Examples of Upper-Tier Distribution Account in a sentence

Thereafter, such amounts shall be considered to be held in the Upper-Tier Distribution Account until distributed to the Certificateholders.
Any Available Funds remaining in the Upper-Tier Distribution Account, after all required distributions under this Agreement have been made to each other Class of Certificates and the Class LT-R Interest, will be distributed to the Holders of the Class R Certificates in respect of the UT-R Interest.
Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount," and shall be made by the Paying Agent by depositing such Lower-Tier Distribution Amount in the Upper-Tier Distribution Account.
Such amounts distributed to the Uncertificated Lower-Tier Interests in respect of principal and interest with respect to any Distribution Date are referred to herein collectively as the "Lower-Tier Distribution Amount," and shall be made by the Paying Agent by deeming such Lower-Tier Distribution Amount to be deposited in the Upper-Tier Distribution Account.
The Upper-Tier Distribution Account shall be established and maintained as an Eligible Account.

More Definitions of Upper-Tier Distribution Account

Upper-Tier Distribution Account and “Regular Interest Distribution Account”, respectively). The Distribution Account must be an Eligible Account. On each Remittance Date, the Servicer shall transfer from the Collection Account to the Certificate Administrator for deposit into the Distribution Account all funds remaining on deposit therein pursuant to clause (xii) of Section 3.4(c). The Certificate Administrator shall credit the funds remitted by the Servicer from the Collection Account to the Distribution Account. Amounts held in the Distribution Account shall be uninvested. The Certificate Administrator shall make withdrawals from the Distribution Account (i) to withdraw any amounts deposited therein in error, (ii) to deposit any required Withheld Amounts into the Interest Reserve Account pursuant to Section 3.4(d) and (iii) to make distributions to the Holders of the Certificates pursuant to Section 4.1.

Upper-Tier 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 Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identity of the Trustee or the Certificate Administrator) shall be entitled “Wxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of Wxxxx Fargo Bank, National Association, as Trustee, for the registered Holders of CSAIL 2015-C3 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2015-C3, Upper-Tier Distribution Account” and which must be an Eligible Account.

Upper-Tier Distribution Account. The segregated account or accounts (or a subaccount of the Distribution Account) created and maintained by the Trustee pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "LaSalle Bank National Association, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortxxxx Xxxx-Xhxxxxx Certificates, Series 2005-LDP5, Upper-Tier Distribution Account." Any such account or accounxx xxxxx xx xx Xxxxxxle Account (or a subaccount of the Distribution Account).

Upper-Tier Distribution Account means the subaccount deemed to be a part of the Distribution Account and maintained by the Trustee pursuant to Section 3.04(b).

Upper-Tier 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 Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identity of the Trustee or the Certificate Administrator) shall be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2014-GC18, Upper-Tier Distribution Account” and which must be an Eligible Account.

Upper-Tier Distribution Account. The segregated account or accounts (or a subaccount of the Distribution Account) created and maintained by the Paying Agent pursuant to Section 3.04(b) in trust for the Certificateholders, which shall be entitled "LaSalle Bank National Association, as Paying Agent, in trust for the registered Holders of X.X. Xxxxxx Xxxxx Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 0000-XX0, Xxxxx-Xxxx Distribution Account." Any such account or accounts shall be an Eligible Account (or a subaccount of the Distribution Account).

Upper-Tier 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 Distribution Account) or accounts by the [trustee][certificate administrator] pursuant to Section 3.04(b) of this Agreement, which shall be entitled “[[_____], as Certificate Administrator, in trust for] [_____], as Trustee, for Holders of SG Commercial Mortgage Securities, LLC, Commercial Mortgage Pass-Through Certificates, Series 20[__]-[__], Upper-Tier Distribution Account” and which must be an Eligible Account.