Series Payment Account definition

Series Payment Account means, with reference to any Series, the account designated as such in the related Supplement.
Sample 1Sample 2
Series Payment Account means account number 098074-002 established and maintained with Wilmington Trust Company or such other account established and designated as the “Series Payment Account” with respect to Series 2010-1 pursuant to Section 4.04 of the Agreement.
Sample 1Sample 2
Series Payment Account means, in respect of a specified Series, the account in the name of the Issuer held with the Offshore Account Bank and specified in the Series Transaction Administration Agreement relating to such Series, and any replacement or successor account in relation thereto.
Sample 1Sample 2

Examples of Series Payment Account in a sentence

  • On each Payment Date following the termination of the Series 2010-1 Revolving Period or the receipt by the Collateral Trustee of written notice of the occurrence of any OC Shortfall (unless such OC Shortfall shall have been cured in accordance with the proviso of Section 6.03(a)(v)), the Aggregate Principal Balance of the Series 2010-1 Notes shall be reduced to the extent that funds are available in the Series Payment Account to be distributed for such purpose pursuant to Section 6.03(a)(vi).

  • The amounts to be withdrawn from the Series Collection Account and transferred to the Series Payment Account on the Business Day before each Payment Date pursuant to clause (i)(A) of the preceding sentence and the Monthly Report, will be equal to the amount of all Collections in respect of Series Trust Assets received during the prior Collection Period.

  • The Master Servicer shall (with a copy to the Trustee) instruct the Paying Agent to make the appropriate transfers from the Series Collection Account and the Series Reserve Account to the Series Payment Account and from the Series Investment Proceeds Account, in each case, to facilitate making the payments required pursuant to Sections 6.02(b) and 6.03 by the close of business on the Business Day immediately preceding the Payment Date following such Series Determination Date.

  • The Paying Agent shall make distributions to Noteholders of each Series, the Applicable Master Servicer for each Series, the Back- up Servicer, the Trustee and to the extent applicable, Series Enhancers, from the Series Payment Account for each Series pursuant to the terms of each Supplement and shall report the amounts of such distributions to the Trustee.

  • Any Paying Agent shall have the power, revocable by the Issuer, to withdraw funds from the Series Collection Account, and the Series Payment Account, in each case, for the purpose of making the distributions referred to above.

  • The Paying Agent shall make distributions to Series 2010-1 Noteholders, the Master Servicer, the Back-up Servicer, the Trustee and the Collateral Trustee, from the Series Payment Account pursuant to the terms of the Supplement and shall report the amounts of such distributions to the Trustee.

  • Neither funds deposited in the Series Payment Account nor funds deposited to any other Series Account on the Business Day prior to a Payment Date shall be required to be invested overnight.

  • The Paying Agent shall make distributions to Investor Certificateholders of each Series, the Applicable Master Servicer for each Series, the Back-up Servicer, the Trustee and to the extent applicable, Series Enhancers, from the Series Payment Account for each Series pursuant to the terms of each Supplement and shall report the amounts of such distributions to the Trustee.


More Definitions of Series Payment Account

Series Payment Account means the segregated bank account established and designated as such pursuant to Section 6.01(a). The Series Payment Account shall initially be account number 47-47-002-0000000 established and maintained by PNC Bank, National Association at PNC Bank, Delaware, 000 Xxxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxxxxx, XX 00000.
Sample 1
Series Payment Account means the segregated bank account established and designated as such pursuant to Section 4.03(a), and identified in the Supplement as the “Series Payment Account”.
Sample 1

Related to Series Payment Account

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • 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.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

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

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Note Account As defined in the Indenture.

  • 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.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

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

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

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

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.