Canadian Collection Account Bank definition

Canadian Collection Account Bank means any bank or other financial institution set forth on Schedule 5 (Facility Accounts and Account Banks) under the heading “Canadian Collection Account Banks”, as such Schedule may be amended from time to time in accordance herewith.
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Canadian Collection Account Bank means (a) Bank of Montreal or (b) another Qualified Institution reasonably acceptable to the Administrative Agent.
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Canadian Collection Account Bank means any Lock-Box Bank holding one or more Canadian Collection Accounts.
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Examples of Canadian Collection Account Bank in a sentence

  • 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.

  • The Canadian Collection Account shall be established and maintained under a Canadian Collection Account Control Agreement with the Canadian Collection Account Bank.


More Definitions of Canadian Collection Account Bank

Canadian Collection Account Bank shall have the meaning ascribed to it in Section 3.01.
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Related to Canadian Collection Account Bank

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.