Subordinated Note Principal Collection Account definition

Subordinated Note Principal Collection Account means the Subordinated Note Principal Collection Account, the Subordinated Note Unscheduled Principal Payments Account and the Subordinated Note Credit Risk Proceeds Account, collectively, established pursuant to Section 10.1(b) and described in Section 10.2(a).
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Subordinated Note Principal Collection Account. The meaning specified in Section 10.2(a).
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Subordinated Note Principal Collection Account. (together with the Secured Note Principal Collection Account, the “Principal Collection Account”; collectively with the Interest Collection Account, the “Collection Account”). All distributions on the Assets and any proceeds received from the disposition of any Assets will be remitted to the Interest Collection Account or the applicable Principal Collection Account, as applicable. Principal Proceeds in respect of Subordinated Note Collateral Obligations or Xxxxxx Xxxxx credited to the Subordinated Note Custodial Account (as directed by the Collateral Manager) will be deposited into the Subordinated Note Principal Collection Account and all other Principal Proceeds will be deposited into the Secured Note Principal Collection Account. The Trustee shall from time to time deposit into the Interest Collection Account, in addition to the deposits required pursuant to Section 10.5(a), immediately upon receipt thereof or upon transfer from the Expense Reserve Account or Payment Account, all Interest Proceeds (unless simultaneously reinvested in additional Collateral Obligations in accordance with Article XII). The Trustee shall deposit immediately upon receipt thereof or upon transfer from the Expense Reserve Account or Revolver Funding Account all other amounts remitted to the Collection Account into the Principal Collection Account, including in addition to the deposits required pursuant to Section 10.5(a), (i) any funds designated as Principal Proceeds by the Collateral Manager in accordance with this Indenture (provided that the Collateral Manager shall not designate any amounts as Principal Proceeds if such designation would cause a Retention Deficiency) and (ii) all other Principal Proceeds (unless simultaneously reinvested in additional Collateral Obligations in accordance with Article XII or in Eligible Investments). The Issuer may, but under no circumstances shall be required to, deposit from time to time into the Collection Account prior to the first Payment Date, in addition to any amount required hereunder to be deposited therein, such monies received from external sources for the benefit of the Secured Parties (other than payments on or in respect of the Collateral Obligations, Eligible Investments or other existing Assets) as the Issuer deems, in its sole discretion, to be advisable and to designate them as Interest Proceeds or Principal Proceeds. Prior to the Effective Date, any Principal Proceeds shall be held in the Ramp-Up Account. 185
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Examples of Subordinated Note Principal Collection Account in a sentence

  • Principal Proceeds in respect of Subordinated Note Collateral Obligations or Xxxxxx Xxxxx credited to the Subordinated Note Custodial Account (as directed by the Collateral Manager) will be deposited into the Subordinated Note Principal Collection Account and all other Principal Proceeds will be deposited into the Secured Note Principal Collection Account.


More Definitions of Subordinated Note Principal Collection Account

Subordinated Note Principal Collection Account means the Subordinated Note Principal Collection Account, the Subordinated Note Unscheduled Principal Payments Account
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Related to Subordinated Note Principal Collection Account

  • 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.

  • 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.

  • Principal Collections means Collections of Principal Receivables.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2024-2 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2024-2 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Investor Principal Collections means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections retained or deposited in the Principal Account for Series 2012-1 pursuant to Section 4.3(b)(ii) for such Monthly Period.

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

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • Note Account As defined in the Indenture.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

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

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Finance Charge Collections means Collections of Finance Charge Receivables.