Deleted Account definition

Deleted Account means any Removed Account as to which there are no Receivables arising therein (including Receivables that, though charged off as uncollectible, may generate Recoveries) owned by TRS.
Deleted Account means any Removed Account as to which there are no Receivables arising therein owned by RFC IV.
Deleted Account means any Removed Account containing no Receivables that are owned by Funding. A Removed Account becomes a Deleted Account on the date on which all of its Receivables that are owned by Funding have been paid.

Examples of Deleted Account in a sentence

  • The Issuer shall be entitled to receive all amounts due subsequent to the month of substitution in respect of such Deleted Account.

  • Available Funds will include the Monthly Payment due on any Deleted Account in the month of substitution, and the Issuer shall deposit such amount in the Collection Account if received by it subsequent to the month of substitution.

  • The Trustee shall at the direction of the Issuer immediately effect the release of the lien of this Indenture with respect to such Deleted Account, the form of the instruments effecting such release being specified in such direction.

  • As to any Deleted Account for which the Issuer substitutes a Qualified Substitute Account or Qualified Substitute Accounts, the Issuer shall effect such substitution by delivery to the Trustee for such Qualified Substitute Account or Qualified Substitute Accounts the Account Note and such other Account Documents related thereto, with the Account Note endorsed to the order of the Issuer, without recourse, and endorsed by the Issuer in blank or to the order of the Trustee, without recourse.

  • However, TRS shall not alter the indication referenced in clause (i) of Subsection 2.01(c) with respect to such Removed Account unless and until (i) TRS, at its option, accepts reassignment of the right, title and interest of RFC VIII in, to and under the Receivables in such Removed Account, (ii) such Account becomes a Deleted Account or (iii) TRS has taken such action as is necessary or advisable to cause the interest of RFC VIII in the Purchased Assets to continue to be perfected and of first priority.


More Definitions of Deleted Account

Deleted Account means any Removed Account as to which there are no Receivables arising therein owned by Funding or any Purged Account.
Deleted Account means any Removed Account as to which there are no Receivables arising therein owned by Funding.
Deleted Account. The meaning specified in Section 3.11(b) and Section 3.12(b).
Deleted Account means any Removed Account as to which there are no Receivables arising therein owned by RFC III.
Deleted Account means any Account or any Removed Account as to which there are no Receivables thereunder (including Receivables, such as Defaulted Receivables, that may generate Recoveries).
Deleted Account means any Removed Account as to which Chase USA has received notice from the Servicer that all Receivables owned by Purchaser in such Removed Account have either been paid or charged off pursuant to the Pooling and Servicing Agreement.
Deleted Account. As defined in Section 3.11(b) and ----------------- Section