Interest Collection Account definition
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.
Interest Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-201, which is 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, which is established and maintained pursuant to Section 8.1(a).
Interest Collection Account has the meaning assigned to such term in Section 8.02(a).
Examples of Interest Collection Account in a sentence
The Collateral Manager shall report the amount of Principal Collections and Interest Collections on deposit in the Principal Collection Account and the Interest Collection Account, in each case on each Quarterly Reporting Date, in the Collateral Manager Report delivered pursuant to Section 6.08(b)Section 6.08(b).
More Definitions of Interest Collection Account
Interest Collection Account means the account(s) established by the Securities Intermediary and set forth on the Transaction Schedule for the deposit of Interest Proceeds denominated in USD and any successor accounts established in connection with the resignation or removal of the Securities Intermediary.
Interest Collection Account. The trust account established pursuant to Section 10.2(a) hereof.
Interest Collection Account means a sub-account of the Principal and Interest Account established and maintained pursuant to Section 7.03(a).
Interest Collection Account means a sub-account (account number 163757-201 at the Account Bank) of the Collection Account into which Interest Collections shall be segregated.
Interest Collection Account means the trust account established pursuant to Section 8.02(a)(i).
Interest Collection Account means the account established pursuant to Section 10.1(b) and described in Section 10.2(a)
Interest Collection Account has the meaning specified in Section 3(a).