Canadian Collections definition

Canadian Collections means, with respect to each Weekly Collection Period, all amounts received by or for the account of the Canadian Securitization Entities in each case during such Weekly Collection Period, including (without duplication):

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Canadian Collections means, with respect to each Weekly Collection Period, all amounts received by or for the account of the Canadian Securitization Entities in each case during such Weekly Collection Period, including (without duplication): (i) all Franchisee Payments, Distribution Payments, rebates, payments and fees received from insurance companies in respect of franchisee referrals, purchasing rebates, vendor listing fees and claims management services, in each case deposited into the Canadian Concentration Account during such Weekly Collection Period; (ii) sublease revenue received in respect of locations that were formerly Securitization- Owned Locations; (iii) cash revenues, credit card proceeds and debit card proceeds generated by any Product Sourcing Business, any Claims Management Business, Take 5 Company Locations and other Securitization-Owned Locations and any proceeds of the initial sale of gift cards generated by Take 5 Company Locations and other Securitization-Owned Locations; (iv) without duplication of clause (i) above, all amounts received in respect of the Securitization IP, including (x) amounts received under the IP License Agreements and other license fees (including synthetic company-owned royalties from Canadian Securitization Entities and Securitization- Owned Locations and synthetic royalties from other company-owned locations, including certain Take 5 Company Locations, that are not Securitization- Owned Locations) and (y) recoveries from the enforcement of the Securitization IP; (v) all Indemnification Amounts, Release Prices, Insurance/Condemnation Proceeds, Asset Disposition Proceeds and (without duplication) all other amounts received upon the disposition of the Collateral, including proceeds received upon the disposition of property expressly excluded from the definition of “Asset Disposition Proceeds”, in each case that are required to be deposited into the applicable Concentration Account or the applicable Collection Account; (vi) any Investment Income earned on amounts on deposit in the Accounts; (vii) any equity contributions made to the Canadian Co-Issuer (directly or indirectly) (provided that the applicable Non-Securitization Entity may elect to have any such contributions applied directly to the Trustee in connection with any optional prepayment of the Notes); (viii) to the extent not otherwise included above, all Excluded Amounts; (ix) Optional Prepayment Accrued Principal Release Amounts; and (x) any other payments or proceeds recei...

Canadian Collections shall have the meaning ascribed to it in Section 3.01.

Examples of Canadian Collections in a sentence

• By 12:00 p.m. (New York City time) on the fourth (4th) Business Day following the last day of a Weekly Collection Period for a Currency Conversion Weekly Allocation Date, the Managers will provide to the Trustee and the Servicer a statement substantially in the form of Exhibit B directing the FX Agent to settle a Currency Conversion that will result in a specified amount of U.S. Collections or Canadian Collections (each, a “FX Exchange Report”) on such Weekly Allocation Date.

• In the event that any funds not constituting Canadian Collections are incorrectly deposited in any Account in Canada, the Manager shall promptly withdraw such amounts after obtaining Actual Knowledge thereof and shall pay such amounts to the Person legally entitled to such funds.

• The Canadian Servicer shall cause all funds that constitute Canadian Collections to be remitted to the Canadian Collection Account within five (5) Business Days of the receipt of such funds, provided that the Canadian Servicer may withhold any Tax and Insurance Charges pending payment of such amounts to the appropriate third-party in accordance with Section 2.12.

• The Investment Income (net of losses and expenses) available on deposit in such Management Accounts will be withdrawn on, as applicable, each Currency Conversion Opt-Out Weekly Allocation Date or Weekly Calculation Date immediately preceding a Currency Conversion Weekly Allocation Date, in each case, for deposit to the applicable Canadian Collection Account for application as Canadian Collections on such Weekly Allocation Date.

• The Canadian Servicer shall cause all funds that constitute Canadian Collections to be remitted to the Canadian Collection Account within five (5) Business Days of the receipt of such funds, provided that the Canadian Servicer may withhold any Tax and Insurance Charges pending payment of such amounts to the appropriate third-party in accordance with Section 2.12 of the Second Tier Agreement.

• At the election of the Managers pursuant to the Weekly Manager’s Certificate for such Weekly Collection Period, the first Weekly Collection Period following the Series 2020-1 Closing Date with respect to any Canadian Collections will end at 11:59 p.m. (New York City time) on the Saturday of the second full weekly fiscal period following the Series 2020-1 Closing Date.

• The Canadian Servicer (or any Sub-Servicer on its behalf) shall instruct all applicable Obligors to cause all Canadian Collections to be sent to an account of the Canadian Servicer and will cause such Canadian Collections to be swept into the Canadian Collection Account within five (5) Business Days of receipt.

• Notwithstanding anything to the contrary contained in this Section 2.7, until the sooner to occur of May 6, 2000 or the ----------- establishment of a satisfactory Lockbox Agreement with respect to the Collections in Canada (the "Canadian Collections"), such Canadian Collections need not be deposited into a Lockbox by the Account Debtor or by any Borrower, but may be handled consistently with the Borrowers' current business practices.

• Funds held in the Canadian Capital Expenditures Reserve Sub-Account will be denominated in CAD, and thus any Canadian Collections in USD that are to be deposited therein on any Application Date will be converted to CAD four Business Days prior to the date of such deposit using the Spot Rate in effect on the Business Day immediately preceding such date of conversion.

More Definitions of Canadian Collections

Canadian Collections has the meaning set forth in Section 2.7. -------------------- -----------

Canadian Collections means, Collections received with respect to any Canadian Pool Receivable.