Class D Reserve Account definition

Class D Reserve Account is defined in Section 2.7(g).
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Class D Reserve Account means the trust account designated as such and established pursuant to Section 5.01.
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Class D Reserve Account means the trust account designated as such and established pursuant to Section 5.01(a).
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Examples of Class D Reserve Account in a sentence

  • The Trustee shall, at the expense of ABRCF, take such action as is required to maintain the Trustee’s security interest in the Permitted Investments credited to the Class D Reserve Account.

  • The Class D Reserve Account Collateral shall be under the sole dominion and control of the Trustee for the benefit of the Class D Noteholders.

  • All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Class D Reserve Account shall be deemed to be on deposit therein and available for distribution.

  • In the absence of written investment instructions hereunder, funds on deposit in the Class D Reserve Account shall remain uninvested.

  • The Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Class D Reserve Account and in all proceeds thereof, and shall be the only person authorized to originate entitlement orders in respect of the Class D Reserve Account.

  • Initially, the Class D Reserve Account will be established with The Bank of New York Mellon Trust Company, N.A.

  • Upon the termination of the Indenture pursuant to Section 11.1 of the Base Indenture, the Trustee, acting in accordance with the written instructions of the Administrator, after the prior payment of all amounts owing to the Class D Noteholders and payable from the Class D Reserve Account as provided herein, shall withdraw from the Class D Reserve Account all amounts on deposit therein for payment to ABRCF.

  • The Trustee shall withdraw such amount from the Class D Reserve Account and deposit such amount in the Series 2023-1 Distribution Account.

  • If the Class D Reserve Account is not maintained in accordance with the previous sentence, ABRCF shall establish a new Class D Reserve Account, within ten (10) Business Days after obtaining knowledge of such fact, which complies with such sentence, and shall instruct the Series 2023-1 Agent in writing to transfer all cash and investments from the non-qualifying Class D Reserve Account into the new Class D Reserve Account.

  • If the Class D Reserve Account is not maintained in accordance with the previous sentence, ABRCF shall establish a new Class D Reserve Account, within ten (10) Business Days after obtaining knowledge of such fact, which complies with such sentence, and shall instruct the Series 2023-6 Agent in writing to transfer all cash and investments from the non-qualifying Class D Reserve Account into the new Class D Reserve Account.


More Definitions of Class D Reserve Account

Class D Reserve Account means the account maintained by the Indenture Trustee pursuant to Section 3.2(c) of the Indenture.
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Class D Reserve Account means the Series Account designated as such and established pursuant to Section 5.01(a).
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Class D Reserve Account is defined in Section 2.7(g). AMERICAS 129834060 17
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