Class N Reserve Account definition

Class N Reserve Account. The account designated as such, established and maintained pursuant to Section 8.2(a) of the Indenture.
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Class N Reserve Account. The trust account created and maintained by the Indenture Trustee at the Account Holder, which shall be denominated “Computershare Trust Company, N.A., as Indenture Trustee for Computershare Trust Company, N.A., as Indenture Trustee for the benefit of the Holders of Carvana Auto Receivables Trust 2021-P4 Asset-Backed Class N Notes.” The Reserve Account shall be an Eligible Deposit Account.
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Examples of Class N Reserve Account in a sentence

  • The Collection Account, the Note Distribution Account, the Reserve Account and the Class N Reserve Account, collectively.

  • All income or other gain (net of losses and investment expenses) from investments of monies deposited in the Collection Account, the Reserve Account or the Class N Reserve Account shall be withdrawn (or caused to be withdrawn) by the Indenture Trustee from such accounts and distributed as provided herein to the Depositor.

  • The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Initial Deposit and the Class N Reserve Account Initial Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Investment Earnings on funds deposited in the Reserve Account, the Class N Reserve Account and the Collection Account shall be payable to the Depositor.

  • The Indenture Trustee shall establish, initially with itself, the Class N Reserve Account in the name of the Indenture Trustee for the benefit of the Class N Noteholders.

  • Investment Earnings on funds deposited in the Reserve Account, the Class N Reserve Account and the Collection Account shall be payable to the Depositor as set forth on the Servicer’s Certificate.

  • The Indenture Trustee shall establish with the Account Holder the Class N Reserve Account in the name of the Indenture Trustee for the benefit of the Class N Noteholders.

  • The Collection Account, [the Accumulation Account,] [the Pre-Funding Account,] the Note Distribution Account, the Reserve Account [and the Class N Reserve Account], collectively.

  • The Indenture Trustee shall establish, with the Account Holder, the Class N Reserve Account in the name of the Indenture Trustee for the benefit of the Class N Noteholders.

Related to Class N Reserve Account

  • Interest Reserve Account The segregated account (or sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee, pursuant to Section 3.04(c), for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator, on behalf of Wilmington Trust, National Association [or the name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Interest Reserve Account”.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.