Group IV Collection Account definition

Group IV Collection Account has the meaning specified in Section 4.6(a) of this Supplement.
Sample 1Sample 2
Group IV Collection Account has the meaning specified in Section 5.1(a) of this Supplement.
Sample 1Sample 2
Group IV Collection Account. In addition, the Trustee shall create two administrative sub-accounts within the Collection Account. One such sub-account shall be established for the benefit of the Series 2006-1 Noteholders and the Series 2006-1 Insurer (such sub-account, the “Series 2006-1 Collection Account”). The second sub-account shall be established for the benefit of the Series 2006-1 Noteholders and the Series 2006-1 Insurer (such sub-account, the “Series 2006-1 Excess Funding Account”). A portion of funds on deposit in the Series 2006-1 Excess Funding Account may, on the Series 2006-1 Closing Date and from time to time thereafter, be designated by RCFC as either (i) the Cash Liquidity Amount or (ii) the Substitute Group IV Exchanged Vehicle Proceeds Amount. These designated amounts shall be available only for the purposes specified herein and shall not be otherwise generally available for withdrawal to be used for the purposes of other funds in the Series 2006-1 Excess Funding Account.
Sample 1

Examples of Group IV Collection Account in a sentence

  • In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group IV Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group IV Collection Account or the Master Collateral Account, as applicable.

  • If the Group IV Collection Account is not maintained in accordance with the previous sentence, then within 10 Business Days after obtaining knowledge of such fact, the Trustee shall establish a new Group IV Collection Account which complies with such sentence and transfer into the new Group IV Collection Account all cash and investments from the non-qualifying Group IV Collection Account.

  • All monies, instruments, cash and other proceeds received by the Trustee pursuant to this Indenture shall be promptly deposited in the Group IV Collection Account and shall be applied as provided in this ARTICLE VIII.

  • Amounts on deposit in the Group IV Collection Account and the Series 2001-1 Collection Account shall be invested in accordance with Sections 5.1(d) and (f) of the Base Indenture.

  • The proceeds from the sale of the Series 2007-1 Notes, together with any funds deposited with RCFC by DTAG in its capacity as the Retained Interestholder, will, on the Series 2007-1 Closing Date, be deposited by the Trustee into the Group IV Collection Account and, concurrently with such initial deposit, allocated by the Trustee to the Series 2007-1 Excess Funding Account.

  • The Trustee shall, at the expense of ARG II, take such action as is required to maintain the Trustee's security interest in the Permitted Investments credited to the Group IV Collection Account.

  • On the Series 2002-2 Closing Date and each Business Day on which Group IV Collections are deposited into the Group IV Collection Account (each such date, a "SERIES 2002-2 DEPOSIT DATE"), the Servicer will direct the Trustee in writing to allocate all amounts deposited into the Group IV Collection Account in accordance with the provisions of this SECTION 3.2.

  • If the Master Servicer fails to give notice or instructions to make any payment from or deposit into the Group IV Collection Account required to be given by the Master Servicer, at the time specified in the Master Lease or any other Related Document (including applicable grace periods), the Series 2006-1 Insurer, may, in its sole discretion, give such notice or instruction.

  • The Trustee acknowledges that it has established and maintains a segregated trust account for the benefit of holders of Notes from the Group IV Series of Notes (the "Group IV Collection Account").

  • All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Group IV Collection Account shall be deemed to be available and on deposit for distribution.


More Definitions of Group IV Collection Account

Group IV Collection Account has the meaning specified in SECTION 8.1 of this Series Supplement.
Sample 1
Group IV Collection Account means that certain administrative sub-account created by the Trustee within the Collection Account for the benefit of the holders of Notes from a Series of Notes designated as “Group IV” pursuant to the Indenture.
Sample 1

Related to Group IV 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).

  • 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 Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

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

  • 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.

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

  • 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.

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

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

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

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

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

  • 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.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Principal Collections means Collections of Principal Receivables.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

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

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • 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 2005-5, Home Equity Pass-Through Certificates, Series 2005-5. 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 Eligible Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

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

  • 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.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.