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

Collections Account means any Deposit Account maintained by Borrower at Bank to which collections, deposits and other payments on or with respect to Collateral may be made pursuant to the terms hereof, to which only Bank shall have access to withdraw or otherwise direct the disposition of funds on deposit therein.

Collections Account shall have the meaning specified in Section 4.02(a).

Examples of Collections Account in a sentence

The Corporation shall not, directly or indirectly, make distributions from the Collections Account except in accordance with this Indenture.
The funds remaining therein, if any, shall then be transferred to the Collections Account and applied as described in Section 5.02(c) of this Indenture.
For the avoidance of doubt, any proceeds received by any of the Issuer Parties or the Manager for the benefit of any of the Issuer Parties with respect to any claim under such insurance policy shall be deemed to be Collections with respect to the Collection Period in which such proceeds are received and promptly, but in any event within two (2) Business Days, deposited into the Collections Account.

More Definitions of Collections Account

Collections Account means the account established and maintained pursuant to clause 22.1 or any new account established as the Collections Account under clause 22.3.

Collections Account shall have the meaning given to it in the Depository Agreement.

Collections Account means the lockbox account created and maintained by the Servicer in the Company's name and designated as such pursuant to Section 12.2.

Collections Account means the controlled disbursement account maintained at Bank to which collections, deposits and other payments on or with respect to Collateral are made pursuant to the terms hereof, to which only Bank shall have access.

Collections Account shall have the meaning given such term in Section 6.15(a).

Collections Account is defined in Section 6.9.