Carrying Cost Account definition

Carrying Cost Account is defined in Section 4.2 of the Pooling Agreement.
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Carrying Cost Account shall have the meaning specified in Section 4.02(a).
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Carrying Cost Account is defined in SECTION 4.01(b) of the Indenture.
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Examples of Carrying Cost Account in a sentence

  • On each Distribution Date, Trustee shall also, in accordance with instructions set out in the applicable Daily Report (following delivery within the time period required under Section 3.5(c) of the Pooling Agreement), distribute at or before 2:00 p.m., New York City time, the Servicing Fee (after having made the distributions specified in Section 5.1(a) herein) to the Servicer to the extent that funds are available for that purpose in the Carrying Cost Account.

  • On or before each Determination Date, with respect to the preceding Monthly Period and the related Distribution Date, the Servicer shall calculate each of the amounts required to be distributed or drawn from the Reserve Account, the Equipment Loan Collection Account and/or the Receivables Collection Account (including the Carrying Cost Account), as applicable, on the next succeeding Distribution Date.

  • In addition, after the Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders and the Agent have been paid, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor, at or before 2:00 p.m., New York City time, in respect of the Transferor Certificate.

  • If, on any day, the amount of Collections that is then allocated to the Carrying Cost Account exceeds the amount of Collections that is then required to be allocated to the Carrying Cost Account, Servicer shall reallocate such Collections on such day to one or more of the obligations described in priorities second through fifth, and in the preceding paragraph, in the order of priority set forth therein.

  • It is clear from Figure 1 that the cheapest way to place the junior in the RejectionjRegion is to set h∗j,A = hˆ < h1 and to pay a state-independent wage of 0.

  • On each Business Day, all Principal Collections in the Concentration Account shall be allocated and deposited in the following manner: First, so long as the Amortization Date has not occurred and no Set-Aside Period has occurred and is continuing, to the extent that the funds in the Carrying Cost Account are less than the Carrying Cost Amount, to the Carrying Cost Account up to the amount of such deficiency.

  • In addition, upon termination of this Supplement in accordance with Section 8.10, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor in respect of the Transferor Certificate.

  • The Trustee shall possess all right, title and interest in and to all funds from time to time on deposit in the Collection Account, the Reserve Account, the Carrying Cost Account and all other Trust Account and in all proceeds thereof.

  • In addition, after the Invested Amount has been repaid in full and all interest and Additional Amounts owed to the Holders have been paid, any additional funds on deposit in the Carrying Cost Account, the Equalization Account or the Principal Funding Account shall similarly be paid to Transferor, in respect of the Transferor Certificate.

  • On each Distribution Date, Trustee shall also, in accordance with instructions set out in the applicable Daily Report, distribute the Servicing Fee to Servicer to the extent that funds are available for that purpose in the Carrying Cost Account.


More Definitions of Carrying Cost Account

Carrying Cost Account. As defined in Section 6.04(a) of the Pooling and Servicing Agreement.
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Carrying Cost Account shall have the meaning ascribed such term in applicable Series Supplement.
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Related to Carrying Cost Account

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Carrying Costs With respect to any Payment Date, the sum of amounts payable under Section 2.6(a)(v)(A)-(C).

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

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Basic Carrying Costs means the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

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

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

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

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Joint Account means an Account opened in more than one name;

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • 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.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

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

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • 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.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;