Examples of Income Collections in a sentence
Income Collections – Physical 5.00 Principal & Interest - Book Entry 5.00 Principal & Interest - Physical 5.00 Non-securities-related cash payments levied for all outward free payments including third party foreign exchange payments.
Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Accounts pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.
Upon receipt of Collections in each applicable Collection Account, the Portfolio Asset Servicer shall promptly identify any Collections received as being on account of Principal Collections, Current Income Collections or Excluded Amounts.
The Portfolio Asset Servicer shall further include a statement as to the amount of Principal Collections, Current Income Collections and Excluded Amounts on deposit in the Collection Account on each Determination Date immediately preceding a Reporting Date in the Servicing Report delivered pursuant to Section 8.08(b).
INCOMEActualAnticipatedLine Item CommentsGross Scheduled Rents (Potential or Actual) Parking/Other Income (Subject to Vacancy) Vacancy & Collection Loss (Deduction) Effective Gross Income (Collections) Plus Other Income (Laundry, Reimbursements) TOTAL INCOME EXPENSESManagement (Prof.