EUR Collection Account definition

EUR Collection Account means the single, segregated account with respect to Collections in Euros at the Securities Intermediary in the name of the Borrower subject to the lien of the Collateral Agent for the benefit of the Secured Parties.
Sample 1Sample 2Sample 3
EUR Collection Account means the account established by the Securities Intermediary (acting through its London Branch) in accordance with Section 8.01 and designated as the "EUR Collection Account".
Sample 1Sample 2Sample 3
EUR Collection Account means an account in the name of the Purchaser at the Collection Account Bank as set out under the heading “EUR Collection Account” in Schedule 19 (Account Details) of the Incorporated Terms Memorandum.
Sample 1

Examples of EUR Collection Account in a sentence

  • If the Lenders are required to make an Advance to the Company as provided in Section 2.03, then each Lender shall make such Advance on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the Collateral Agent for deposit to the Collection Account, the CAD Collection Account, the EUR Collection Account or the GBP Collection Account, as applicable.

  • For the avoidance of doubt, (i) Principal Proceeds received in any Permitted Non-USD Currency shall remain uninvested and shall be deposited in the CAD Collection Account, the EUR Collection Account or the GBP Collection Account, as applicable, and (ii) amounts held in the CAD Collection Account, the EUR Collection Account and the GBP Collection Account shall remain uninvested.

  • For the avoidance of doubt, (i) Interest Proceeds received in any Permitted Non-USD Currency shall remain uninvested and shall be deposited in the CAD Collection Account, the EUR Collection Account or the GBP Collection Account, as applicable, and (ii) amounts held in the CAD Collection Account, the EUR Collection Account and the GBP Collection Account shall remain uninvested.

  • The Master Servicer shall draw on the Available Collections in respect of the Purchased Receivables, in order to effect payment for a Reinvestment as provided in the Belgian Receivables Purchase Agreement, to transfer monies to the relevant Transfer Accounts and the EUR Collection Account under the Belgian Receivables Purchase Agreement, and for such other purposes as provided under the Belgian Receivables Purchase Agreement.

  • For the avoidance of doubt, the EUR Collection Account may have a negative balance and no other amounts, including any liabilities of the Issuer (save for those expressly authorised to be debited from the EUR Collection Account) may be debited from such account.

  • Once payment has been made in respect of all other constituents of the Reference Portfolio on or prior to the earlier to occur of the Maturity Determination Date or the Early Redemption Date but before payments have been made in respect of the Notes in respect of such date, no amount may be paid from the EUR Collection Account such that it will have a negative balance following such payment.

  • Costs of such stations may be offset by lower construction costs of DC transmission lines, but offsets require DC lines of considerable length.

  • If the balance of the EUR Collection Account is positive, it will receive overnight interest at the EONIA Rate minus 0.25 per cent.

  • For the avoidance of doubt, the EUR Collection Account may have a negative balance.

  • If the balance of the EUR Collection Account is negative, overnight interest will be paid from such account at the EONIA Rate plus 0.25 per cent.


More Definitions of EUR Collection Account

EUR Collection Account means the EUR Interest Collection Account and the EUR Principal Collection Account, collectively.
Sample 1
EUR Collection Account means the account of that name in the name of the Issuer with the Account Bank or any further or other account so named or redesignated account into which Distributions denominated in EUR will be collected and from which EUR Principal Proceeds will be paid into the EUR Principal Account and EUR Interest Proceeds will be paid into the EUR Interest Account.
Sample 1
EUR Collection Account shall have the meaning specified in Article 5(c).
Sample 1
EUR Collection Account means the EUR Interest Collection Account and the EUR Principal Collection Account, collectively.
Sample 1

Related to EUR Collection Account

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

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Note Account As defined in the Indenture.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.