Trustee Accounts definition
Examples of Trustee Accounts in a sentence
Any Series Servicer may make deposits into and make disbursements from the Trustee Accounts in accordance with the terms and provisions of this Agreement, any Series Servicing Agreement or any other Series Contract.
A Trustee may authorize any Servicer to make deposits into and to make disbursements from its Trustee Accounts in accordance with the terms and provisions of this Agreement, any Servicing Agreement or the documents relating to any Financing.
The Titling Trustee, as directed by the Servicer, will account for and record separately all proceeds that are received by the Titling Trustee relating to each of the Titling Trustee Accounts from the Titling Trust Assets.
If at any time the Security Trustee Accounts are no longer to be maintained by the then Operating Bank under the Security Trust Agreement, the Administrative Agent shall cause the successor Operating Bank to establish and maintain the Accounts previously maintained by its predecessor (in each case with the same name and purposes as it had so been maintained) and those to be established and maintained thereafter.
A set of Trustee Accounts & Benefit Statement will be issued after renewal date.