Collections Account. (a) The Servicer shall maintain, in the Company's name, at a depository institution (which may be the Trustee), a lock box account (the "Collections Account"). The Collections Account shall be an Eligible Account. The Servicer shall give the Trustee and the Company at least five Business Days' written notice of any change in the location of the Collections Account and any related account identification information.
Appears in 4 contracts
Samples: Indenture (Sovereign Credit Finance Ii Inc), Indenture (Sovereign Credit Finance Ii Inc), Indenture (Sovereign Credit Finance I Inc)
Collections Account. (a) The Servicer shall maintain, in the Company's name, at a depository institution (which may be the Trustee), a lock box collection account (the "Collections Account"). The Collections Account shall be an Eligible Account. The Servicer shall give the Trustee and the Company at least five Business Days' written notice of any change in the location of the Collections Account and any related account identification information.
Appears in 1 contract
Samples: Tamarack Funding Corp
