Collection Account Bank definition

Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

Collection Account Bank means the bank holding the Collection Account.

Collection Account Bank means any bank or other financial institution at which one or more Collection Accounts are maintained.

Examples of Collection Account Bank in a sentence

• The Administrative Agent hereby agrees that until such time as it exercises its right to take exclusive dominion and control of any Concentration Account or any Collection Account under Section 7.05(d), the applicable Concentration Account Bank or Collection Account Bank shall be entitled to follow the instructions of the Borrower, or the Administrative Agent on behalf of the Borrower, with respect to the withdrawal, transfer or payment of funds on deposit in such Account.

• Certain Originators have established with a Collection Account Bank one or more Originator Collection Accounts, each subject to a fully executed Collection Account Agreement.

• The Originator Collection Accounts are subject to a fully executed agreement pursuant to which the relevant Collection Account Bank has agreed to comply with all instructions originated by the Administrative Agent directing the disposition of funds in the Originator Collection Accounts without further consent by Buyer, the Servicer or any Originator.

• The Originator Collection Accounts are subject to a fully executed Account Agreement pursuant to which the applicable Collection Account Bank has agreed, following the occurrence and continuation of a Termination Event, to comply with all instructions given by the Administrative Agent with respect to all funds on deposit in the Originator Collection Accounts, without further consent by Buyer, the Servicer or any Originator.

More Definitions of Collection Account Bank

Collection Account Bank means the Eligible Institution selected by Lender to maintain the Collection Account.

Collection Account Bank. As defined in Section 3.02(d) hereof.

Collection Account Bank means any bank holding a Collection Account which will be an Eligible Institution appointed by the Company.

Collection Account Bank means, with respect to the Facility, the applicable collection bank for the Facility and any successor bank hereafter selected by Borrower and reasonably approved by Lender.

Collection Account Bank means, with respect to each Non-Marriott Property, the collection bank for such Individual Property and any successor bank hereafter selected by each applicable Borrower which owns such Individual Property and approved by Lender in accordance with each Collection Account Agreement.

Collection Account Bank means U.S. Bank National Association, in its capacity as bank with respect to the Collection Account Control Agreement.

Collection Account Bank as defined in the Security Agreement.