Collection Account Letter definition

Collection Account Letter means a collection account letter in form and substance satisfactory to the Agent, which letter shall be executed with respect to a Collection Account by a Credit Party or a Special Purpose Distributor in order to effectuate the provisions of Section 8.3 hereof.
Sample 1
Collection Account Letter has the meaning specified in Section 4.02(b).
Sample 1
Collection Account Letter means a letter from the Seller (or its Associate) to the Company, the Agent and Westpac in its various capacities, in relation to the operation of the relevant Collection Account.
Sample 1

Examples of Collection Account Letter in a sentence

  • Form of Collection Account Letter Agreement.............................................O-2-1 EXHIBIT P-1.

  • Form of Collection Account Letter Agreement................O-2-1 EXHIBIT P-1.

  • Form of Collection Account Letter Agreement.................O-2-1 EXHIBIT P-1.

  • The Servicer hereby agrees, and the Trustee hereby acknowledges, that the execution and delivery of a Xxxxxxxxxx Collection Account Letter transfers all right, title and interest in all monies, securities and instruments in the applicable Xxxxxxxxxx Collection Account to the Trustee.

  • With respect to the Collection Account, the Indenture Trustee shall make such withdrawals and distributions (except as may be otherwise provided in the Collection Account Letter Agreement) as specified in SECTION 5.01(c)(2) of the Sale and Servicing Agreement in accordance with the terms thereof.

  • By signing this Collection Account Letter you acknowledge that, as of the date hereof, you have received no notice of any other pledge or assignment of the Collection Account.

  • No proposed Collection Account Bank may become a Collection Account Bank unless and until it has executed and delivered a Collection Account Letter to the Agent.

  • This affiliation can also give voice to the new NP to affect change and policy in regards to the state practice act.

  • Form of Collection Account Letter Agreement...............................................

  • In the event an Early Amortisation Event occurs and is subsisting with respect to the Seller or the Servicer, or such an event is likely to occur (in the sole opinion of the Agent), the Agent may forward any Collection Account Letter to the Collection Bank noted in the Collection Account Letter empowering the Agent to control payments from the Collection Account.


More Definitions of Collection Account Letter

Collection Account Letter has the meaning set forth in Section 3.3(b) of this Agreement.
Sample 1
Collection Account Letter shall have the meaning specified in Section 4.02(c).
Sample 1
Collection Account Letter as defined in subsection 5.5(b).
Sample 1
Collection Account Letter shall have the meaning specified in ------------------------- Section 5.05. ------------
Sample 1

Related to Collection Account Letter

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • 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.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Concentration Account has the meaning provided in Section 6.13(c).

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

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Wachovia Bank, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MLMI Series 2005-A1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Yield Supplement Account Deposit means the initial deposit of cash in the amount of $[_________] made by or on behalf of the Seller into the Yield Supplement Account on the Closing Date.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • 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.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Note Account As defined in the Indenture.