Securitization Account definition

Securitization Account means each Account that is designated as an “Account” under the Pooling and Servicing Agreement as of the Closing Date.
Sample 1Sample 2Sample 3
Securitization Account has the meaning specified in Section 7(b)(ii) hereof, which account shall initially be the Trust Account.
Sample 1Sample 2Sample 3
Securitization Account means each concentration account, depositary account, lock-box account or similar account in which any Collections are collected or deposited which is subject to a Securitization Account Agreement.
Sample 1Sample 2

Examples of Securitization Account in a sentence

  • In case any authorized signatory of Seller whose signature appears on a Lock-Box Agreement or a Securitization Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force.

  • Seller hereby transfers to the Agent for the benefit of the Purchasers, effective when the Agent delivers such notice, dominion and control of each Securitization Account and each Lock-Box which dominion and control shall be exclusive.

  • Each of EESLP and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the EESLP Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

  • Global Securitization Services, LLC Wire Instructions: JP Morgan Chase Bank New York, NY ABA Number: 021-000-021 Account Name: Global Securitization Account Number: 987025010365 Ref: Entergy Louisiana Investment Recovery Funding I, LLC Invoice# 36179 6.

  • Each of EI and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the EI Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

  • The Servicer shall effect an Securitization Account Agreement substantially in the form of Exhibit VI-B with each bank holding the Securitization Account at any time.

  • Each of EXLP, EXLPOP, and Intercreditor Collateral Agent agree that it shall not transfer any funds from the Lockbox Accounts to the Securitization Account or the EXLP Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

  • Each of UCI and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the UCI Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

  • Each of Universal and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the Universal Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

  • Global Securitization Services, LLC Wire Instructions: JP Morgan Chase Bank New York, NY ABA Number: 021-000-021 Account Name: Global Securitization Account Number: 987025010365 Ref: Entergy Louisiana Investment Recovery Funding I, LLC Invoice# 39430 $20,000.00 $10,000.00 $7,500.00 $3,546.70 $5,000.00 $5,000.00 v.


More Definitions of Securitization Account

Securitization Account means (a) on and after the Initial Cut-Off Date, each Initial Account, (b) on and after the applicable Additional Cut-Off Date, each Additional Account and (c) each Transferred Account, but shall exclude (i) each Securitization Account that has been closed and terminated in accordance with the relevant Account Guidelines, (ii) each Deleted Account and (iii) any Securitization Account all the Receivables in which have either been: (A) reassigned to Grantor pursuant to Section 6.1 or 6.2 of the Receivables Purchase Agreement or (B) assigned and transferred to Grantor pursuant to Section 3.03 of the Transfer and Servicing Agreement; provided, however, that any group of consumer credit accounts designated as Securitization Accounts in a notice regarding Additional Accounts given by the Securitization SPE to Grantor pursuant to the Receivables Purchase Agreement shall cease to be treated as Securitization Accounts if the purchase of receivables in such consumer credit accounts by the Securitization SPE does not commence on or prior to the fifth Business Day following the date originally specified in the notice for such addition as the expected addition date; provided further, however, that, for the avoidance of doubt, in the event any such designation of consumer credit accounts is not given effect by virtue of the preceding proviso, nothing shall prevent Grantor from at any time thereafter again designating all or a portion of such accounts to be included as Securitization Accounts and selling receivables in such Securitization Accounts to the Securitization SPE. All of the defined terms in this definition have the meanings ascribed thereto in the Securitization Documents, except for the terms “Securitization SPE” and “Grantor.”
Sample 1
Securitization Account means each Account designated as an "Account" or "Additional Account" pursuant to the Pooling Agreement prior to the execution and delivery of this Agreement and with respect to which receivables are transferred to the Trust pursuant to the Pooling Agreement, provided, however, that any such Account that (x) prior to the date of this Agreement, was designated as a "Removed Account" under the Pooling Agreement or (y) any of the Receivables in respect of which were required to be reassigned to SRFG (as "seller" under the Pooling Agreement) at any time prior to or after the date of this Agreement pursuant to Section 2.5 or Section 2.6 of the Pooling Agreement shall not be deemed a "Securitization Account" hereunder, unless such Account shall have been redesignated as an "Additional Account" pursuant to the Pooling Agreement after such reassignment and prior to the execution and delivery of this Agreement.
Sample 1
Securitization Account means Account No. 2000027030190, ABA No. 000000000, at Wachovia Bank, National Association, titled in the name of "Wachovia Bank, National Association."
Sample 1
Securitization Account has the meaning specified in Section 7(b)(ii).
Sample 1
Securitization Account means Account No. XXXXXXXXXXXXX, ABA No. XXXXXXXXX, at Wachovia Bank, National Association, titled in the name of "Wachovia Bank, National Association."
Sample 1

Related to Securitization Account

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

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

  • Note Account As defined in the Indenture.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Collection Accounts As defined in Section 3.10(a).

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • 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.

  • Administration Account As defined in Section 7.02.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Non-Lead Securitization Date means the closing date of any Non-Lead Securitization.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Securitization Date means the effective date on which the Securitization of the first Note or portion thereof is consummated.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).