Canadian Residual Account definition

Canadian Residual Account means an account maintained in the name of and for the benefit of the Canadian Co-Issuer, or any other Canadian Securitization Entity, to which the Canadian Residual Amount, or a portion thereof attributable to such other Canadian Securitization Entity, will be paid on each Weekly Allocation Date. The Canadian Residual Amount, and any amount on deposit therein, will not be pledged as Collateral.
Sample 1Sample 2Sample 3
Canadian Residual Account means an account maintained in the name of and for the benefit of the Canadian Co-Issuer, or any other Canadian Securitization Entity, to which the Canadian Residual Amount, or a portion thereof attributable to such other Canadian Securitization Entity, will be paid on each Weekly Allocation Date. The Canadian Residual Amount, and any amount on deposit therein, will not be pledged as Collateral. “Canadian Securitization Entity GPs” means Driven Canada Claims Management GP and, together with Canadian CARSTAR GP, Canadian Maaco Franchisor GP, Canadian Meineke Franchisor GP, Canadian Take 5 GP, Go! Glass Franchisor GP, Star Auto Glass Franchisor GP and Driven Canada Product Sourcing GP, for their respective limited partnerships. “Canadian Residual Amount” means, for any Weekly Allocation Date with respect to any Quarterly Fiscal Period, the amount, if any, by which the amount allocated to the Canadian Collection Account on such Weekly Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Weekly Allocation Date pursuant to priorities (i) through (xxviii) of the Priority of Payments. “Canadian Securitization Entities” means the Canadian Co-Issuer and the Canadian Guarantors and each Future Securitization Entity organized in Canada, or any province or territory thereof. “Canadian Shortfall Payment Amount” means, with respect to each Weekly Allocation Date or Quarterly Payment Date (or any other applicable date), any Shortfall Payment paid or allocated by the Canadian Co-Issuer. “Canadian Take 5” means Take 5 Canada SPV LP, a special purpose Ontario limited partnership. “Canadian Take 5 GP” means Take 5 Canada SPV GP Corporation, a special purpose Canadian corporation and a direct, wholly-owned subsidiary of the Canadian Co-Issuer, and the general partner of Canadian Take 5. “Canadian Tax Lien Reserve Amount” means an amount necessary to satisfy any lien with regard to a Canadian Securitization Entity with respect to which the CRA, or any other applicable Canadian or provincial or territorial taxing authority, files notice pursuant to applicable law and provided such lien has not been released within sixty (60) days. “Capitalized Lease Obligations” means the obligations of a Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of ...
Sample 1

Examples of Canadian Residual Account in a sentence

  • The Issuer will not, and will not, including in respect of any Permitted Asset Disposition described in clause (xix) of the definition thereof and any amount on deposit in the Canadian Residual Account.

Related to Canadian Residual Account

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

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

  • Individual account program means the defined contribution individual account program of

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • 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.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • 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.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Capital Account means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

  • 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.

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Regular account means the account established for each active and inactive member un-

  • Subaccount means any subaccount designated and established hereunder.

  • Investment Account As defined in Section 3.12(a).