Base Indenture Account definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Base Indenture Account means any account or accounts authorized and established pursuant to the Base Indenture for the benefit of the Secured Parties, including, without limitation, each account established pursuant to Article V of the Base Indenture. “Base Indenture Definitions List” has the meaning set forth in Section 1.1 of the Base Indenture. “Book-Entry Notes” means beneficial interests in the Notes of any Series or any Class of any Series, ownership and transfers of which will be evidenced or made through book entries by a Clearing Agency as described in Section 2.12 of the Base Indenture; provided that, after the occurrence of a condition whereupon book-entry registration and transfer are no longer permitted and Definitive Notes are issued to the Note Owners, such Definitive Notes will replace Book-Entry Notes. “Branded Location” means each store location, service center, distribution center, warehouse or vehicle center operated under any of the Driven Securitization Brands, including as the context requires, any Product Sourcing Business. “Business Day” means any day other than Saturday or Sunday or any other day on which commercial banks are authorized to close under the laws of New York, New York, Toronto, Ontario or Montreal, Québec or the city in which the Corporate Trust Office of any successor Trustee is located if so required by such successor. “Canada” means Canada, including its 10 provinces and three territories. “Canadian Allocation Amount” means, with respect to each Weekly Allocation Date, an amount in Canadian Dollars equal to the U.S. Dollar-equivalent (whether settled pursuant to a Currency Conversion or calculated based on the Deemed Spot Rate) of the Canadian Co-Issuer’s Allocable Share of priorities (i)(A) and (i)(C) through (F), (ii)(A) and (ii)(C), (v) (without regard for any amount paid under priority (v) in Canadian Dollars) through (x), (xii) through (xxv) (without regard for any amount paid under priority (xix) in Canadian Dollars) and (xxvii) of the Priority of Payments. “Canadian Allocation and Shortfall Payment Amount” means, with respect to each Weekly Allocation Date, the Canadian Allocation Amount, together with any Canadian Shortfall Payment Amount, and with respect to each Quarterly Payment Date (or any other applicable date) means the Canadian Shortfall Payment Amount. “Canadian CARSTAR” means Carstar Canada SPV LP, a special purpose Ontario limited partnership. “Canadian CARSTAR GP” means Carstar Canada SPV GP Corporation, a special pu...

Examples of Base Indenture Account in a sentence

The Issuer will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable (with a copy to each of the Control Party, the Manager and the Back-Up Manager), written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Master Issuer will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable (with a copy to each of the Servicer, the Manager and the Back-Up Manager), written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Trustee or other Person holding any Base Indenture Account held in the name of the Trustee for the benefit of the Secured Parties (collectively the “Trustee Accounts”) shall be the “Securities Intermediary.” If the Securities Intermediary in respect of any Trustee Account is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Securities Intermediary set forth in this Section 5.09.
The Master Issuer will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable (with a copy to each of the Control Party, the Manager and the Back-Up Manager), written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Master Issuer and SRI Real Estate Holdco will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable, written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Master Issuer shall furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable, written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Master Issuer will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable, written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement.
The Issuer will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable (with a copy to the Manager and the Back-Up Manager), written instructions to make withdrawals and payments from the Collection Account and any other Base Indenture Account or Series Account as contemplated herein and in any Series Supplement.