Examples of Payment Fund in a sentence

Notwithstanding anything herein to the contrary, the Initial Monthly Payment Fund shall not be an asset of any REMIC.
To the extent that the Initial Monthly Payment Fund constitutes a reserve fund for federal income tax purposes, (1) it shall be an outside reserve fund and not an asset of any REMIC, (2) it shall be owned by the Seller and (3) amounts transferred by any REMIC to the Initial Monthly Payment Fund shall be treated as transferred to the Seller or any successor, all within the meaning of Section 1.860G-2(h) of the Treasury Regulations.
The Master Servicer shall hold such Initial Monthly Payment Fund in the Custodial Account and shall include such Initial Monthly Payment Fund in the Available Distribution Amount for the initial Distribution Date.
The Payment Fund shall not be used for any purpose except as expressly provided in this Agreement.
The Payment Fund shall not be used for any other purpose, except as provided in this Agreement.

More Definitions of Payment Fund

Payment Fund shall have the meaning set forth in Section 3.5.

Payment Fund means the monies which have been paid by me to you and kept in a separate suspense account opened and maintained by you for such purposes as you deem fit and which you may deal with in accordance with these Terms and Conditions.

Payment Fund is defined in Section 2.6(a).

Payment Fund means cash in an amount sufficient to make payment of the Merger Consideration pursuant to Section 2.1(c) in exchange for all of the outstanding shares of Company Common Stock (other than shares of Company Common Stock cancelled in accordance with Section 2.1(b)).

Payment Fund has the meaning assigned to such term in Section 1.7(a) of the Agreement.

Payment Fund has the meaning set forth in Section 1.8(a).