Collections Account definition

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

Examples of Collections Account in a sentence

• Additions to Spread Account (1) Deposits from Collections Account (VI.

• The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be.

• On or before each Distribution Date, the Class Additional Funds for each Class of the Series established hereby shall also have been deposited into the Series Collections Account pursuant to Section 4.03(e) of the Pooling and Servicing Agreement.

• On or before each Distribution Date, the Master Servicer shall direct the Trustee in writing to withdraw from the Group Collections Account and deposit into the Series Collections Account an amount equal to the sum of the Series Finance Charge Collections and the Series Principal Collections for the related Due Period.

• The Trust shall possess all right, title and interest in all funds on deposit in the Series Distribution Account, the Series Collections Account and the Series Principal Collections Account; provided, however, that all interest and earnings (less investment expenses) on funds on deposit in any such account shall be paid to the Holder of the Seller Certificate in accordance with Section 4.02(c) of the Pooling and Servicing Agreement.

More Definitions of Collections Account

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

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 account of the Borrower established with the Account Bank, which is subject to the Collections Account Control 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 set forth in Section 5.18(a).]