Collections Accounts means any Deposit Account of a Loan Party used to receive proceeds of Accounts from Customers, in each case other than an Excluded Account.
Collections Accounts means (i) the deposit accounts established before the Closing Date and maintained by the Loan Parties at SunTrust Bank and designated as a Collections Account on Schedule 4.16 and (ii) such other deposit account as may be further designated by the Borrower Agent as a Collections Account and approved by the Administrative Agent in writing.
Collections Accounts means the Dollars Collections Account and the Peso Collections Account.
Examples of Collections Accounts in a sentence
Each Obligor confirms that it has no rights in the Collections Accounts, except for any amounts properly and actually remitted to it by the Trustee, pursuant to and in accordance with this Agreement and the Trust Agreement.
More Definitions of Collections Accounts
Collections Accounts have the meanings set forth in SECTION 2.6.
Collections Accounts have the meanings set forth in Section 2.6.
Collections Accounts means that certain accounts numbered #7460952679 and #7460952828 maintained at Bank or such other account as Bank may designate as the Collections Account (which accounts may be subject springing deposit account control agreements at the Bank’s option). “Consolidated Entity” means at any date any Subsidiary, and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. ‘Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Default Rate” means a rate of interest which is 200 basis points higher than the rate of interest otherwise provided under this Agreement.
Collections Accounts means the Series 2 Bank Accounts into which Series 2 Participating Asset Payments received in respect of the Series 2 Participating Assets are deposited to the extent to which such Series 2 Participating Asset Payments are not deposited directly into the Transaction Bank Account;
Collections Accounts means those certain accounts numbered #7460952679 and #7460952828 maintained at Bank or such other accounts as Bank may designate as a Collections Account.”
Collections Accounts means, the Seller Collections Account and the Issuer Collections Account;