Collection Account definition

Collection Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

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

Collection Account means the “collection account” or sub-account thereof, established under the Servicing Agreement for the purpose of servicing the Mortgage Loan.

Examples of Collection Account in a sentence

The Collection Account shall initially be established with the Indenture Trustee.
The parties hereto acknowledge and agree that on the Closing Date, proceeds from the sale of the Notes may be deposited into the Collection Account and distributed by the Indenture Trustee on the Closing Date to such Persons and in such amounts that are set forth in the closing flow of funds delivered to the Indenture Trustee by Exeter on March 31, 2026 in the document entitled “EART 2026-2 Flow of Funds Final External Signed.pdf”.
Any amounts received by the Collateral Custodian that are denominated in an Approved Foreign Currency that are required to be deposited into the Principal Collection Account or the Interest Collection Account shall be deposited by the Collateral Custodian into the applicable Principal Collection Account or Interest Collection Account, as applicable, for an Approved Foreign Currency.
In addition, for an Approved Foreign Currency, the Collateral Custodian shall, on or after the date hereof, establish segregated accounts that each constitute a Principal Collection Account and Interest Collection Account for an Approved Foreign Currency.
The Collateral Manager may withdraw from the Collection Account any deposits thereto constituting Excluded Amounts, provided that the Collateral Manager shall, concurrently with such withdrawal, deliver to the Administrative Agent and each Lender a report setting forth the calculation of such Excluded Amounts in form and substance reasonably satisfactory to the Administrative Agent.

More Definitions of Collection Account

Collection Account. As defined in Section 3.10(a).

Collection Account means the account or accounts established and maintained as such pursuant to Section 4.1(a) of the Sale and Servicing Agreement.

Collection Account means the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

Collection Account means the trust account established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Collection Account. A separate account established and maintained by the Master Servicer pursuant to Section 4.01.

Collection Account means each concentration account, depositary account, lock-box account or similar account in which any Collections are collected or deposited and which is listed on Exhibit IV.

Collection Account is defined in Section 8.02(a) of the Indenture.