Collections Account Bank definition

Collections Account Bank means Skandinaviska Enskilda Banken AB (publ) or, with respect to the Issuer Collections Account, any successor account bank as may be appointed in accordance with the Issuer Collections Account Agreement, and with respect to any Seller Collections Account, any successor collections account bank as may be appointed by the Servicer;
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Examples of Collections Account Bank in a sentence

  • Inter-Agency Standing Committee (IASC), with funding from MFA, has developed a guideline with principles and methods on how to apply a gender perspective within all sectors and phases of humanitarian work; from camp management, food distribution, health, education, water and sanitation, to protection and response to sexual violence.

  • Collections Prior to the relevant Purchase Date, the Debtors make payments on HP Contracts into one or more bank accounts in the name of the Seller at the Collections Account Bank (the "Seller Collections Accounts").

  • Sawyer (1995) stated that competence, integrity and loyalty are important qualities that must be exercised by IAors to gain respect by peers and supervisors.

  • If a Collections Account Bank fails to comply with such directions, the Servicer shall ensure compliance by the relevant Collections Account Bank with its obligations under the Servicing Agreement and the Collections Account Mandate (to the extent applicable).

  • The Servicing Agreement will further provide that, on the occurrence of (i) a Servicer's Event Downgrade 2 or(ii) a Servicer Termination Event (each a "Notification Event"), the Issuer (or the Servicer or another person on its behalf) will direct the Debtors to make payments on Purchased Auto Loans to a specified account of the Issuer (the "Issuer Collections Account"; together with the Seller Collections Accounts, the "Collections Accounts") at the Collections Account Bank.

  • Collections Prior to the Purchase Date, the Debtors make payments on HP Contracts into one or more bank accounts in the name of the Seller at the Collections Account Bank (the "Seller Collections Accounts").

  • If, notwithstanding the notices to Debtors, any Collections are received and credited to any Seller Collections Account following the Purchase Date, the Servicer will instruct the Collections Account Bank to transfer such Collections to the Issuer Collections Account within one Helsinki BankingDay after receipt (or, in the case of exceptional circumstances causing an operational delay in the transfer, within three (3) Helsinki Banking Days after receipt).

  • The Servicing Agreement will further provide that, on the occurrence of a Notification Event, the Issuer (or another person on its behalf) will, or will require the Servicer to, direct the Debtors to make payments on Purchased Auto Loans to the Issuer Collections Accounts at the Collections Account Bank.

  • Payments in respect of each Class of Notes are subject to credit risk in respect of the Paying Agents, the Calculation Agent, the Cash Manager, the Swap Counterparty, the Collections Account Bank, the Account Bank, the Servicer (or any replacement servicer as the case may be) and the Seller and, in the event of the insolvency of any of them, the Issuer will be treated as a general unsecured creditor of the insolvent counterparty.

  • Government Education and Training International bank details:Account Name: Department of Education Collections Account Bank: Westpac Banking Corp.

Related to Collections Account Bank

  • Account Bank means any of them.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.