Certificate Distribution Account definition

Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

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Certificate Distribution Account shall have the meaning assigned to such term in Section 11.1.

Certificate Distribution Account. The account, if applicable, designated as such, established and maintained pursuant to Section 5.1(a) of the Trust Agreement.

Examples of Certificate Distribution Account in a sentence

Any Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions referred to above.
The Certificate Distribution Account shall initially be established as a segregated trust account with The Bank of New York Mellon Trust Company, N.A.
Any funds received by the Certificate Paying Agent or the Paying Agent after 1:00 p.m. (Eastern time) shall be held uninvested in the Certificate Distribution Account until distributed to the Certificateholders, and neither the Certificate Paying Agent nor the Paying Agent shall be liable for any interest thereon.
Except as otherwise provided in Section 5.2, the Paying Agent shall make distributions to Certificateholders from the Certificate Distribution Account pursuant to Section 5.2 and shall report the amounts of such distributions to the Owner Trustee and the Servicer; provided, however, that no such reports shall be required if and for so long as the Depositor is the sole Certificateholder.
Except as otherwise provided herein, in the Indenture or in the Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee or the Paying Agent for the benefit of the Certificateholders.

More Definitions of Certificate Distribution Account

Certificate Distribution Account means the account designated as such, established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Certificate Distribution Account means the account established and maintained as such pursuant to Section 5.01.

Certificate Distribution Account shall have the meaning assigned to such term in Section 5.1.

Certificate Distribution Account. The account or accounts created and maintained pursuant to Section 3.10(c) of the Trust Agreement. The Certificate Distribution Account shall be an Eligible Account.

Certificate Distribution Account is defined in Section 5.1 of the Trust Agreement.

Certificate Distribution Account means an Eligible Account established by the Owner Trustee pursuant to Section 5.01(a) of the Trust Agreement.

Certificate Distribution Account means the account designated as such, established and maintained pursuant to Section 8.2(a)(iv) of the Indenture.