Principal Distribution Account definition

Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
Principal Distribution Account means the account designated as such, established and maintained pursuant to Section 5.01(b).
Principal Distribution Account means the account by that name established and maintained pursuant to Section 8.2(a)(ii) of the Indenture.

Examples of Principal Distribution Account in a sentence

  • The Issuing Entity shall deposit by 10:00 A.M. New York City time on the Redemption Date with the Indenture Trustee in the Principal Distribution Account the Redemption Price of the Notes to be redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.2 to each Holder of the Notes.

  • The Principal Distribution Account shall be under the sole dominion and control of the Indenture Trustee until the Outstanding Note Amount has been reduced to zero.


More Definitions of Principal Distribution Account

Principal Distribution Account means the account designated as such, established and maintained pursuant to Section 8.2(c) of the Indenture.
Principal Distribution Account means the administrative subaccount within the Collection Account established by the Indenture Trustee pursuant to Section 5.01(a)(i).
Principal Distribution Account shall have the meaning specified in Section 8.02(a)(ii) of the Indenture.
Principal Distribution Account means the account designated as such, established and maintained pursuant to Section 2.03(a)(iv) of the Administration Agreement.
Principal Distribution Account means the account designated as such, established and maintained pursuant toU Section 5.1(b)U.
Principal Distribution Account means the account designated as such, established and maintained pursuant toU Section 5.1(b)U . “Program” has the meaning specified in U Section 4.11U .
Principal Distribution Account means the administrative subaccount of the Note Distribution Account established and maintained as such pursuant to Section 5.1 of the Sale and Servicing Agreement.