Collection Account definition

Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.
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Collection Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.
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Collection Account means the “collection account” or sub-account thereof, established under the Servicing Agreement for the purpose of servicing the Mortgage Loan.
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Examples of Collection Account in a sentence

  • On the Closing Date and any other Addition Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding the Closing Date or such other Addition Date, in respect of the Loans.

  • The Issuing Entity will not, directly or indirectly, make payments to or distributions from the Collection Account except in accordance with this Indenture and the other Basic Documents.

  • All income or other gain from investments of monies deposited in the Trust Accounts shall be deposited by the Indenture Trustee in the Collection Account.

  • All proceeds of any Permitted Investment shall be deposited in the Collection Account, the Principal Collection Account or the Reserve Account, as applicable.

  • The initial Servicer will be required to pay all reasonable fees and expenses owing to any bank or trust company in connection with the maintenance of the Collection Account, the Principal Collection Account, the Reserve Account and the Credit Acceptance Payment Account.


More Definitions of Collection Account

Collection Account. As defined in Section 3.10(a).
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Collection Account means the trust account established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.
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Collection Account means the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.
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Collection Account means the account designated as such, and established and maintained pursuant to Section 4.01 of the Sale and Servicing Agreement.
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Collection Account. A separate account established and maintained by the Master Servicer pursuant to Section 4.01.
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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.
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Collection Account shall have the meaning specified in Section 4.02.
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