Interest Collections Account definition

Interest Collections Account means the segregated account specified as such in or pursuant to the Account Bank Agreement or such other account as the Security Trustee, the Issuer and the Swap Counterparty may agree to substitute in place thereof.
Sample 1Sample 2Sample 3
Interest Collections Account. Defined in Section 6.4(h).
Sample 1Sample 2Sample 3
Interest Collections Account means the account, denominated in Euro, specified as such in or pursuant to the Account Bank Agreement or such other account denominated in Euro, as the Security Trustee, the Issuer and the Portfolio Swap Counterparty may agree to substitute in place thereof.
Sample 1Sample 2

Examples of Interest Collections Account in a sentence

  • On any other date prior to the Enforcement Date, the Issuer will apply, or cause to be applied, the funds standing to the credit of the Interest Collections Account, to pay, in the Order of Priority, to the Security Trustee, the Note Trustee and any relevant Operating Creditors any unpaid Budgeted Expenses determined as of the immediately preceding Payment Date which are payable to such party and which have not previously been paid out of the Interest Collections Account.

  • On any other date prior to the Enforcement Date the Issuer will apply, or cause to be applied, the funds standing to the credit of the Interest Collections Account, to pay, in the Order of Priority, to the Security Trustee, the Note Trustee and any relevant Operating Creditors any unpaid Budgeted Expenses determined as of the immediately preceding Payment Date which are payable to such party and which have not previously been paid out of the Interest Collections Account.

  • Accounts Interest shall accrue on the Interest Collections Account at a rate of interest as agreed from time to time between the Account Bank, the Swap Counterparty and the Issuer and shall be paid into the Interest Collections Account.

  • If such rates of interest are negative then such amounts shall be deducted from the Principal Collections Account and/or Interest Collections Account (as applicable).

  • Scanlon:Suppose Jones has suffered an accident in the transmitter room of a television station.

  • Interest payments due on the Notes will be funded by (a) Swap Premium payments made by the Swap Counterparty under the Credit Default Swap, (b) (during a Repo Existence Period) any Repo Premium payments made by the Repo Counterparty, and (c) interest earned on each of the Principal Collections Account and the Interest Collections Account.

  • Interest payments due on the Notes will be funded by (a) Swap Premium payments (to the extent payable into the Interest Collections Account) made by the Swap Counterparty under the Credit Default Swap and(b) the Collateral Income Proceeds.

  • On any other date prior to the Enforcement Date the Issuer will apply, or cause to be applied, the funds standing to the credit of the Interest Collections Account, to pay to the Security Trustee, the Note Trustee and any relevant Operating Creditors any Covered Expenses determined as of the immediately preceding Payment Date which are payable to such party and which have not previously been paid out of the Interest Collections Account.

  • All payments of Swap Premium will, upon receipt, be deposited into the Interest Collections Account unless the Account Bank Interest Rate is negative, in which case a portion of the Swap Premium equal to the absolute value of the Collateral Income Proceeds shall be deposited into the Principal Collections Account and the remainder (if any) deposited into the Interest Collections Account.

  • SecurityAll payments of Swap Premium will, upon receipt, be deposited into the Interest Collections Account unless the Account Bank Interest Rate is negative, in which case a portion of the Swap Premium equal to the absolute value of the Collateral Income Proceeds shall be deposited into the Principal Collections Account and the remainder (if any) deposited into the Interest Collections Account.


More Definitions of Interest Collections Account

Interest Collections Account has the meaning specified in Section 3(a).
Sample 1Sample 2
Interest Collections Account means the interest bearing account of the Issuer with the Account Bank so entitled.
Sample 1
Interest Collections Account has the meaning specified in Section 5.02(a).
Sample 1

Related to Interest Collections Account

  • 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.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • 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.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • 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).

  • Principal Collections means Collections of Principal Receivables.

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • 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.

  • 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.