Payahead Account definition

Payahead Account means the account or accounts designated as such and established and maintained pursuant to Section 5.01.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Payahead Account means the account designated as such and established and maintained pursuant to Section 4.01.

Payahead Account means the account established and maintained as such pursuant to Section 4.1(d).

Examples of Payahead Account in a sentence

• The parties hereby acknowledge that there shall be no Residual Value Surplus Account or Payahead Account (as defined in the Titling Trust Agreement).

• On or before each Payment Date, all amounts required to be deposited in the Note Distribution Account with respect to the preceding Collection Period pursuant to Sections 4.06 and 4.07 of the Sale and Servicing Agreement will be transferred from the Collection Account, the Reserve Fund, the Payahead Account and/or the Yield Supplement Account to the Note Distribution Account.

• In order to facilitate the servicing of the Contracts by the Servicer, the Servicer shall retain, subject to and only to the extent permitted by the provisions of this Agreement, all collections on the Contracts prior to the time they are remitted or credited, in accordance with such provisions, to the Collection Account or the Payahead Account, as the case may be.

• Investment income or interest earned on the Payahead Account shall be remitted to the Servicer at least monthly, or as frequently as the Servicer may reasonably request.

• All monies deposited from time to time in the Payahead Account shall be held by the Indenture Trustee as part of the Trust Property and all deposits to and withdrawals therefrom shall be made only upon the terms and conditions of the Basic Documents.

More Definitions of Payahead Account

Payahead Account means the account designated as such, established and maintained pursuant to Section 9.09.

Payahead Account means the account established and maintained as such pursuant to Section 4.1(d) of the Sale and Servicing Agreement.

Payahead Account means the account established and maintained as the Payahead Account pursuant to Section 4.1.

Payahead Account means the Payahead Account established and maintained pursuant to Section 7.01 hereof.

Payahead Account means the account or accounts designated as such and established and maintained pursuant to Section 14.01.

Payahead Account means the account designated as such, established and maintained pursuant to Section 4.1. The Payahead Account shall be held by the Trustee but shall be primarily for the benefit of the Obligors of Rule of 78's Receivables and shall not be part of the Trust.

Payahead Account means, with respect to any Sub-Trust, the account created, designated and maintained as such pursuant to Section 4.02(a).