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

Upon proper exercise of such Optional Purchase and deposit of the Redemption Price into the Principal Distribution Account and the Collection Account in accordance with Section 8.08(c) of the Indenture, all of the Sold Assets to be sold in connection with such Optional Purchase shall be sold to the Servicer.
No checks shall be issued, printed or honored with respect to the Principal Distribution Account.
The Trust Accounts currently existing under the Indenture are the Reserve Account, the Collection Account and the Principal Distribution Account, maintained and held at the Intermediary by the Issuer, subject to the first priority security interest of the Secured Party for the benefit of the Noteholders in the Trust Accounts granted by the Issuer to the Secured Party to secure payment of the Notes.
The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Principal Distribution Account during each Collection Period.

More Definitions of Principal Distribution Account

Principal Distribution Account means the administrative subaccount of the Collection Account established and maintained as such pursuant to Section 4.1(b) of the Sale and Servicing Agreement.

Principal Distribution Account means the account designated as such, established and maintained pursuant to Section 8.2(c) of the Indenture.

Principal Distribution Account shall have the meaning specified in Section 8.02(a)(ii) 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 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 administrative subaccount established within the Collection Account by the Indenture Trustee pursuant to the Indenture and the Trust Agreement.

Principal Distribution Account means the account designated as such, established and maintained pursuant toU Section 5.1(b)U.