Note Distribution Account definition

Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

Note Distribution Account means the account designated as such, and established and maintained pursuant to Section 4.01 of the Sale and Servicing Agreement.

Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii) of the Sale and Servicing Agreement.

Examples of Note Distribution Account in a sentence

• The Note Distribution Account shall initially be established with the Trust Collateral Agent.

• On or before each Distribution Date and Redemption Date, the Issuer shall deposit or cause to be deposited in the Note Distribution Account from the Collection Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Note Paying Agent is the Trustee) shall promptly notify the Trustee of its action or failure so to act.

• If the Notes are to be redeemed pursuant to this Section 10.1, the Servicer or the Issuing Entity shall furnish notice thereof to the Indenture Trustee not later than twenty-five (25) days prior to the Redemption Date and the Indenture Trustee (based on such notice) shall withdraw from the Collection Account and deposit into the Note Distribution Account, on the Redemption Date, the aggregate Redemption Price of the Notes, whereupon all such Notes shall be due and payable on the Redemption Date.

• On each Distribution Date and on the Redemption Date (if applicable), the Issuing Entity shall cause amounts on deposit in the Note Distribution Account to be distributed to the Noteholders in accordance with Sections 2.7 and 8.2, less amounts properly withheld under the Code (and applicable provisions of State, local or non-U.S. tax law) by any Person from a payment to any Noteholder of interest or principal.

• The Collection Account, the Note Distribution Account and the Reserve Account, collectively.

More Definitions of Note Distribution Account

Note Distribution Account means the account established and maintained as such pursuant to Section 7.01.

Note Distribution Account means the trust account established by the Indenture Trustee on behalf of the Noteholders pursuant to Section 8.02, into which amounts released from the 20[__]-[__] SUBI Collection Account and the Reserve Fund for distribution to Noteholders shall be deposited and from which all distributions to Noteholders shall be made.

Note Distribution Account has the meaning set forth in the Indenture.

Note Distribution Account means the account specified on Exhibit A.

Note Distribution Account means the account established and maintained as such pursuant to Section 4.01.

Note Distribution Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 8.2(a) of this Indenture.

Note Distribution Account shall have the meaning assigned to such term in the Sale and Servicing Agreement.