Examples of Master Spread Account Agreement in a sentence
In addition, the Trustee agrees that its recourse to the Trust Estate and amounts held pursuant to the Master Spread Account Agreement shall be limited to the right to receive the distributions referred to in Section 5.7(a) of the Sale and Servicing Agreement.
The Residual Pass-through Certificates shall represent beneficial ownership interests in the Trust Property, and the Residual Certificateholders shall be entitled to receive distributions with respect thereto as set forth herein and in the Master Spread Account Agreement.
Shortfalls in any such amounts due to the Owner Trustee or the Indenture Trustee on any Distribution Date may be paid using amounts transferred from the Spread Account only to the extent provided in Section 3.03(b) of the Master Spread Account Agreement.
ALACRC is the owner of certain rights in certain spread accounts (the "SPREAD ACCOUNTS") and all monies, checks, securities, investments and other documents related thereto (collectively, with the Spread Accounts, the "SPREAD ACCOUNT COLLATERAL") created and described in the Master Spread Account Agreement.
Absent a Financial Security Default (as defined in the Master Spread Account Agreement), the Trust Collateral Agent may be removed by the Controlling Party at any time (and should be removed at any time that the Indenture Trustee has been removed), with or without cause, by an instrument or concurrent instruments in writing delivered to the Trust Collateral Agent, the other Trust Secured Party and the Trust.