Collection Rights definition
Examples of Collection Rights in a sentence
For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Trustee’s fees under the terms established herein.
In this case, the Trustee, at the Trustor’s expense, will cause the title to the Collection Rights to revert to the Trustor.
For said purposes, the Trustee shall separate out, from the funds obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to make said payments.
For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Outside Auditor’s fees.
The contribution of the Collection Rights to the Trust is made on the understanding that the Trustor has reserved the right to reacquire the Collection Rights upon the termination of the present Trust, provided that the principal, interest, and other incidentals that apply in accordance with the Credit Agreement have been liquidated in full.