Collection Account Security Agreement definition

Collection Account Security Agreement means the Collection Account pledge agreement governed by the laws of The Netherlands dated the Restatement Date between the Guarantor as pledgor and the Trustee as pledgee, pursuant to which the Guarantor grants a security interest over, inter alia, all amounts standing to the credit of the Collection Account in favour of the Trustee to secure each of the Obligor’s obligations under the Finance Documents.
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Collection Account Security Agreement means any of the security agreement entered into between each Collection Account holder, the FCC and, as the case may be, the relevant Collection Account Bank pursuant to which the rights and interest of the FCC in the Collections standing at any time to the credit of each Collection Account shall be secured for the benefit of the FCC, in accordance with the provisions of the Master Receivables Transfer and Servicing Agreement;
Sample 1
Collection Account Security Agreement means the Collection Account assignment agreement governed by the laws of England dated the Restatement Date between the Guarantor as assignor and the Trustee as assignee, pursuant to which the Guarantor grants a security interest over, inter alia, all amounts standing to the credit of the Collection Account in favour of the Trustee to secure each of the Obligor’s obligations under the Finance Documents.
Sample 1

Examples of Collection Account Security Agreement in a sentence

  • Each Servicer shall operate each of the Collection Accounts in accordance with this Agreement, subject to the provisions of the relevant Collection Account Bank Agreement, Collection Account Security Agreement and applicable law.

  • Upon the occurrence of a Servicer Trigger Event and by no later than 9.00 a.m. on each calendar day, all amounts, in Euro or in Sterling, standing to the credit of each Collection Account at close of business on the preceding day, shall be automatically transferred to the FCC Collection Account in accordance with the provisions of the relevant Collection Account Security Agreement.

  • Each Servicer participating in the Securitisation Programme as a Seller shall have executed and perfected, pursuant to applicable French or English law, with the FCC and, as the case may be, the relevant Collection Account Bank a Collection Account Security Agreement in respect of its Collection Account, pursuant to which the rights and interest of the FCC in the amounts standing at any time to the credit of each Collection Account shall be secured for the benefit of the FCC.

  • Furthermore, each of the Servicers and the Administrative Agents undertakes to the Management Company and the Custodian that it will not give any instruction to transfer funds from any of the Collection Accounts unless such instruction is given in accordance with its duties under, and subject to the terms of, this Agreement, the Collection Account Bank Agreement and the Collection Account Security Agreement.

  • Any relevant Collection Account Security Agreement supersedes and/or supplements the relevant Collection Account Bank Agreement entered into on or before the FCC Establishment Date.

  • Each Servicer undertakes, where necessary, to establish an additional Collection Account in respect of any new Seller and to enter into a Collection Account Bank Agreement and a Collection Account Security Agreement with each bank with whom such additional Collection Account is maintained, in each case, on substantially similar terms as any agreements entered into under Clauses 12.1 and 12.2 and with the prior approval of the Management Company, such approval not to be unreasonably withheld.


More Definitions of Collection Account Security Agreement

Collection Account Security Agreement means that certain Security Agreement between the Russian Sales Agent, the Borrower and the Offshore Security Trustee substantially in the Agreed Form.
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Collection Account Security Agreement shall have the meaning provided in Section 4A.15.
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Related to Collection Account Security Agreement

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

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

  • 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.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

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

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

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

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

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

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

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

  • Deposit Account Control Agreement means each deposit account control agreement among a Borrower, the Administrative Agent and the Account Bank, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

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

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.