable, and be available no later than the Business Day before the related Payment Date.

More Definitions of Bank Accounts

Bank Accounts means the Exchange Note Collection Account, the Collection Account and the Reserve Account.

Bank Accounts means those account(s) opened and maintained for the Fund and/ or the respective Allocation Plan(s) by the Trustee at the instruction of the Management Company at Banks, the beneficial ownerships in which the Unit Holder(s) shall invest in.

Bank Accounts shall have the meaning set forth in Section 5.4.1.

Bank Accounts shall have the meaning set forth in Section 3.20.

Bank Accounts means those accounts in the name of the Trustee of the Fund, the beneficial ownership of which rests with the Unit Holders.

Bank Accounts is defined in Section 11.16(f).

Bank Accounts means those account(s) opened and maintained for the Scheme by the Trustee at Bank’s, the beneficial ownership in which shall vest in the Unit Holders.