Issuer Profit Account definition

Issuer Profit Account means the bank account in the name of the Issuer held with Elavon Financial Services DAC (or such other bank as the Issuer may determine) which holds the Issuer Profit Amount.

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Issuer Profit Account means the account in the name of the Issuer into which the Issuer Profit is paid pursuant to the Expenses Agreement.

Issuer Profit Account means the cash account in the name of the Issuer into which the Issuer deposits or procures the deposit of any Issuer Profit Amount;

Examples of Issuer Profit Account in a sentence

The Cash Manager shall take all reasonable steps to ensure that it receives a bank statement from the Account Bank in relation to each of the Transaction Account and the Issuer Profit Account (as provided for in the Account Bank Agreement) and that it furnishes a copy of such statements to the Issuer and the Trustee upon request.
Unless and until the Issuer Account Bank receives notice in writing form or purporting to be from the Issuer Security Trustee to the contrary, the Issuer Account Bank is authorised to continue to operate the Accounts, with the exception of the Issuer Profit Account, without regard to the security interests pursuant to the Issuer STID and Issuer Security Documents.
Upon notification of such by the Issuer Account Bank the Accounts, with the exception of the Issuer Profit Account shall operate on the instructions of the Issuer Security Trustee.
It has been agreed that the Accounts will operate, with the exception of the Issuer Profit Account under the sole instructions of any two representatives of the Issuer Cash Manager unless and until the Issuer Security Trustee delivers an Acceleration Notice to the Issuer and the Issuer Account Bank in accordance with Clause 5.2.2 of the Issuer Account Bank Agreement.
The Deposit Account Bank has opened the Deposit Account, the Issuer Profit Account and the IRC Euro Cash Collateral Account denominated in euros in the name of the Issuer and will operate the Deposit Account and the IRC Euro Cash Collateral Account and the Issuer Profit Account in accordance with this Deposit Account Bank Agreement, the Deposit Account Mandate and the IRC Euro Cash Collateral Account Mandate and the other Transaction Documents (as applicable) to which the Deposit Account Bank is a party.

More Definitions of Issuer Profit Account

Issuer Profit Account means the account in the name of the Issuer in which the Issuer's share capital and any Issuer Profit

Issuer Profit Account means the account in the name of the Issuer held at the Account Bank, or such additional or replacement bank account at such other Account Bank and/or other banks as may for the time being be in place with the prior consent of the Trustee and designated as such;

Issuer Profit Account means the account opened prior to the Original Closing Date in the name of the Issuer held with the Issuer Account Bank in accordance with the Issuer Account Bank Agreement.

Issuer Profit Account means the account into which the retained profits of the Issuer pursuant to the Pre-Enforcement Priority of Payments are deposited, the details of which are set out in the Issuer Accounts Agreement.

Issuer Profit Account means the account in the name of the Issuer with number 47.89.55.286 with ABN AMRO Bank N.V. Amsterdam branch, into which, inter alia, the Issuer Remuneration will be deposited;

Issuer Profit Account means the Euro denominated account opened in the books of the Account Bank in the name of the Final Purchaser as identified as such in paragraph (E) of Part 2 (Account Details) of Schedule 4 (Notice and Account Details).

Issuer Profit Account means the bank account in the name of the Issuer opened with the Issuer Account Bank, into which the share capital of the Issuer and the Issuer Profit will be deposited, and includes any replacement of that account;