Principal Accumulation Account definition

Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.
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Principal Accumulation Account is defined in Section 4.9(a).
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Principal Accumulation Account shall have the meaning set forth in ------------------------------ subsection 4.9(a). -----------------
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Examples of Principal Accumulation Account in a sentence

  • Indenture Trustee, at the written direction of the Servicer, shall deposit Excess Principal Collections allocated to Series 2024-1 to the Principal Accumulation Account or the Distribution Account, as applicable.

  • This option shall not be exercisable if the purchase price (reduced by the amount on deposit in the Principal Accumulation Account available for distribution to Noteholders) exceeds the lesser of the estimated fair value, or the par value plus accrued interest, of a portion of the Receivables in Eligible Accounts then designated to the Trust equal to the Collateral Amount.

  • The Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account are hereby designated as the Series Accounts for the Series 2024-1 Notes.


More Definitions of Principal Accumulation Account

Principal Accumulation Account is defined in SUBSECTION 4.9(a).
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Principal Accumulation Account means a segregated Dollar-denominated account to be established by the Security Trust Trustee, in the name of the Security Trust.
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Principal Accumulation Account means the Euro denominated account IBAN: IT82B0335101600008414069780 opened with the Italian Account Bank or any other account opened with any Eligible Institution in accordance with the Cash Allocation, Management and Payment Agreement.
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Related to Principal Accumulation Account

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Finance Charge Account is defined in Section 4.9(a).

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.