SUBI Lease Account definition

SUBI Lease Account has the meaning set forth in Section 4.04.
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SUBI Lease Account has the meaning set forth in the Origination Trust Agreement.
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Examples of SUBI Lease Account in a sentence

  • The 1999-A SUBI Lease Account shall relate solely to the 1999-A SUBI and the 1999-A SUBI Portfolio, and funds therein shall not be commingled with any other monies, except as otherwise provided for or contemplated in the Origination Trust Agreement as supplemented by this 1999-A SUBI Supplement or the 1999-A Servicing Supplement.

  • All transfers of funds into and out of the 1999-A SUBI Lease Account shall be made in accordance with Section 4.04 of the Origination Trust Agreement.

  • Notwithstanding the provisions of Section 4.04 of the Origination Trust Agreement, the Servicer shall be required to establish and maintain with respect to the 1999-A SUBI the 1999-A SUBI Lease Account in the name of the Origination Trustee, which account shall constitute a SUBI Lease Account, only if the Monthly Remittance Conditions are no longer satisfied.

  • Any such 1999-A SUBI Lease Account initially shall be established with U.S. Bank, as Trust Agent, and at all times shall be an Eligible Account.

  • All amounts held in the 1999-A SUBI Lease Account shall be invested in Eligible Investments until distributed or otherwise applied in accordance with the Origination Trust Agreement, this 1999-A SUBI Supplement, the 1999-A Servicing Supplement or the Servicing Agreement.

  • If the Trust Agent no longer meets the requirements stated in the definition of Eligible Account, then the Servicer shall, with the Origination Trustee's assistance as necessary, cause the 1999-A SUBI Lease Account to be moved to a bank or trust company that satisfies those requirements.

  • All amounts held in the 1999-A SUBI Lease Account shall be invested in Permitted Investments in accordance with Section 7.01(d) of the Trust Agreement, Section 11.02(d) hereof and Section 8.03 of the Indenture until distributed or otherwise applied in accordance with the Trust Agreement or this Supplement.

  • In the event Leases and Vehicles are being acquired by any Administrative Agent on behalf of the Trust both with respect to the UTI and any SUBI simultaneously, then the Trustee shall first allocate all such Leases and Vehicles to such SUBI until funds available for such purpose in the related SUBI Lease Account are exhausted, and shall then allocate all remaining Leases and Vehicles to the UTI.

  • Any 1996-B SUBI Lease Account initially shall be established with the Trust Agent and at all times shall be an Eligible Account.

  • All amounts held in the 1998-A SUBI Lease Account shall be invested in Permitted Investments in accordance with Section 7.01(d) of the Trust Agreement, Section 11.02(d) hereof and Section 8.03 of the Indenture until distributed or otherwise applied in accordance with the Trust Agreement or this Supplement.

Related to SUBI Lease Account

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

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

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

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • 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.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Separate Accounts means the accounts which are to be prepared for each

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Security Deposit Account has the meaning given in Section 5.1.

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

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

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

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.