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.

• 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.

• 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.

• 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.

• The Cash Manager shall ensure that it will credit the Issuer Profit Account with any amounts retained by the Issuer as profit in accordance with the relevant Priorities of Payments and debit any amounts paid out as tax payments or dividends.

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 opened prior to the 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 so named held in the name of the Issuer at the Account Bank;

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 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;

Issuer Profit Account means the interest-bearing account in the name of the Issuer held with the Bank of Ireland or any further or other account so named or redesignated and in to which (a) the Issuer’s share capital has been paid and (b) the Issuer will procure that amounts are paid in accordance with Condition 3(c) ( Priorities of Payment) and Condition 11(b) ( Enforcement).

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;