FINANCE CHARGE COLLECTIONS LEDGER definition

FINANCE CHARGE COLLECTIONS LEDGER shall have the meaning specified in Clause 5.1(a)(iii) of the Receivables Trust Deed and Trust Cash Management Agreement;
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FINANCE CHARGE COLLECTIONS LEDGER. The Receivables Trustee shall hold all amounts allocated to the Principal Collections Ledger and the Finance Charge Collections Ledger on an undivided basis on trust for the benefit of the Undivided Bare Trust beneficiaries. The Receivables Trustee shall, from time to time, promptly upon their identification, allocate amounts identified as representing Principal Collections to the Principal Collections Ledger and amounts identified as representing Finance Charge Collections to the Finance Charge Collections Ledger.
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FINANCE CHARGE COLLECTIONS LEDGER means the sub-ledger in the Finance Charge Collections Ledger established in respect of the Trustee Collection Account for the benefit of Series 2007-1 pursuant to Clause 5.1(c) and recording amounts held on a segregated bare trust for the sole benefit of the Loan Note Issuer, in respect of Series 2007-1; ‘‘Series 2007-1 Issuer’’ shall mean Xxxxxxxx Xxxxxx Funding Series 2007-1 plc as issuer of the Associated Debt and its successors and assigns as beneficial holder of the Series 2007-1 Related Debt;
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Examples of FINANCE CHARGE COLLECTIONS LEDGER in a sentence

  • The Receivables Trustee shall hold all amounts allocated to the Series Principal Collections Ledger (if, in the case of Principal Collections, specified to do so by a Trust Supplement) and the Series Finance Charge Collections Ledger (and the sub-ledgers for each Trust Series, as appropriate) on a Segregated Bare Trust as Segregated Bare Trust Property for the benefit of the relevant Investor Beneficiary to which such ledgers relate.

  • The APC will deposit the proceeds of the exercise of the Call Option into the APC Collection Account and credit such amount to the relevant Principal Collections Ledger and the relevant Finance Charge Collections Ledger, as applicable.

  • QualificationsTertiary qualification in Human Resources, Psychology or a related field supported by relevant senior leadership experience.

  • At this time, details of sequencing of the work, contact individuals for each party, testing requirements, submittals, and pay requests will be covered.

  • On each Transfer Date, Loan Note Issuer No.1, acting on the advice of the Trust Cash Manager, will apply and transfer LNI Available Funds credited to the Loan Note Issuer No.1 Finance Charge Collections Ledger on such Transfer Date, in the order of priority specified under "The Loan Notes - Application of LNI Available Funds".

  • In relation to (1) above, all such amounts credited to the Series 2019-1 Finance Charge Collections Ledger shall (if so instructed by the Trust Manager) be invested by the Trustee in Permitted Investments.


More Definitions of FINANCE CHARGE COLLECTIONS LEDGER

FINANCE CHARGE COLLECTIONS LEDGER. The Receivables Trustee shall hold all amounts allocated to the Principal Collections Ledger and the Finance Charge Collections Ledger on an undivided basis on trust for the benefit of the Undivided Bare Trust beneficiaries. The Receivables Trustee shall, from time to time, promptly upon their identification, allocate amounts identified as representing Principal Collections to the Principal Collections Ledger and amounts identified as representing Finance Charge Collections and Acquired Interchange to the Finance Charge Collections Ledger. Further ledgers shall be established for each issuance of Related Debt and/or Series as provided in the related Supplements.
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FINANCE CHARGE COLLECTIONS LEDGER shall have the meaning specified in clause 6.1(a)(iii) (Receivables Trustee Collection Account) of the Receivables Trust Deed and Servicing Agreement.
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Related to FINANCE CHARGE COLLECTIONS LEDGER

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Principal Collections means Collections of Principal Receivables.

  • 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.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

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

  • 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 or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

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

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • 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.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

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

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • 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 Business Day preceding such 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 the Purchase Amount for which was included in Available Collections for a previous Distribution Date; 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.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2019-4 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2019-4 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Reallocated Class B Principal Collections shall have the meaning ----------------------------------------- specified in subsection 4.14(b) of the Agreement.

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.