Collection Foundation definition

Collection Foundation means in respect of (i) Quion 30 B.V. and Hypinvest Hypotheken B.V., Stichting Hypotheek Ontvangsten, (ii) NIBC Direct Hypotheken B.V. and Hypinvest B.V., Stichting Ontvangsten Hypotheekgelden and (iii) Lot Hypotheken B.V., Stichting Ontvangsten Hypotheekgelden Lot;
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Collection Foundation means Stichting Ontvangsten Hiltermann Lease, a foundation (stichting) established under Dutch law, having its seat (zetel) in the municipality of Amsterdam, the Netherlands and its registered office at Basisweg 10, 1043 AP Amsterdam, the Netherlands and registered in the Trade Register under number 81860447, in its capacity as collection foundation.
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Collection Foundation has the meaning specified in Section 2.1(b).
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Examples of Collection Foundation in a sentence

  • Each Previous Transaction Security Trustee and the Security Trustee will have a certain pari passu ranking undivided interest, or "share" (aandeel) in the co-owned pledge, entitling it to part of the foreclosure proceeds of the pledge over the Collection Foundation Accounts.

  • As a consequence, the Collection Foundation has a claim against the relevant Foundation Account Provider, in respect of the balances standing to the credit of the Collection Foundation Accounts.

  • The Collection Foundation Accounts are currently held with de Volksbank and Rabobank.

  • In addition, de Volksbank in its capacity as administrator for the Collection Foundation has undertaken in the Receivables Proceeds Distribution Agreement to disregard any instructions or orders from the Originator to cause the transfer of amounts received in respect of the Mortgage Receivables to be made to another account than the relevant Collection Foundation Accounts without prior written approval of the CBC and the Security Trustee.

  • Upon receipt thereof and after the Originator being obliged to pay the proceeds of the Mortgage Receivables to the CBC, the Collection Foundation will distribute to the CBC or, after the Enforcement Date, to the Security Trustee any and all amounts relating to the Mortgage Receivables received by it on the Collection Foundation Accounts, in accordance with the relevant provisions of the Receivables Proceeds Distribution Agreement.

  • The share of the Security Trustee will be determined based on the amounts in the Collection Foundation Accounts relating to the Mortgage Receivables owned by the CBC.

  • In case of foreclosure of the co-owned right of pledge on the Collection Foundation Accounts (i.e. if the Collection Foundation defaults in forwarding or transferring the amounts received by it, as agreed), the proceeds will be divided according to each Previous Transaction Security Trustee's and the Security Trustee's share.

  • Regardless of the above, the Originator is obliged to pay to the CBC any amounts received in respect of the Mortgage Receivables which were not paid to the Collection Foundation Accounts but to the Originator directly upon receipt thereof and after the Originator being obliged to pay the proceeds of the Mortgage Receivables to the CBC.

  • Public-private-community relations: The collaboration of the private (profit) sector and local communities in activities of general interest promoted by the local public administration.A strategic theme for the Reggio Emilia Municipality concerns the modes of relations with the private sector (for profit) to maximize synergies and spin-offs in the city's neighborhoods for purposes of collective interest.

  • The same applies to the pledge for the CBC and the Previous Transaction SPVs. If the amounts collected pursuant to the pledge on the Collection Foundation Accounts are not distributed as agreed, the Security Trustee and the CBC may have less amounts available for distribution to the Secured Parties (including the Covered Bondholders), which may result in losses under the Covered Bonds.


More Definitions of Collection Foundation

Collection Foundation means Stichting Tulpenhuis Ontvangsten, established under Dutch law as a foundation (stichting), having its official seat (statutaire zetel) in Amsterdam, the Netherlands and registered with the Trade Register under number 64383628.
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Related to Collection Foundation

  • Collection site means the location of waste containers on collection day.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Collection Services means all of the duties and obligations of the Contractor hereunder.

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Supplemental Servicing Fees means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by applicable law with respect to any Receivable.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Custodial Services means the safekeeping and management of an

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

  • Claims Allocation and Handling Agreement means the agreement of that name approved by XXX;

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Subordinate joint force commander means a sub-unified commander or joint task force commander.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • Supplemental Servicing Fee means, with respect to any Collection Period, all administrative fees, expenses and charges paid by or on behalf of Obligors, including late fees, prepayment fees and liquidation fees collected on the Receivables during such Collection Period but excluding any fees or expenses related to extensions.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Cannabis production establishment agent registration card means a registration card that the department issues that:

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Emergency medical services provider means a person who has received formal training in prehospital and emergency care, and is licensed to attend any person who is ill or injured or who has a disability. Police officers, firefighters, funeral home employees and other persons serving in a dual capacity one of which meets the definition of “emergency medical services provider” are “emergency medical services providers” within the meaning of this chapter.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Multiphase professional services contract means a contract for the providing of professional

  • Non-Participating Durable Medical Equipment Provider means a Durable Medical Equipment Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Participating Durable Medical Equipment Provider means a Durable Medical Equipment Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.