Obligor Security Deposit Account definition

Obligor Security Deposit Account means the segregated trust account with that name established with JPMorgan Chase Bank, N.A. (or such successor bank, if applicable) in the name of the Originator and maintained pursuant to Section 5.01 of the Indenture.
Sample 1Sample 2Sample 3

Examples of Obligor Security Deposit Account in a sentence

  • Security Deposits on deposit in the Obligor Security Deposit Account nor (iii) amounts received relating to Grid Services.

  • On each Business Day, the Issuer shall cause to be deposited into the Collection Account all amounts in the Lockbox Account (other than the Lockbox Account Retained Balance or Merchant Processing Amounts) from Obligors or otherwise in respect of the Conveyed Property (other than Obligor Security Deposits received from an Obligor, which will be deposited by the Servicer into the Obligor Security Deposit Account, and amounts received relating to Grid Services).

Related to Obligor Security Deposit Account

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Management Account has the meaning set forth in Section 2.7(a).