Collateral Account Amount definition

Collateral Account Amount means the amount required to be held in the Collateral Account being the amount specified by Modulr and notified to Introduced Client from time to time.
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Collateral Account Amount has the meaning set out in Clause 2.5 (Opening of Collateral Accounts).
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Collateral Account Amount means any amounts deposited in the Collateral Account, including, (i) any amounts deposited into the Collateral Account pursuant to clauses (b) of Section 2.2.1 and clauses (a), (c), (e), (f), (g) and (h) of Section 3.1.1, (ii) any accrued interest on such amounts (less any Taxes payable thereon), and (iii) any other amount set aside, accreted in interest or deposited in the Collateral Account.
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Examples of Collateral Account Amount in a sentence

  • These hours will not include the time the driver spends “training” or “practicing” for the driving performance evaluation.

  • The Collateral Account Bank shall not be under any duty to give the Collateral Account Amount any greater degree of care than it gives to amounts held for its general banking customers and shall have no obligation whatsoever to procure or monitor compliance by any other Party to this Agreement with their respective obligations hereunder or otherwise.

  • All amounts for the time being deposited and held in the Collateral Accounts, including all interest accrued thereon and applied to the Collateral Accounts from time to time, shall together form the Collateral Account Amount.

Related to Collateral Account Amount

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.10(e) of the Sale and Servicing Agreement.]

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

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

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Concentration Account has the meaning provided in Section 6.13(c).