Examples of Canadian Collection Account in a sentence

The Canadian Collection Account and the U.S. Collection Account may contain any number of subaccounts for the convenience of the Administrative Agent or for convenience in administering the Canadian Collection Account, the U.S. Collection Account or other Collateral.
All monies deposited from time to time in the Canadian Collection Account shall be held by the Canadian Collection Account Bank as part of the Collateral and released to the Borrower only in accordance with Section 9.
The correct name and address of the Canadian Collection Account Bank and the U.S. Collection Account Bank, together with the account number of the Canadian Collection Account and the U.S. Collection Account are listed on Schedule 4 hereto.
Upon the occurrence and during the continuation of any Canadian Cash Transfer Event, the Borrower shall cause all amounts on deposit in the Canadian Collection Account to be transferred to the U.S. Collection Account on each Business Day during such Canadian Cash Transfer Event.
The Borrower shall not at any time invest, or permit any investment of, the funds deposited in the Canadian Collection Account or the U.S. Collection Account.

More Definitions of Canadian Collection Account

Canadian Collection Account means the account established at the Canadian Collection Account Bank in the name of the Borrower, which account has been designated as the Canadian Collection Account and which shall at all times be the subject of a Canadian Collection Account Control Agreement.

Canadian Collection Account shall have the meaning provided in Section 8.15(c)(iii).

Canadian Collection Account means each account identified as a “Canadian Account” on Schedule II to this Agreement (as such schedule may be modified from time to time in connection with the closing or opening of any Lock-Box Account in accordance with the terms hereof) (in each case, in the name of the Canadian Guarantor) and maintained at a bank or other financial institution that is, except as contemplated by Section 13.20, acting as a Lock-Box Bank pursuant to a Lock-Box Agreement for the purpose of receiving Collections.

Canadian Collection Account means collectively, account number 00000000 entitled “Canadian Co-Issuer Canadian Collection Account for Canadian Collections” for the holding of Canadian Collections (including any Canadian Allocation and Shortfall Payment Amount that will not be settled in U.S. Dollars) and an account to be established entitled “Canadian Co-Issuer Collection Account for the U.S. Shortfall Payment Amount” for the holding of any U.S. Shortfall Payment Amount, each maintained by the Trustee pursuant to Section 5.5 of the Base Indenture or any successor securities account maintained pursuant to Section 5.5 of the Base Indenture.

Canadian Collection Account has the meaning assigned to the term “Cash Management Account” in the Foreign Collateral Documents.

Canadian Collection Account means the account at JPMorgan Chase Bank, N.A., Toronto Branch, so designated by the Administrative Agent, in a written notice delivered to the Borrower Representative, to be the “Canadian Collection Account”, to which funds on deposit in Deposit Accounts (other than Excluded Accounts) maintained by the Canadian Loan Parties with the Canadian Cash Management Bank and all collections and other payments received in respect of the Accounts of the Canadian Loan Parties by the Canadian Cash Management Bank shall be remitted at all times during a Cash Dominion Period.

Canadian Collection Account means that certain Canadian Dollar account of Canadian Agent, account number 1000000 or US Dollar account of Canadian Agent, account number 4000000, with the account name GECCI_COMM_FIN at Royal Bank of Canada in Torxxxx, Xxxxxxx, xransit number 00000, or such other account as may be specified in writing by Agent as the “Canadian Collection Account.