Special Payment Account definition

Special Payment Account means the special account designated by that name established by the Administrative Agent pursuant to Article VIII.
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Special Payment Account the Special Payment Account established and maintained pursuant to the Security Deposit Agreement.
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Special Payment Account means the special account designated by that name established by the Security Agent pursuant to Section 2.2 of the Existing Security Deposit Agreement, and continued to be maintained by the Security Agent pursuant to this Agreement.
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Examples of Special Payment Account in a sentence

  • But the party is entitled to representation by litigation friend irrespective the income and financial situation of the party granted exemption from costs, if the exemption covers the costs of representation through a litigation friend.

  • From Fiscal Year 2009 through Fiscal Year 2016, Missouri State’s undergraduate resident tuition increased by 10.2% while inflation was 11.8%.

  • A new tax law was issued in Portugal requiring companies to pay a specific amount as income tax in advance, which is calculated based on the sales revenue of the previous year called "Special Payment Account" (SPA).

  • In this regard, the Servicer will, pursuant to the Servicing Agreement, agree to irrevocably waive receipt of all of such portion of its Servicing Fees under the Special Payment Account (Primary) for a period of two years from the Issue Date.

  • See Condition 3(c) (Priorities of Payment), Condition 3(j)(xv) (Special Payment Account (Primary)) and "Description of the Servicing Agreement – Fees".


More Definitions of Special Payment Account

Special Payment Account means the special account designated by that name ----------------------- established by the Administrative Agent pursuant to Section 8.01(a). ---------------
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Special Payment Account means a trust account of the Bontang V Trustee established as a sub-account of the Debt Service Account pursuant to Section 3.2(c).
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Special Payment Account means any credit account with a fixed payment schedule.
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Special Payment Account means the interest bearing account described as such in the name of the Issuer with the Account Bank into which a certain portion of the Servicing Fee is to be paid pursuant to the Priority of Payments.
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Related to Special Payment Account

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • 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 with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • 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.

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

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or the Collateral (as defined in any Indenture).

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

  • 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.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Special Account means the account referred to in Section 2.02 (b) 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).

  • 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.

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

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Note Account As defined in the Indenture.

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

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

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

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

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

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.