Upper Tier Account definition

Upper Tier Account. The account created and maintained pursuant to Section 4.02
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Upper Tier Account. The account created and maintained with respect to the Upper Tier REMIC pursuant to Section 4.02 of the 2004-57 REMIC Trust Agreement and referred to therein as the “Trust Account.”
Sample 1

Examples of Upper Tier Account in a sentence

  • No matter if strategies are developed as top-down or bottom-up, they cannot be successful without involvement of the community, forming different networks, creating an enabling environment, quality of space, identity and authenticity of experience.

  • Any manner or manners in which the Upper Tier Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Upper Tier Interests so long as funds held in the Upper Tier REMIC by, or for the account of, the Trustee shall at all times be identified.

  • All proceeds deposited from time to time in the Upper Tier Account and all investments made with such moneys, including all income or other gains from such investments, shall be held by the Trustee in the Upper Tier Account as part of the Upper Tier REMIC as herein provided, subject to withdrawal by Xxxxxx Mae for the purposes set forth in Section 4.10.

  • No Eligible Investment may be sold while in the Lower Tier Account, the Upper Tier Account or the Base Trust Account except to the extent that Xxxxxx Mae believes that a sale of an Eligible Investment is desirable because of the possibility of a default by the obligor thereon or because such sale will not otherwise give rise to a tax under Section 860F(a)(5) of the Code.

  • Amounts credited to the Lower Tier Account, the Upper Tier Account and the Base Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby.

  • WIR holders without an ETC designation can become a California LifeLine provider using the Tier 3 advice letter filing process.

  • All or a portion of amounts in the Lower Tier Account, the Upper Tier Account or the Base Trust Account maintained with an Eligible Depository pursuant to clause (i) of Section 4.01, 4.02 or 4.03, as applicable, shall be invested and reinvested at the discretion and direction of Xxxxxx Xxx in one or more Eligible Investments bearing interest or sold at a discount.

  • In the event there are amounts remaining in the Lower Tier Account or Upper Tier Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount or Upper Tier Distribution Amount, as applicable, for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 2.08 hereof.

  • Distributions on the Lower Tier Regular Classes shall be made to the Trustee of the Upper Tier REMIC Trust by transfer of immediately available funds to the Upper Tier Account.

  • In the event that the amount on deposit in the Upper Tier Account on any Distribution Date shall be less than the applicable portion of the Middle Tier Distribution Amount, Xxxxxx Xxx, in its corporate capacity, guarantees to the Upper Tier Trust Fund that it shall provide from its own funds the amount of any insufficiency and shall deposit such funds into the Upper Tier Account for distribution by the Trustee for the Upper Tier Trust Fund pursuant to this Section 3.05.

Related to Upper Tier Account

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2017-P7, Commercial Mortgage Pass-Through Certificates, Series 2017-P7, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Upper-Tier REMIC As described in the Preliminary Statement.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

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

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Upper-Tier Certificate Any one of the Class A Certificates (other than the Class A-LR Certificate) and the Class B Certificates.

  • 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.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

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