Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.
Policy Payments Account. The account established pursuant to Section 9.04 hereof.
Policy Payments Account means the account designated as such, established and maintained pursuant to Section 5.1(b) of the Sale and Servicing Agreement.
Examples of Policy Payments Account in a sentence
The Trustee shall keep a complete and accurate record of all funds deposited by the Insurer into the Policy Payments Account (defined below) and the allocation of such funds to payment of interest on and principal of any Certificate.
More Definitions of Policy Payments Account
Policy Payments Account. The policy payments account maintained by the Trustee pursuant to Section 12.02(b) hereof. The Policy Payments Account shall be an Eligible Account.
Policy Payments Account. The policy payments account maintained by the Indenture Trustee pursuant to Section 7.02(b) hereof.
Policy Payments Account. As defined in Section 4.02(b) hereof.
Policy Payments Account. The account created and maintained by the Trustee pursuant to Section 12.04 hereof, which shall be entitled "Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Ameriquest Securities Inc., Asset-Backed Pass- Through Certificates, Series 2004-R7, Class A-1." The Policy Payments Account must be an Eligible Account.
Policy Payments Account. Not applicable.
Policy Payments Account. The separate Eligible Account created and maintained by the Trustee pursuant to Section 6.10(c) in the name of the Trustee for the benefit of the Class I-A-2 Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Bear Sxxxxxx Asset Backed Securities I Trust 2006-AC1, Asset-Backed Certificates, Series 2006-AC1, Class I-A-2.” Funds in the Policy Payments Account shall be held in trust for the Class I-A-2 Certificateholders for the uses and purposes set forth in this Agreement.
Policy Payments Account. The account maintained pursuant to Section 4.08(b).