Examples of SUBI Account in a sentence
Except as otherwise set forth in this 1997-A SUBI Servicing Supplement or in any other Securitization Trust Document, the Servicer shall, on at least a monthly basis, deposit into the 1997-A SUBI Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1997-A Leased Vehicle.
In connection with the transfer of the 1998-C SUBI Certificate and the 1998-C SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Account").
In connection with the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate, TLI has established a "securities account" as such term is defined in Section 8-501 (a) of the UCC with the SUBI Securities Intermediary (the "TLI SUBI Account").
TLI shall accept the transfer of the 1998-B SUBI Certificate and the 1998-B SUBI Insurance Certificate to the TLI SUBI Account.
TMCC hereby agrees to instruct the SUBI Securities Intermediary to credit the transfer of the SUBI Certificate and the 1998-B SUBI Insurance Certificate from the TMCC SUBI Account to the TLI SUBI Account.
If at any time the Servicer shall not have given the Titling Trustee a timely investment directive with respect to any 1997-A SUBI Account, the Titling Trustee shall invest and reinvest any monies in such account(s) in a mutual fund offered by the Trust Agent or another affiliate of the Titling Trustee meeting the requirements of clause (i) of the definition of Permitted Investments.
If any proceeds of the Residual Value Insurance Policy or any other residual value insurance policies applicable to the 1999-A Leased Vehicles and the 1999-A Contracts are deposited in any SUBI Account, or another account maintained by the Origination Trustee, the 1999-A Owner Trustee or the 1999-A Indenture Trustee, such amounts shall be distributed to the Servicer by the Origination Trustee, the 1999-A Owner Trustee or the 1999-A Indenture Trustee, as applicable, on the succeeding Distribution Date.
If the Trust Agent at any time does not have the Required Deposit Rating, the Administrative Agent shall, with the assistance of the Trust Agent, as necessary, cause each such 1999-A SUBI Account to be moved as described in Section 4.02(a) of the Origination Trust Agreement.
If the Trust Agent at any time does not have the Required Deposit Rating, the Administrative Agent shall, with the assistance of the Trust Agent, as necessary, cause each such 2001-A SUBI Account to be moved as described in Section 4.02(a) of the Origination Trust Agreement.
All amounts held in the SUBI Account shall be invested in Eligible Investments in accordance with the Indenture until distributed or otherwise applied in accordance with the Indenture.