Governmental Health Receivable Collection Accounts Sample Clauses

Governmental Health Receivable Collection Accounts. Grantors shall cause all Governmental Health Receivable Proceeds to be deposited directly in the Governmental Health Receivable Collection Accounts, and shall not permit any funds other than Governmental Health Receivable Proceeds to be deposited in or transferred to the Governmental Receivable Collection Accounts. Grantors shall instruct the depositary institutions at which the Governmental Receivable Collection Accounts are maintained to transfer the funds in such accounts to a New Concentration Account no less frequently than daily. Grantors shall either transfer the Governmental Health Receivable Collection Account maintained by Total Renal Care at Seafirst Bank to Bank of America, N.A., and cause such account to be domiciled in California, or close such account. Grantors shall retain the power to revoke their instructions to the depositary institutions referred to in this clause regarding transfer of funds in the Governmental Health Receivable Collection Accounts; provided that Grantors shall give -------- notice to the Revolving Agent and Term Agent simultaneously with any such revocation, and any such revocation shall constitute an Event of Default under both the Revolving Credit Agreement and the Term Loan Agreement. Grantors may continue to maintain any Governmental Health Receivable Collection Account in existence on the Effective Date that is maintained with the Secured Party. Notwithstanding anything in this Agreement to the contrary, if Grantors maintain any Governmental Health Receivable Collection Accounts with the Secured Party, Grantors shall have sole dominion and control over such accounts; provided, that Grantors shall -------- instruct Secured Party to transfer the funds in any Governmental Receivable Collection Accounts maintained with Secured Party to transfer the funds in such accounts to a New Concentration Account no less frequently than daily (subject to Grantors' rights to revoke such instructions as set forth in this clause (iii)).
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Related to Governmental Health Receivable Collection Accounts

  • Income Collection, Transaction Processing, Account Administration 0.25 of a basis point per annum on the average net assets of the Fund.

  • Deposits to the Collection Account On behalf of the Trust Fund, the Master Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, and retain therein, the following payments and collections received or made by it subsequent to the Cut-off Date with respect to the Mortgage Loans, or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Master Servicer Collection Account (a) The Master Servicer shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Master Servicer Collection Account as a segregated trust account or accounts. The Master Servicer Collection Account shall be an Eligible Account. The Master Servicer will deposit in the Master Servicer Collection Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:

  • Income Collection Unless otherwise directed by Instruction, the Custodian shall collect any amount due and payable to the Fund with respect to Investments and promptly credit the amount collected to a Principal or Agency Account; provided, however, that the Custodian shall not be responsible for: (a) the collection of amounts due and payable with respect to Investments that are in default or (b) the collection of cash or share entitlements with respect to Investments that are not registered in the name of the Custodian or its Subcustodians. The Custodian is hereby authorized to endorse and deliver any instrument required to be so endorsed and delivered to effect collection of any amount due and payable to the Fund with respect to Investments.

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

  • Government Receivables Take all steps necessary to protect Agent’s interest in the Collateral under the Federal Assignment of Claims Act, the Uniform Commercial Code and all other applicable state or local statutes or ordinances and deliver to Agent appropriately endorsed, any instrument or chattel paper connected with any Receivable arising out of contracts between any Borrower and the United States, any state or any department, agency or instrumentality of any of them.

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services LLC, as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2005-5.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

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