Collection Bank definition

Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

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

Collection Bank means, at any time, any bank at which a Collection Account or Lock-Box is maintained.

Examples of Collection Bank in a sentence

• Such Seller Party will cause (1) all proceeds from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection Account and (2) each Lock-Box and Collection Account to be subject at all times to a Collection Account Agreement that is in full force and effect.

• The names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts of Seller at each Collection Bank and the post office box number of each Lock-Box, are listed on Exhibit IV.

• The names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts of Originator at each Collection Bank and the post office box number of each Lock-Box, are listed on Exhibit III.

• The names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts of such Originator at each Collection Bank and the post office box number of each Lock-Box, are listed on Exhibit III.

• In the event any payments relating to Receivables are remitted directly to Seller or any Affiliate of Seller, Seller will remit (or will cause all such payments to be remitted) directly to a Collection Bank and deposited into a Collection Account within two (2) Business Days following receipt thereof, and, at all times prior to such remittance, Seller will itself hold or, if applicable, will cause such payments to be held in trust for the exclusive benefit of the Agent and the Purchasers.

More Definitions of Collection Bank

Collection Bank means any of Barclays, acting through its branch at Percy Street, Newcastle upon Tyne NE99 1JP and Lloyds TSB acting through its branch at City Office, Bailey Drive, Gillingham Business Park, Kent ME8 0LS and/or such other banks as may be appointed from time to time under and in accordance with the Transaction Documents;

Collection Bank as defined in Section 4.16(c).

Collection Bank has the meaning provided in the Receivables Sale Agreement.

Collection Bank means any of Barclays, acting through its branch at Percy Street, Newcastle upon Tyne NE99 1JP and Lloyds TSB acting xxxxxxx xxx xxxxxx xx Xxxx Xxxxxx, Xxxxxx Drive, Gillingham Business Park, Kent ME8 0LS and/or such xxxxx xxxxx xx xxx xx xxxxxxxxx xxxx xxxx xx xxxx xnder and in accordance with the Transaction Documents;

Collection Bank means, at any time, any of the banks holding one or more Blocked Accounts.

Collection Bank shall have the meaning provided in Section 5.03(b).

Collection Bank means each of the banks listed in Schedule C hereto, as amended from time to time in accordance with Section 4.07(c), at which one or more Lock-boxes and/or Suspense Accounts and/or Collection Accounts are maintained.