Centralized Lockbox Account definition

Centralized Lockbox Account shall have the meaning specified in Section 5.02(a) of the Indenture.
Centralized Lockbox Account has the meaning set forth in Section 10(b)(i) of this Agreement.
Centralized Lockbox Account shall have the meaning specified in Section 5.2(a) of the CSA. “Certified Translation Document” shall have the meaning specified in Section 1.2(c) of the Custodial Agreement. Diamond – Exhibits and Annexes to Collateral and Servicing Agreement #39316389

Examples of Centralized Lockbox Account in a sentence

  • At all times, the Centralized Lockbox Account shall be subject to the Deposit Account Control Agreement and the Intercreditor Agreement.

  • The Centralized Lockbox Account shall initially be maintained at Xxxxx Fargo Bank, N.A.

  • At all times, the Centralized Lockbox Account shall be subject to a Deposit Account Control Agreement in form and substance approved by the Administrative Agent.

  • The Centralized Lockbox Account shall initially be maintained at Wachovia Bank, N.A.

  • The office of Secretary is vacated if the Secretary ceases to reside in Australia or otherwise in accordance with rule 9.7.

  • The Centralized Lockbox Account shall be maintained at a bank acceptable to the Buyer.

  • Funds in the Centralized Lockbox Account shall be invested by the Lockbox Bank solely in Cash Equivalents.

  • Day after receipt of any Receivables or other payments due under the Timeshare Loans in the Centralized Lockbox Account, the Servicer shall determine and segregate such Receivables and other payments from any monies or other items in the Centralized Lockbox Account that do not relate to Receivables or other payments made on the Timeshare Loans, and within one Business Day thereafter the Servicer shall remit such Receivables and other payments to the Collection Account.

  • There are also recommended procedures for packaging samples collected by the Organization for Prohibition of Chemical Weapons (OPCW) to verifythe Chemical Weapons Convention treaty.

  • Where changes are necessary, AMS will give you reasonable notice of the changes, which will include details of why the change was necessary, and what has changed.

Related to Centralized Lockbox Account

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Collection Accounts As defined in Section 3.10(a).

  • 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.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • 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.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

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

  • Lockbox Processor means Regulus Group II LLC, or its successors or assigns.

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

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

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

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

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

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • 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.

  • Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • Lockbox Bank means a depository institution named by the Servicer and acceptable to the Controlling Party.