Current Income Collections definition

Current Income Collections means all collections, cash Proceeds and all other amounts received in respect of any Loan Asset or Portfolio Asset and all other proceeds or other funds of any kind or nature received by the Borrower or the Account Bank with respect to any Underlying Collateral, in each case excluding Principal Collections.
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Current Income Collections means all collections, cash Proceeds and all other amounts received in respect of any Loan Asset or Portfolio Asset and all other proceeds or other funds of any kind or nature received by the Borrower or the Account Bank with respect to any Underlying Collateral, in each case excluding Principal Collections. "Custody Account" means an account established with the Account Bank pursuant to the applicable Account Control Agreement specified on Schedule V hereto in the name of the Borrower and into which securities and other assets of the Borrower shall be credited, and under the "control" (within the meaning of Section 9‐104 or Section 9‐106 of the UCC, as applicable) of the Administrative Agent for the benefit of the Secured Parties. "Cut‐Off Date" means, with respect to a Loan Asset, the date (which may be the Closing Date) such Loan Asset is Transferred to the Borrower.
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Examples of Current Income Collections in a sentence

  • Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.

  • Upon receipt of Collections in each applicable Collection Account, the Portfolio Asset Servicer shall promptly identify any Collections received as being on account of Principal Collections, Current Income Collections or Excluded Amounts.

  • Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Accounts pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.

  • Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Account pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in NAI-15121569431515895953v1213 -46- connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.

  • Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection AccountAccounts pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.

Related to Current Income Collections

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the preceding Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable for the Collection Period during which the related Purchase Amount was deposited by the Seller into the Collection Account; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.

  • Trust Income has the meaning set forth in the Trust Agreement.

  • Interest Income means interest earned on the Funding;

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Exempt income means all of the following:

  • Principal Collections means Collections of Principal Receivables.

  • Debt collection means the collection of unpaid tolls and applicable administrative fees by (i) 652 retention of a third-party debt collector or (ii) collection practices undertaken by employees of a toll 653 facility operator that are materially similar to a third-party debt collector.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.