Interest Collection Subaccount definition

Interest Collection Subaccount. The meaning specified in Section 10.2(a).
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Interest Collection Subaccount means the collective reference to the sub-accounts of the Collection Account identified as interest collection subaccounts into which Interest Collections shall be segregated.
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Interest Collection Subaccount means the account established at the Account Bank with account number ▇▇▇▇▇▇▇▇ for U.S. Dollar deposits into which Interest Collections shall be segregated, and each other subaccount of the Collection Account that may be established from time to time for administration or convenience into which Interest Collections are to be segregated.
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Examples of Interest Collection Subaccount in a sentence

  • Any income earned on amounts deposited in the Ramp-Up Account will be deposited in the Interest Collection Subaccount.

  • Except to the extent expressly provided otherwise herein, all interest and other income from such investments shall be deposited in the Interest Collection Subaccount, any gain realized from such investments shall be credited to the Principal Collection Subaccount upon receipt, and any loss resulting from such investments shall be charged to the Principal Collection Subaccount.

  • The Collateral Trustee shall from time to time deposit into the Interest Collection Subaccount, in addition to the deposits required pursuant to Section 10.6(a), immediately upon receipt thereof or upon transfer from the Payment Account, all Interest Proceeds (unless simultaneously reinvested in additional Collateral Obligations in accordance with Article XII).

  • The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.

  • Any income earned on amounts deposited in the Expense Reserve Account will be deposited in the Interest Collection Subaccount as Interest Proceeds as it is received.


More Definitions of Interest Collection Subaccount

Interest Collection Subaccount is defined in Section 7.4(e).
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Interest Collection Subaccount. The trust account established pursuant to Section 10.2(a).
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Interest Collection Subaccount has the meaning specified in Section 3(a).
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Interest Collection Subaccount means, collectively, the account designated as "USD Interest Collection Account]" (with account number 1▇▇▇▇▇▇▇), the account designated as "DIAMETER CCH II-INTEREST – CAD" (with account number 1▇▇▇▇▇▇▇), the account designated as "DIAMETER CCH II-INTEREST – EUR" (with account number 1▇▇▇▇▇▇▇) and the account designated as "DIAMETER CCH II-INTEREST – GBP" (with account number 1▇▇▇▇▇▇▇), into which such accounts Interest Collections shall be segregated.
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Interest Collection Subaccount means a sub-account (account number 92074002 at the Account Bank) of the Collection Account entitled "Interest Collection Subaccount," into which Interest Collections shall be segregated.
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Interest Collection Subaccount means the account established at the Account Bank with account number 46455702 for U.S. Dollar deposits into which Interest Collections shall be segregated, and each other subaccount of the Collection Account that may be established from time to time for administration or convenience into which Interest Collections are to be segregated.
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Interest Collection Subaccount has the meaning assigned to such term in Section 8.02(a). -39-
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