Certificate Payment Account definition

Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).
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Certificate Payment Account shall have the meaning specified in Section 5.1.
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Certificate Payment Account means the trust account established and maintained as such pursuant to Section 4.1(c) of the Sale and Servicing Agreement.
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Examples of Certificate Payment Account in a sentence

  • The Paying Agent shall make distributions to Certificateholders from the Certificate Payment Account pursuant to Section 5.2 and shall report the amounts of such distributions to the Owner Trustee.

  • The property of the Trust (other than the Certificate Payment Account and the proceeds thereof) has been pledged by the Trust to U.S. Bank Trust Company, National Association, a national banking association, as Indenture Trustee (in such capacity, the “Indenture Trustee”), pursuant to an Indenture dated as of July 1, 2024 (as amended, supplemented or otherwise modified from time to time, the “Indenture”) between the Trust and the Indenture Trustee to secure the payment of the Notes issued thereunder.

  • The Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, on behalf of all Noteholders, waive any Event of Servicing Termination and its consequences, except an event resulting from the failure to make any required deposits to or payments from the Collection Account, the Note Payment Account, the Certificate Payment Account or the Reserve Account in accordance with this Agreement.

  • Except as expressly provided in Section 3.9, the Certificate Payment Account shall be under the sole dominion and control of the Indenture Trustee.

  • The amounts on deposit in the Certificate Payment Account shall not be invested.

  • Any Paying Agent shall have the revocable power to withdraw funds from the Certificate Payment Account for the purpose of making the distributions referred to above.

  • All monies deposited from time to time in the Certificate Payment Account pursuant to the Sale and Servicing Agreement or the Indenture shall be applied as provided in this Trust Agreement, the Sale and Servicing Agreement and the Indenture.

  • The Issuer shall not, directly or indirectly, make payments to or distributions from the Collection Account, the Note Payment Account, the Certificate Payment Account or the Reserve Account except in accordance with this Indenture and the other Transaction Documents.

  • The Certificate Payment Account shall be held in trust for the benefit of the Certificateholders.


More Definitions of Certificate Payment Account

Certificate Payment Account has the meaning specified in the Sale and Servicing Agreement.
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Certificate Payment Account has the meaning specified in Section 4.01(b).
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Certificate Payment Account. The account or accounts created and maintained by the Certificate Paying Agent pursuant to Section 3.10(c) of the Trust Agreement. The Certificate Paying Agent will make all payments on the Certificate from money on deposit in the Certificate Payment Account. The Certificate Payment Account shall be an Eligible Account.
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Certificate Payment Account means the account of that name established under, and held by the Trustee pursuant to the Trust Agreement.
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Certificate Payment Account means the account established by the Trustee within the Trust Fund pursuant to Section 3.7 hereof. Certificate Purchase Agreement means the Certificate Purchase Agreement dated September 30, 1999 by and between the Company and first Union Capital Markets Corp.
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Related to Certificate Payment Account

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

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

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Certificate Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.10 and shall initially be Wilmington Trust Company.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

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