Collection Account Declaration of Trust definition

Collection Account Declaration of Trust means each of the UK Collection Account Declaration of Trust, the Irish Collection Account Declaration of Trust, the Swiss Collection Account Declaration of Trust, the German Collection Account Declaration of Trust, the French Collection Account Declaration of Trust, and, together, the “Collection Account Declarations of Trust”.
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Collection Account Declaration of Trust means the declaration of trust dated 5 May 1998 (as supplemented and amended from time to time (including by a supplemental deed of declaration of trust dated on or about the date of this Agreement) and as may be further supplemented and amended from time to time) over the Collection Account given by PPF in favour of the Issuer;
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Collection Account Declaration of Trust means the declaration of sub-trust dated on or about the Closing Date in relation to the Collection Accounts pursuant to the Original Collection Account Declaration of Trust dated 30 April 2012 and any subsequent declaration of trust or sub-trust so named, each being made by WBBS;
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Examples of Collection Account Declaration of Trust in a sentence

  • Under each Collection Account Declaration of Trust, the relevant Collection Account Holder will declare that all direct debit payments made by borrowers under the Mortgages and all redemption moneys, cheque payments and moneys recovered on the sale of the relevant Properties following enforcement of any Mortgages and certain other sums in respect of the Mortgages which are credited to the relevant Collection Account are held on trust for the Issuer until they are applied in the manner described above.

  • KMC shall give notice in writing to the Bank of this Deed and the terms thereof prior to the creation of any R Trust Property (the creation of which shall occur upon the acquisition of the relevant Assets by the Beneficiary) which is to be held on trust for the Issuer in accordance with the R Collection Account Declaration of Trust as supplemented by this Deed.

  • See the section entitled "Summary of the Key Transaction Documents – Collection Account Declaration of Trust" for further information.

  • For the purposes of determining the New Beneficiary's portion of the BOI Collection Account Trust Property pursuant to clause [4.3] of the Collection Account Declaration of Trust (the New Beneficiary's Collection Portion) shall be [specify].

  • Any notice or communication under or in connection with this Deed or the Non-DD Collection Account Declaration of Trust shall be given in the manner and at the times set out in Clause 12 (Notices) of the Non-DD Collection Account Declaration of Trust to the addresses given in this Clause 4 or at such other address as the recipient may have notified to the other parties hereto and/or thereto in writing.

  • KPL hereby acknowledges that [●] (a company incorporated in England and Wales with limited liability with company number [●] whose registered office is at [●]) ("[●]") shall, pursuant to this Deed, be a Beneficiary under the KPL F Collection Account Declaration of Trust.

  • EXECUTION VERSION Collection Account Declaration of Trust Page 3 amounts promptly to the Beneficiaries in the proportions which each of the Mortgages Trustee’s Collection Portion and the Seller’s Collection Portion bear to the total Collection Account Trust Property at the time of receipt.

  • The Origination Agent hereby notifies the Account Bank that as at the date hereof it is transferring the beneficial interest in and all sums held in the Collection Account to the Issuer pursuant to the Collection Account Declaration of Trust, and the Issuer hereby notifies the Account Bank that it is charging its interest under the Collection Account Declaration of Trust to the Trustee pursuant to the Deed of Charge.

  • See the section entitled "Summary of the Key Transaction Documents- Collection Account Declaration of Trust" for further information.Swap Agreement.

  • The Servicer and each Ashland Sub-Servicer shall only add a Collection Account, or a Collection Account Bank to those listed on Schedule II to the Receivables Purchase Agreement, if the Administrative Agent has received notice of such addition and the relevant Collection Account Declaration of Trust and/or the relevant Collections Account Pledge Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank.


More Definitions of Collection Account Declaration of Trust

Collection Account Declaration of Trust means the declaration of trust over the Collection Account in favour of the Issuer made by the Seller as holder of the Collection Account as the same may be supplemented and amended from time to time (including by any supplemental deed of declaration of trust dated on or about the date of this Agreement) and as may be further supplemented and amended from time to time and/or any additional or replacement declaration of trust executed pursuant to sub-clauses 6.6.2 or 6.6.5 of this Agreement;
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Collection Account Declaration of Trust means the deed entered into on or about the Closing Date, between (inter alios) the Issuer, the Seller and the Collection Account Bank whereby the Seller declared a trust over the Collection Account (including all amounts standing to the credit of the Collection Account) in favour of the Issuer and itself;
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Collection Account Declaration of Trust means the deed entered into on or about the Closing Date, between (inter alios) the Mortgages Trustee, the Seller and the Collection Bank whereby the Seller declared a trust over the Collection Account (including all amounts standing to the credit of the Collection Account) in favour of the Mortgages Trustee and itself;
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Collection Account Declaration of Trust. ’ means the collection account declaration of trust to be dated on or about the Closing Date to be made by the Originator, as the same may be amended and/or supplemented.
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Related to Collection Account Declaration of Trust

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

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.