Customer Collections Account Administration Agreement definition

Customer Collections Account Administration Agreement means the Customer Collections Account Administration Agreement, dated as of November 12, 2003, among, inter alios, the Trinity Industries Leasing Company, Trinity Rail Leasing III, L.P., TRIP Rail Leasing LLC, the TRL-III Transaction Investors identified on the signature pages thereto, Credit Suisse AG, New York Branch, Wilmington Trust Company, and the Borrower, as amended and/or supplemented from time to time.
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Customer Collections Account Administration Agreement means the Customer Collections Account Administration Agreement, dated as of November 12, 2003, among, inter alios, the Trinity Industries Leasing Company, Trinity Rail Leasing III, L.P., TRIP Rail Leasing LLC, the TRL-III Transaction Investors identified on the signature pages thereto, Credit Suisse AG, New York Branch, Wilmington Trust Company, and the Borrower, as amended and/or supplemented from time to time. “Customer Collections Account Administration Agreement Severance” has the meaning set forth in Section 9.02(f). “Customer Payments Accounts” means the Customer Payments Account referred to and defined in the Customer Collections Account Administration Agreement. “Daily Simple SOFR” means, for any day, SOFR, with conventions (including, without limitation, a lookback) established by the Agent in its reasonable discretion in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans; provided that, if the Agent determines that any such convention is not administratively, operationally, or technically feasible for the Agent, then the Agent may establish another convention in its reasonable discretion. “Debt” of any Person means at any date, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person to the extent of the value of such property (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (iv) all obligations of such Person to pay the deferred purchase price of property or services (other than current accounts payable arising in the ordinary course of business), (v) the capitalized amount of all Capital Leases of such Person that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (vi) all obligations (other than obligations in respect of like kind exchanges) of such Person in respect of securities repurchase agreements or otherwise to purchase securities or other property which arise out of or in connection with the sale of the same 747656567 17557858 16 Fifth Amended and Restated Warehouse Loan Agreement
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Customer Collections Account Administration Agreement means the Customer Collections Account Administration Agreement, dated as of November 12, 2003, among the Manager, the Borrower, the Agent, Trinity Rail Leasing III, L.P., a Texas limited partnership, the TRL-III Transaction Investors identified on the signature pages thereto, WTC, as the Transaction Debt Representative (as defined therein), as the TRL-III Indenture Trustee (as defined therein), as the TRL-III Collateral Agent (as defined therein), as a beneficiary thereunder and as the Account Collateral Agent (as defined therein)."
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Examples of Customer Collections Account Administration Agreement in a sentence

  • Within three (3) Business Days after receiving direction from the Required Lenders, each of the Agent and the Borrower (acting at the direction of the Agent) shall sever itself as a “Beneficiary” under the Customer Collections Account Administration Agreement (the “Customer Collections Account Administration Agreement Severance”) in accordance with Section 11(c) thereof and deliver the Payment Notice/Lessor Rights Notice to any and all Lessees with respect to any and all of the Portfolio Leases.

  • The Borrower also shall notify and instruct each Lessee that all payments due or to become due under each Portfolio Lease (except for Excepted Payments (which shall be payable to the Persons for whose benefit any such payment is made)) or otherwise in respect of amounts and other receivables of the Borrower are to be made directly to the Customer Payments Account (or, after the occurrence of the Customer Collections Account Administration Agreement Severance, the Collection Account).

  • The Agent shall have received a supplement to the Customer Collections Account Administration Agreement, duly executed by TILC, the Collateral Agent, the Agent, and the Delaware Trustee of the Customer Collections Account Administration Agreement, and certified by a Responsible Officer of the Delaware Trustee as a true and correct copy thereof.

  • Clause (i) of Section 2.01 of the Depository Agreement is hereby amended by inserting the parenthetical "(or, after the occurrence of the Customer Collections Account Administration Agreement Severance (or otherwise at the direction of the Agent (as directed by the Required Lenders)), the Collection Account)" immediately after the words "Customer Payments Account" contained therein.

  • Proceedings 21st World’s Poultry Congress, August 20-24, Montreal, Canada, 2000.


More Definitions of Customer Collections Account Administration Agreement

Customer Collections Account Administration Agreement means the Customer Collections Account Administration Agreement, dated as of November 12, 2003, among, inter alios, TILC, Wilmington Trust Company and the Borrower, as amended and/or supplemented from time to time.
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Related to Customer Collections Account Administration Agreement

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Wachovia Bank, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MLMI Series 2005-A1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Swap Administration Agreement As defined in Section 4.08(b).

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Account Agreement means the agreements for the operation of the Account.

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

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance reasonably satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Administration Account As defined in Section 7.02.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Concentration Account Bank means any bank or other financial institution at which the Concentration Account is maintained.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

Most Referenced Clauses

Most Referenced Definitions