Examples of Collection in a sentence
Collection of the fees by TIPS is required under Texas Government Code §791.011 Et seq.
The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.
The Seller will direct any agent, administrative agent or obligor for any Loan Asset included in the Transferred Assets to remit all payments and collections with respect to such Loan Asset directly to the relevant Collection Account.
Following the deposit of the Reassignment Amount in the Collection Account, Series 2024-3 Certificateholders will not have any interest in the Receivables and the Series 2024-3 Certificates will represent only the right to receive such Reassignment Amount.
The Seller acknowledges that all collections received by it or its Affiliates with respect to the Transferred Assets (other than Excluded Amounts) (the “Proceeds”) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the Purchaser and its assignees until deposited into the Interest Collection Subaccount or the Principal Collection Subaccount.