Issuer Profit Ledger means the ledger so referred to in Clause 6.1.1; "Issuer's Monies" has the meaning specified in Clause 6.4.1;

Issuer Profit Ledger has the meaning given to it in the Administration Agreement;

Issuer Profit Ledger means the ledger opened by the Cash Administrator and designated the Issuer Profit Ledger in the Interest Account;

Examples of Issuer Profit Ledger in a sentence

The Issuer Cash Manager shall record as a debit to the Issuer Profit Ledger any amounts paid by the Issuer as dividends and/or corporation tax.
On the Closing Date, the Cash Manager will establish the Issuer Profit Ledger which shall record as a credit the Issuer Profit Amounts paid into the Issuer Transaction Account for the account of the Issuer in accordance with the Pre-Acceleration Priority of Payments.
The Cash Administrator undertakes that it will on the Issue Date open and thereafter maintain in the books of the Issuer certain ledgers, to be known as the Revenue Ledger, the Principal Ledger, the Liquidity Reserve Fund Ledger and the Issuer Profit Ledger which shall together reflect all amounts from time to time held by the Issuer, being the aggregate of all amounts which are for the time being either: standing to the credit of the Bank Accounts; or invested in Authorised Investments.
For the avoidance of doubt, the Issuer Profit Ledger and the Class A Interest Shortfall Ledger will not be required to be kept in physical form.
No payment, transfer or withdrawal from the Issuer Accounts (other than amounts standing to the Issuer Profit Ledger) may be made under this Clause 6 (Payments out of the Issuer Accounts and Application of Cash Prior to Acceleration) at any time after a Note Acceleration Notice has been served other than with the prior written consent of the Security Trustee.

More Definitions of Issuer Profit Ledger

Issuer Profit Ledger means the ledger of the Transaction Account which shall record (A) as a credit any amounts retained by the Issuer as profit in accordance with the Pre-Enforcement Revenue Priority of Payments or the Post-Enforcement Priority of Payments (as applicable) and (B) as a debit any amount used to discharge any tax liability of the Issuer. Certain other Secured Amounts rank senior to the Issuer's obligations under the Notes in respect of the allocation of proceeds as set out in the Pre-Enforcement Revenue Priority of Payments and the Post-Enforcement Priority of Payments. Interest payable on the Notes: The interest rates applicable to each Class of Notes are describedin the sections "Full Capital Structure of the Notes" and "Terms and Conditions of the Notes". Interest Deferral: Interest due and payable on the Most Senior Class of Notes willnot be deferred. Interest due and payable on a Class of Notes (other than the Most Senior Class of Notes) may be deferred in accordance with Condition 8.12 (Interest Accrual). Gross-up: None of the Issuer, the Trustee or any other person will be obliged to pay any additional amounts to the Noteholders if there is any withholding or deduction for or on account of taxes from a payment made under the Notes. Redemption: The Notes are subject to the following optional or mandatory redemption events:

Issuer Profit Ledger means the ledger so referred to in sub-clause 6.2.1; "Issuer's Monies" has the meaning specified in Clause 6.5;

Issuer Profit Ledger means the ledger so named with respect to the Series 2005-B Issuer Distribution Account;

Issuer Profit Ledger means the ledger so named with respect to the Series 2007-1 Issuer Distribution Account;

Issuer Profit Ledger means a separate ledger in relation to the Issuer Transaction Account, segregated from all other amounts standing to the credit of the Issuer Transaction Account to which the Issuer Profit is to be credited.