Spread Account Property definition

Spread Account Property means the Spread Account, all amounts ----------------------- and investments held from time to time in the Spread Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise) and all proceeds of the foregoing.
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Spread Account Property has the meaning assigned thereto in Section 14.07(b).
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Spread Account Property has the meaning set forth in Section 3(a) of the Spread Account Agreement.
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Examples of Spread Account Property in a sentence

  • Further, the Seller (and any such transferee) shall include all income earned on the Subordination Spread Accounts and from any and all Subordination Spread Account Property in its (or their) gross income, pro rata, for all such tax purposes.

  • Effective upon Delivery of any Subordination Spread Account Property in the form of physical property, book-entry securities or uncertificated securities, the Custodian shall be deemed to have purchased such Subordination Spread Account Property for value, in good faith, and without notice of any adverse claim thereto.

  • The Custodian hereby acknowledges such transfer and accepts the trust hereunder and shall hold and distribute the Subordination Spread Account Property in accordance with the terms and provisions of this Section 5.

  • It is the intent of the parties that the ----- Subordination Spread Account Property be treated as property of the Seller or, if the Class B Certificates are transferred by the Seller, by the Seller and the transferee thereof in direct proportion to their respective contributions of such property, for all federal, state and local income and franchise tax purposes.

  • Effective upon delivery of any Spread Account Property in the form of physical property, book-entry securities or uncertificated securities, the Indenture Trustee shall be deemed to have purchased such Spread Account Property for value, in good faith and without notice of any adverse claim thereto.

  • The Indenture Trustee shall not enter into any subordination or intercreditor agreement with respect to the Spread Account Property.

  • It is the intent of the parties that the Subordination Spread Account Property be treated as property of the Seller or, if the Class B Certificates are transferred by the Seller, by the Seller and the transferee thereof in direct proportion to their respective contributions of such property, for all federal, state and local income and franchise tax purposes.

  • Realized losses, if any, on investments of the Spread Account Property shall be charged first against undistributed investment earnings attributable to the Spread Account Property and then against the Spread Account Property.

  • The Spread Account and the Spread Account Property shall not be part of the Trust, but instead will be held by the Collateral Agent, for the benefit of the Holders of the Certificates and the Certificate Insurer.

  • Collateral Agent shall be deemed to have purchased such Spread Account Property for value, in good faith and without notice of any adverse claim thereto.


More Definitions of Spread Account Property

Spread Account Property means (a) the Spread Account, (b) all property (including all cash, financial assets and security entitlements) from time to time deposited in, carried in or credited to, or required to be deposited in, carried in or credited to, the Spread Account, (c) all funds from time to time deposited in or credited to, or required to be deposited in or credited to, the Spread Account, (d) all credit balances related to the Spread Account, (e) all rights, claims and causes of action of the Guarantor with respect to the Spread Account, and (f) all proceeds of the foregoing.
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Related to Spread Account Property

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Spread Account means the Spread Account established and maintained pursuant to the Spread Account Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Account Property means, with respect to each Account, such Account, together with all cash, securities, financial assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the (i) Reserve Fund, the Reserve Fund Initial Deposit and (ii) Yield Supplement Account, the Yield Supplement Account Deposit.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.