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.