Holder Subaccount definition

Holder Subaccount has the meaning provided in Section 10.08(a).
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Holder Subaccount. The meaning specified in Section 18.4 hereof.
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Holder Subaccount has the meaning specified in the Indenture.
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Examples of Holder Subaccount in a sentence

  • All payments of principal of the Class A-2 Notes otherwise payable to such Holder shall be deposited in such Holder Subaccount to the extent provided in the Class A-2 Purchase Agreement.

  • If any of the funds in the Holder Subaccount are returned to the Initial Holder as required by Sections 10.07(c) or (d) of the Indenture, the Initial Holder shall immediately transfer the full amount of such funds to the Alternative Credit Provider.

  • The Class A-2 Holder Collateral Account, each Holder Subaccount and each of the Transaction Accounts shall be established and maintained as an Eligible Deposit Account with a Qualified Institution.

  • In the event that any Holder (or, in the case of the Initial Holder, the Alternative Credit Provider) fails to fund a Holder Subaccount as may be required under Section 2.06(c), the Issuer (or the Servicer, acting on behalf of the Issuer) shall use reasonable efforts to replace such Holder with another entity that meets the Rating Criteria.

  • If at any time during the Draw Period the Rating Criteria is not satisfied with respect to the Initial Holder, the Alternative Credit Provider shall, within five Business Days of such failure, deposit cash in a Holder Subaccount on behalf of the Initial Holder in an amount equal to the then undrawn amount of the Initial Holder’s Commitment (such deposit the “Alternative Credit”).

  • Investment earnings received during each Collection Period in respect of such investment in the Defaulting Holder’s Holder Subaccount will be paid directly to the Defaulting Holder on the Payment Date following the last day of the Draw Period, as instructed by the Collateral Manager.

  • The only permitted withdrawal from or application of funds credited to a Class A-R Holder Subaccount shall, notwithstanding the occurrence of any Event of Default, be to satisfy such Holder’s obligations under the Class A-R Purchase Agreement, as specified in this Section 9.9 and to return such amounts to such Holder in accordance with Section 9.9(d).

  • The only permitted withdrawal from or application of funds credited to a Holder Subaccount shall, notwithstanding the occurrence of any Event of Default, be to satisfy such Holder’s obligations under the Class A-2 Purchase Agreement, as specified in this Section 10.08 and to return such amounts to such Holder in accordance with Section 10.08(d).

  • Any amounts on deposit in the Defaulting Holder’s Holder Subaccount will be held by the Trustee for the benefit of the Issuer and may be used by the Trustee to satisfy (in whole, or if insufficient funds are available in such Holder Subaccount, in part) the Defaulting Holder’s obligation to fund any Draw.

  • Each Holder Subaccount shall be governed by the terms of the Indenture, and any amounts on deposit in any Holder Subaccount will be invested in Eligible Investments.

Related to Holder Subaccount

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

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

  • Subaccount means any subaccount designated and established hereunder.

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

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

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

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

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Note Account As defined in the Indenture.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

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

  • 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.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

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

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

  • 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.