Negative Carry Account definition

Negative Carry Account means the account, if any, designated as such, established and maintained pursuant to Section 5.01(a)(v) of the Sale and Servicing Agreement.

Negative Carry Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(v) of the Sale and Servicing Agreement.

Negative Carry Account means the account established and maintained as such pursuant to Section 4.1(c).

Examples of Negative Carry Account in a sentence

• On each Payment Date, the Servicer will instruct the Indenture Trustee to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Collection Period.

• In addition, on the Payment Date following the calendar month in which the last day of the Funding Period occurs, the Servicer will instruct the Indenture Trustee to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account (after giving effect to all withdrawals from the Negative Carry Account on that Payment Date) and deposit it into the Collection Account for application as Available Funds for such Payment Date.

• If the amount on deposit in the Negative Carry Account on any Payment Date (after giving effect to the withdrawal therefrom of the Negative Carry Amount for such Payment Date) is greater than the Required Negative Carry Account Balance, the excess will be released to the Seller.

• Release Excess Funds from Negative Carry Account to Seller (MART) 0.00 4.

• On or before each Payment Date, the Indenture Trustee shall make all withdrawals and deposits to the Collection Account, Note Distribution Account, Reserve Account, the Pre-Funding Account, if any, and the Negative Carry Account, if any, and shall make all distributions to Certificateholders in accordance with Sections 5.06 and 5.07 of the Sale and Servicing Agreement.

More Definitions of Negative Carry Account

Negative Carry Account with account number 251534003.

Negative Carry Account. The account designated as such, established and ---------------------- maintained pursuant to Section 5.01(a)(v) of the Pooling and Servicing Agreement.

Negative Carry Account. The account designated as such, established and maintained pursuant to Section 2.02(a)(vi) of the Servicing Agreement. Negative Carry Account Initial Deposit: Cash or Eligible Investments having a value of $1,965,963.20.

Negative Carry Account with account number [_________].

Negative Carry Account has the meaning set forth in the Sale and Servicing Agreement.

Negative Carry Account. The account designated as such, established and maintained pursuant to Section 2.02(a)(vi) of the Servicing Agreement.

Negative Carry Account. As defined in Section 12.05 hereof.