Euro Collection Account definition

Euro Collection Account means the account established by the UK Account Bank in accordance with this Agreement and the Security Trust Deed and designated as the "Euro Collection Account" with the account number specified in the Transaction Schedule.
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Euro Collection Account means, in relation to each Borrower, the account specified in Schedule 7 of the Servicing Agreement maintained in the name of such Borrower for the purpose of receiving Collections in Euro at the Account Bank or any replacement account designated as the “Euro Collection Account” which such Borrower (or the Servicer on behalf of such Borrower) may open with the Account Bank in accordance with clause 5.3 of the Servicing Agreement.
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Euro Collection Account means account no. 175389600, IBAN: XX00000000000000000000, Branch No.: 100, Sort code: 00000000, BIC/ SWIFT: XXXXXXXXXXX, Account holder: Aegean Marine Petroleum S.A., maintained with Deutsche Bank AG, Frankfurt, or such other account established and maintained with Deutsche Bank AG, Frankfurt or any Affiliate of the Lender, for receipt of payments relating to the Accounts Receivable denominated and payable in Euros, and into which, among other items, all Collections on all such Assigned Receivables and all proceeds thereof will be deposited.
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Examples of Euro Collection Account in a sentence

  • So long as the Collateral Agent has received the Applicable Payment Amount payable on an Applicable Payment Date and no Default or Event of Default shall have occurred and be continuing, promptly following the Borrower’s written request, the Collateral Agent shall instruct the Cash Management to remit directly to such account as the Borrower may specify such portion of the collected funds remaining on deposit in the Vodafone Euro Collection Account as the Borrower may specify.

  • Funds in the Euro Collection Account, the GBP Collection Account, the CAD Collection Account, the AUD Collection Account, the CHF Collection Account, the DKK Collection Account, the NOK Collection Account, the NZD Collection Account and the SEK Collection Account, shall remain uninvested.

  • The fluid is advanced using a fractional-step IMEX scheme with the viscous terms treated implicitly, while the hyperbolic system for the solid is integrated using an explicit upwind scheme.

  • Notwithstanding clause third of the preceding sentence, Collections on deposit in the Dollar Collection Account and the Euro Collection Account on any Settlement Date that are payable pursuant to clause third may be netted and set-off by the Servicer against the Advance, if any, to be made on such Settlement Date.

  • The Borrower shall deliver to the relevant Eligible Obligor the Irrevocable Payment Instructions in the applicable invoice for any Assigned Receivables to make payment to the Dollar Collection Account or the Euro Collection Account, as the case may be.

  • Borrower shall take all actions necessary to preserve Lender's first priority security interest in the Collateral on deposit in the Dollar Collection Account and the Euro Collection Account.

  • Notwithstanding the foregoing or anything contained herein to the contrary, Lender shall, upon the occurrence and during the continuance of an Event of Default, be entitled to exercise all rights and remedies available to it under the Program Documents and at law, including without limitation its right to withdraw Collections from the Dollar Collection Account and the Euro Collection Account and apply them as set forth in this Agreement.

  • In addition, the Depositor herewith delivers to the Trustee an executed copy of the Purchase Agreement, the [ ] Assignment Agreement, the Assignment Agreements and the Diligence Agreement.

  • Custodial Account: Collection Account: MV Cure Account: Unfunded Exposure Account: Euro Collection Account: * The Collateral Agent or the UK Account Bank will provide account numbers for the GBP Collection Account, the GBP Unfunded Exposure Account, the CAD Collection Account, the CAD Unfunded Exposure Account and/or the Euro Unfunded Exposure Account when and if each such account is established in accordance with this Agreement and the Security Trust Deed.

  • Servicer shall instruct with effect from the Effective Date, all Account Debtors of the Assigned Receivables that pay by wire transfers of funds, automated clearing house ("ACH") entries, credits from merchant card transactions and other electronic funds transfers to remit their payment on the Assigned Receivables to the Dollar Collection Account or the Euro Collection Account, as the case may be.


More Definitions of Euro Collection Account

Euro Collection Account means the Collection Account opened and maintained by Celestica Romania.
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Euro Collection Account has the meaning assigned to such term in the Indenture.
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Related to Euro Collection Account

  • 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.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

  • 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).

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • 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.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

  • Note Account As defined in the Indenture.

  • Finance Charge Account is defined in Section 4.9(a).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

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

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

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).