Group I Collection Account definition

Group I Collection Account and “Group II Collection Account” means the two Collection Accounts each as established and maintained pursuant to Section 5.01(a)(i) of the Sale and Servicing Agreement.
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Group I Collection Account has the meaning set forth in Section 5.1(a). The Group I Collection Account shall be the “Group-Specific Collection Account” with respect to the Group I Notes.
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Group I Collection Account is defined in Section 5.1(b).
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Examples of Group I Collection Account in a sentence

  • In the event that any of the foregoing conditions for ceasing daily remittances shall no longer be satisfied, then the Administrator shall deposit all collections held by it into the Group I Collection Account Sub-Account or the Group II Collection Account Sub-Account, as applicable, within two Business Days of receipt thereof.

  • All amounts so collected by the Eligible Lender Trustee shall constitute Group I Available Funds for the applicable Collection Period and shall be deposited into the Group I Collection Account Sub-Account, in accordance with Section 5.02.

  • All such payments shall be paid to the HVF II Group I Collection Account (or such other account as the Series 2013-G1 Noteholder may from time to time specify with the consent of the Trustee), not later than 12:00 p.m. (New York City time), on the date due.

  • All amounts so collected by the Eligible Lender Trustee shall constitute Group I Available Funds for the applicable Collection Period and shall be deposited into the Group I Collection Account, in accordance with Section 5.02.

  • Collections with respect to the Group I Student Loans will be deposited into the Group I Collection Account for the benefit of the Group I Noteholders, and collections with respect to the Group II Student Loans will be deposited into the Group II Collection Account for the benefit of the Group II Noteholders.

  • The Depositor will make an initial deposit on the Closing Date into (x) the Group I Collection Account of cash or certain Eligible Investments equal to $0 and (y) the Group II Collection Account of cash or certain Eligible Investments equal to $0.

  • HVF II will furnish, or cause to be furnished, to the Trustee or the Paying Agent, as applicable, written instructions to make withdrawals and payments from the Group I Collection Account and any other accounts specified in a Group I Series Supplement and to make drawings under any Group I Series Enhancement, as contemplated herein and in any Group I Series Supplement.

  • In the absence of written investment instructions hereunder, funds on deposit in the Group I Collection Account shall remain uninvested.

  • HVF II and the Group I Noteholders hereby agree that, if any funds remain on deposit in or credited to the Group I Collection Account on any date on which no Series of Group I Notes is Outstanding or each Group I Series Supplement related to a Series of Group I Notes has been terminated, such amounts shall be released by the Trustee and paid to HVF II.

  • Groundwater levels across the site were observed to be as follows-: North 66.18m AOD, South 64.41m AOD and East 63.64m AOD, the report indicates that the presence of groundwater within the superficial deposits suggests a continuous groundwater body with an easterly to south easterly hydraulic gradient.


More Definitions of Group I Collection Account

Group I Collection Account has the meaning specified in Section 4.6(a) of this Supplement.
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Group I Collection Account. Sub-Account" and "Group II Collection Account Sub-Account" means the two sub-accounts of the Collection Account each as established and maintained pursuant to Section 5.01(a)(i) of the Sale and Servicing Agreement.
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Group I Collection Account will have the meaning set forth therefore in Section 4.6(a) hereof.
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Related to Group I Collection Account

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Finance Charge Account is defined in Section 4.9(a).

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Note Account As defined in the Indenture.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

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

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.