Excess Funds Subaccount definition

Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.
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Excess Funds Subaccount means the excess funds subaccount established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.
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Excess Funds Subaccount has the meaning specified in Section 8.02(a).
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Examples of Excess Funds Subaccount in a sentence

  • The Collection Account will consist of three subaccounts: a general subaccount (the “General Subaccount”), an excess funds subaccount (the “Excess Funds Subaccount”) and a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).


More Definitions of Excess Funds Subaccount

Excess Funds Subaccount with respect to the Bonds, has the meaning specified in Section 8.02(a) of the Indenture and, with respect to any Additional Bonds, the meaning set forth in the applicable Additional Indenture.
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Excess Funds Subaccount means any residual or excess funds subaccount of the Collection Account other than the Reserve Subaccount.
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Excess Funds Subaccount. Balance: c)
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Related to Excess Funds Subaccount

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.