Initial Accounts definition

Initial Accounts means the Accounts designated pursuant to the Initial Account Assignments.

Initial Accounts means a primary record of all money transactions affecting the revenues of the Union or of any State as they occur;

Initial Accounts shall have the meaning specified in Section 2.1.

Examples of Initial Accounts in a sentence

• The Trustee further acknowledges that, prior to or simultaneously with the execution and delivery of this Agreement, the Transferors delivered to the Trustee the computer file or microfiche list relating to the Initial Accounts described in the third to last paragraph of Section 2.01.

• For purposes of this paragraph, Eligible Accounts shall be deemed to include only credit or charge accounts of the same nature as those included as Initial Accounts or which have previously been included in any Aggregate Addition if the Assignment related to such Aggregate Addition expressly provides that such type of credit or charge account is permitted to be designated as a New Account.

• For purposes of this paragraph, Eligible Accounts shall be deemed to include only charge accounts of the same nature as those included as Initial Accounts or which have previously been included in any Aggregate Addition.

• The Servicer shall, at its own expense, on or prior to the Initial Closing Date, in the case of the Initial Accounts, and on or prior to the applicable Addition Date, in the case of Additional Accounts, indicate in its computer files that the Eligible Receivables in the Accounts in the Pool of Accounts have been sold and transferred by GMAC to the Purchaser hereunder and by the Purchaser to the Trust under the Trust Sale and Servicing Agreement.

• As of the Cut-Off Date, the Initial Account Schedule is an accurate and complete listing in all material respects of all the Initial Accounts and the information contained therein with respect to the identity of such Initial Accounts and the Principal Receivables arising in connection therewith is true and correct in all material respects as of the Cut-Off Date.

More Definitions of Initial Accounts

Initial Accounts has the meaning set forth in the Transfer and Servicing Agreement.

Initial Accounts means a primary record of all money transactions affect- ing the revenues of the Federation (Union) or of any Province (State) as they occur;

Initial Accounts means a set of financial information as at 31 October 2017, comprising of statutory trial balances of the Target Companies, summarized balance sheets of the Target Companies, statement of inter-company balances and underlying notes, where applicable, copies of which are attached as Part B of Schedule 3;

Initial Accounts means each Eligible Account owned by an Account Owner and designated for inclusion as an Account pursuant to Section 2.01 on the Initial Issuance Date.

Initial Accounts means each revolving charge account existing in the Included Portfolios as of the Initial Cut-Off Date.

Initial Accounts means each revolving credit account identified in the Account Schedule delivered on the Effective Date.

Initial Accounts means the consolidated financial statements of the Issuer for the year ended December 31, 2008 as certified by its auditors.