Examples of Issuer Profit Account in a sentence
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.
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.
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.