General Collection Account definition

General Collection Account. A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “General 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.
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General Collection Account. As defined in the Titling Trust Agreement.
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General Collection Account means the bank account with the account number as specified in the Accounts Agreement and held in the name of the Issuer at the Account Bank, as well as any other bank accounts specified as such by or on behalf of the Issuer in the future in addition to or as substitute for such General Collection Account in accordance with the Accounts Agreement;
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Examples of General Collection Account in a sentence

  • The Borrower will not make any change, or permit the Collateral Manager to make any change, in its instructions to Obligors (or agents on any Agented Loan) regarding payments to be made with respect to the Collateral to the General Collection Account, unless the Administrative Agent has consented to such change.

  • The Collateral Manager will not make any change in its instructions to Obligors or agents of Agented Loans regarding payments to be made with respect to the Collateral to the General Collection Account, unless the Administrative Agent, the Collateral Agent and, so long as no Event of Default has occurred and is continuing, the Borrower, have consented to such change.


More Definitions of General Collection Account

General Collection Account means one of the Compartment Bank Account on which the Available Collections will be credited on each Settlement Date.
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General Collection Account means with respect to the General Trust -------------------------- Assets, the account established by the General Interest Trustee to hold all Trust Assets relating to the General Interest.
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General Collection Account has the meaning set forth in Section 5.1.2(a).
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General Collection Account shall have the meaning given to such term in the Titling Trust Agreement.
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Related to General Collection Account

  • 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.

  • 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.

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

  • Principal Collections means Collections of Principal Receivables.