Collateral Reinvestment Account definition

Collateral Reinvestment Account means the account designated as such, established and maintained pursuant to Section 2(c) of the Administration Agreement, which shall be an Eligible Deposit Account.
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Collateral Reinvestment Account means the account designated as such, established and maintained pursuant to Section 2(c) of the Administration Agreement, which shall be an Eligible Deposit Account. "Collateral Reinvestment Account Trigger" will be triggered with respect to any Monthly Collection Period during the Revolving Period if: (a) (1) Three-Month LIBOR for the related LIBOR Reset Period exceeds (2) the greater of the T-Bill Rate for the preceding calendxx xonth and (b) the 91-Day Treasury Bill rate in effect for the variabxx xate Student Loans effective as of the preceding [ ], is more than [ ]; provided that the Collateral Reinvestment Account Trigger may be modified for any reason (including as a result of the Trust entering into one or more Swap Agreements) upon satisfaction of the Rating Agency Condition.
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Collateral Reinvestment Account means the account designated as such, established and maintained pursuant to Section 2(c) of the Administration Agreement, which shall be an Eligible Deposit Account. "Collateral Reinvestment Account Trigger" will be triggered with respect to any Monthly Collection Period during the Revolving Period if (1) Three-Month LIBOR for the related LIBOR Reset Period exceeds (2) the greater of (a) the T-Xxxx Rate for the preceding calendar month and (b) the 91-Day Treasury Xxxx rate in effect for the variable rate Student Loans effective as of the preceding July 1, by more than 1.25%; provided that the Collateral Reinvestment Account Trigger may be modified for any reason (including as a result of the Trust entering into one or more Swap Agreements) upon satisfaction of the Rating Agency Condition.
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Examples of Collateral Reinvestment Account in a sentence

  • The Issuer will not, directly or indirectly, make payments to or distributions from the Collection Account or the Collateral Reinvestment Account except in accordance with this Indenture and the other Basic Documents.

  • We compared the amounts in the segments "Reconciliation of Reserve Account" (E) and "Reconciliation of Collateral Reinvestment Account" (I) to the reconciliations of trust accounts performed by SMS pursuant to section 2 (c) (i through iii) of the Agreement, noting agreement.

  • We recalculated the amounts and percentages in the segments "Summary of Quarterly Cash Generation and Usage" (A) through (O); "Distributions of Cash" (A)(i), (A)(iii), (B)(i), (B)(iii), C(iii), C(v), D(i) and (D)(iii); "Reconciliation of Reserve Account" (A), (B), and (E); and "Reconciliation of Collateral Reinvestment Account" (A), (B), and (D) through (I); and "Additional Reporting Requirements" (A), (B), and (D) through (G) and compared the amounts and percentages to that reported, noting agreement.

  • We added the balances in the Monthly Servicing Report - SMS Student Loan Trust 1996-A segments "Monthly Cash", "Distributions", "Reconciliation of Reserve Account", "Reconciliation of Collateral Reinvestment Account", "Reconciliation of Class A-1 Interest Account" and "Other Reporting Requirements", and compared the totals to the inputs in segments I through VIII, noting amounts to be in agreement.

  • We recalculated the balances in the Quarterly Servicing Report - SMS Student Loan Trust 1997-A segments "Quarterly Cash," "Distributions," "Reconciliation of Reserve Account," "Reconciliation of Collateral Reinvestment Account," "Additional Reporting Requirements," and "Bond and Pool Balances and Factors" and compared the totals to the inputs in segments I through X, noting that such amounts agree.


More Definitions of Collateral Reinvestment Account

Collateral Reinvestment Account means the account designated as such, established and maintained pursuant to Section 2(c) of the Administration Agreement, which shall be an Eligible Deposit Account. "COLLATERAL REINVESTMENT ACCOUNT TRIGGER" will be triggered with respect to any Monthly Collection Period during the Revolving Period if (1) Three-Month LIBOR for the related LIBOR Reset Period exceeds (2) the greater of (a) the T-Xxxx Rate for the preceding calendar month and (b) the 91-Day Treasury Xxxx rate in effect for the variable rate Student Loans effective as of the preceding [ ], by more than [ ]; provided that the Collateral Reinvestment Account Trigger may be modified for any reason (including as a result of the Trust entering into one or more Swap Agreements) upon satisfaction of the Rating Agency Condition.
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Related to Collateral Reinvestment Account

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Investment Account As defined in Section 3.12(a).

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Note Account As defined in the Indenture.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.