Collections Accounts definition

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.

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Collections Accounts means (i) one or more deposit accounts established after the Closing Date and maintained by the Loan Parties at SunTrust Bank and designated as a Collections Account by Borrower Agent and Administrative Agent 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. We do not place balances less than $50 with an outside agency; however, we will require that you pay these small balances at your next visit. Whenever a balance is sent to a debt collector we will place your account on a Cash Only Status. Contact methods: We may contact you, or anyone associated with your account, by telephone, text or email using the phone numbers or email addresses you provided. These calls may be initiated by CVMG or any of its affiliates, agents, contractors o r assigns, including but not limited to billing companies and/or third-party debt collectors, and that the methods of contact may include using pre-recorded/artificial voice messages and/or the use of an automated dialing device and/or the use of text

Examples of Collections Accounts in a sentence

The Master Servicer at all times shall maintain accurate records reflecting each transaction in the Collections Account and the Group Collections Accounts.
Pursuant to authority granted to it pursuant to Section 3.01(b), the Master Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Collections Account and the Group Collections Accounts for the purpose of carrying out the duties of the Master Servicer hereunder.
Any such application of funds shall be made (i) from Collections Accounts of the US Loan Parties first in respect of Obligations of the US Loan Parties under each Facility ratably in accordance with the then outstanding amounts thereof and second in respect of Obligations of the European Loan Parties and (ii) from Collections Accounts of the European Loan Parties and shall be made solely in respect of Obligations of the European Loan Parties.
Borrower shall promptly deposit or cause to be deposited all Operating Revenues into the Collections Accounts within two (2) Business Days of receipt.
Provided no Event of Default or other Cash Sweep Trigger (as defined below) exists, Borrower may, from time to time, transfer funds in the Collections Account for the payment of Operating Expenses at the applicable Project and use such Collections Accounts as operating accounts.

More Definitions of Collections Accounts

Collections Accounts have the meanings set forth in Section 2.6.

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 Dollars Collections Account and the Peso Collections Account.

Collections Accounts have the meanings set forth in SECTION 2.6.

Collections Accounts means, the Seller Collections Account and the Issuer Collections Account;

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 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.