General Subaccount definition

General Subaccount is defined in Section 8.02(a) of the Indenture.
General Subaccount has the meaning set forth in Section 8.02(a).
General Subaccount has the meaning set forth in Section 8.02(a). ------------------

Examples of General Subaccount in a sentence

  • All amounts in the Collection Account not allocated to any other subaccount shall be allocated to the General Subaccount.

  • If there is a Remittance Shortfall, the amount which the Servicer remits to the General Subaccount of the Collection Account on the relevant date set forth above shall be increased by the amount of such Remittance Shortfall, such increase coming from the Servicer’s own funds.

  • Prior to the Initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level and any Capital Subaccount Investment Earnings) shall be allocated to the General Subaccount.

  • 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”).

  • Prior to each remittance to the General Subaccount of the Collection Account pursuant to this Section 6.11, the Servicer shall provide written notice to the Indenture Trustee of each such remittance (including the exact dollar amount to be remitted).


More Definitions of General Subaccount

General Subaccount means the general xxxxxxxxxx established by the Indenture Trustee pursuant to Section 8.02(a) of the Indenture.
General 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, has the meaning set forth in the applicable Additional Indenture.
General Subaccount has the meaning specified in Section 8.02(a) of the ------------------ Indenture.
General Subaccount means the general subaccount of the Collection Account created within the Green Infrastructure Bond Fund under the Indenture.
General Subaccount has the meaning set forth in the Indenture. ------------------
General Subaccount has the meaning specified in Prior to the Issuance Date, the Issuer shall open, at the Trustee's Corporate Trust Office, or at another Eligible Institution, one or more segregated trust accounts in the Trustee's name for the deposit of amounts remitted to the Trustee for deposit therein on the Issuance Date, RRB Charge Payments and other amounts remitted under the Servicing Agreement (collectively, the "Collection Account"). The Trustee shall hold the Collection Account for the benefit of Bondholders, the Trustee and the other Persons indemnified hereunder or under the Fee and Indemnity Agreement. The Collection Account will consist of six subaccounts (which need not be separate bank accounts): a general subaccount (the "General Subaccount"), a reserve subaccount (the "Reserve Subaccount"), an overcollateralization subaccount (the "Overcollateralization Subaccount"), a capital subaccount (the "Capital Subaccount"), an interest reserve subaccount (the "Interest Reserve Subaccount") and a servicer advance subaccount (the "Servicer Advance Subaccount"). All amounts in the Collection Account not allocated to any other subaccount shall be allocated to the General Subaccount. Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, the Interest Reserve Subaccount and the Servicer Advance Subaccount, together with interest earnings thereon) shall be allocated to the General Subaccount. All references to the Collection Account shall be deemed to include reference to all subaccounts contained therein. Withdrawals from and deposits to each of the foregoing subaccounts of the Collection Account shall be made as set forth in this Section 8.02. The Collection Account shall at all times be maintained in an Eligible Deposit Account and only the Trustee shall have access to the Collection Account for the purpose of making deposits in and withdrawals from the Collection Account in accordance with this Indenture. Funds in the Collection Account shall not be commingled with any other moneys. Except as provided in Section 8.03, all moneys deposited from time to time in the Collection Account, all deposits therein pursuant to this Indenture, and all investments made in Eligible Investments with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Collection Account as part of the Collateral as herein provided..
General Subaccount means a subaccount of the collection account into which funds received from collections, any indemnity amounts remitted by the servicer to the trustee and investment earnings will initially be deposited.