Expense Account definition

Expense Account. The account established and maintained pursuant to Section 3.25.

Expense Account has the meaning given to such term in Section 3.01(a) hereof.

Expense Account. The expense account established and maintained by the Trustee in accordance with Section 6.03 hereof.

Examples of Expense Account in a sentence

• A Premium Expense Account allows you to use tax-free dollars to pay for certain premium expenses under various insurance programs that we offer you.

• Any income earned on amounts deposited in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds as it is received.

• The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Closing Expense Account shall be in accordance with the provisions of this Section 8.3(e).

• The Closing Expense Account shall remain at all times with an Eligible Account Bank.

• Any and all funds at any time on deposit in, or otherwise to the credit of, the Closing Expense Account shall be held in trust by the Collateral Agent for the benefit of the Secured Parties.

More Definitions of Expense Account

Expense Account. The account established pursuant to Section 10.7(a) hereof.

Expense Account has the meaning given to such term in Section 3.01(a).

Expense Account. The account established pursuant to Section 10.3(c).

Expense Account means the account designated as such pursuant to Section 5.1 of the Transfer and Servicing Agreement.

Expense Account has the meaning set forth in Section 7.5(e).

Expense Account means the account established pursuant to Section 5.03 hereof.

Expense Account means the account established pursuant to the provisions of Section 6.4.