Issuer Collection Account definition

Issuer Collection Account means the account in the name of the Issuer, the details of which are set forth in the Agency and Account Bank Agreement, held with the Account Bank, into which the Issuer will receive payments on Assigned Receivables and amounts under the New VFZ Facilities Agreement (with any such payments being immediately credited to the Interest Proceeds Account or the Principal Proceeds Account, as applicable).

Issuer Collection Account means the euro denominated account established in the name of the Issuer with the Servicer (IBAN: IT09 E030 5101 6000 0000 0001 040), as the same may be renumbered or redesignated from time to time, or such other substitute account as may be opened in accordance with the Cash Allocation, Management and Payments Agreement.

Issuer Collection Account means the euro denominated account established by the Issuer with the English Account Bank for the deposit from the ICR1 FONSPA Interim Collection Account of all amounts deriving from the Collections pursuant to the Cash Management and the Paying Agency and Account Bank Agreement.

Examples of Issuer Collection Account in a sentence

• Issuer Collection AccountThe Issuer shall maintain with the Issuer Account Bank an Issuer Collection Account into which are paid, among other things, all amounts received by the Issuer in respect of the Mortgage Receivables and the relevant Transaction Documents.

• Ledgers The Issuer (or the Issuer Administrator on its behalf) will maintain and administer the Issuer Collection Account with the following Ledgers: the Income Ledger, the Redemption Ledger, the Swap Replacement Ledger, the Participation Ledger and the Deposit Ledger.

• The Issuer will use receipts of principal and interest in respect of the Mortgage Receivables together with amounts it receives under the Hedging Agreements, drawings from the Reserve Account, revenues on any Eligible Investments and the Issuer Collection Account and, in certain limited circumstances, amounts standing to the credit of the Pre-funded Account and the Construction Deposit Account, to make payments of, inter alia, principal and interest due in respect of the Notes.

• The remaining part of the proceeds of the Subordinated Loan will be credited to the Issuer Collection Account.

• Receivables Proceeds Distribution Agreement: On or before the Closing Date, the Issuer will become a party to the Receivables Proceeds Distribution Agreement under which, inter alia, the Collection Foundation undertakes to transfer all amounts received on the Collection Foundation Account in respect of the Mortgage Receivables, to the Issuer Collection Account.

More Definitions of Issuer Collection Account

Issuer Collection Account means the bank account of the Issuer designated as such in the Issuer Account Agreement; ["Issuer Collection Account Balance"] means, at any day, the balance on the Issuer Collection Account at the close of business on such day; ["Issuer Collection Account Interest"] means, in respect of a Notes Calculation Period, the interest accrued on the Issuer Collection Account during such period;["Issuer Currency Swap Agreement" means any currency swap agreement (documented under a [1992] ISDA master agreement, including the schedule thereto, a credit support annex and a confirmation) between the Issuer, the relevant Issuer Currency Swap Counterparty and the Security Trustee; ["Issuer Currency Swap Collateral"] means [•]; ["Issuer Currency Swap Collateral Account"] means [•]; ["Issuer Currency Swap Counterparty" means any Issuer Currency Swap Counterparty as set out in the Applicable Final Terms;]

Issuer Collection Account means the euro denominated account established in the name of the Issuer with the Agent Bank with number 1437, or such other substitute account as may be opened in accordance with the Agency Agreement.

Issuer Collection Account means the euro denominated account established in the name of the Issuer with the Servicer with number (IBAN: IT48 A030 5101 6000 0000 0001 020).

Issuer Collection Account means the bank account of the Issuer with the Issuer Account Bank designated as such for the purpose of Collections or such other account with an EligibleBank as may from the time being be substituted therefor in accordance with the provisions of the Cash Administration Agreement.

Issuer Collection Account means has the meaning given to the term, in Spanish, “Cuenta de Colección” in the Onshore Trust and Assignment Agreement.

Issuer Collection Account. The trust account or accounts established and maintained by the Issuer for the benefit of the Agent as such pursuant to Section 13.2 of the Security Agreement.

Issuer Collection Account means the euro denominated current account opened by the Issuer with the Issuer Account Bank pursuant to the Issuer Agency and Accounts Agreement.