Italian Collection Account definition

Italian Collection Account means any account set forth on Schedule 5 (Facility Accounts and Account Banks) hereto under the heading “Italian Collection Accounts”, as such Schedule may be amended from time to time in accordance herewith.
Sample 1Sample 2Sample 3
Italian Collection Account means any of the account denominated in Euro opened in the name of the Guarantor and held by the Italian Account Bank for the deposit of any amount of the Collections of the Portfolios number 000008417530 (IBAN: IT 27 S 01030 14200 000008417530) and any otheraccount which may be opened by the Guarantor if a bank part of the Montepaschi Group will accede the Programme in its capacity as Additional Seller and Additional Servicer, for the deposit of the collections of the Portfolios transferred by such bank, in its capacity as Additional Seller, to the Guarantor, or any other substitutive account which may be opened by the
Sample 1
Italian Collection Account means, as the case may be, the BMPS Italian Collection Account and/or any other account which may be opened by the Guarantor if a bank part of the Montepaschi Group will accede the Programme in its capacity as Additional Seller and Additional Servicer, for the deposit of the collections of the
Sample 1

Examples of Italian Collection Account in a sentence

  • Amounts received in respect of the Italian Loan Receivables will be collected into the Italian Collection Account and swept from the Italian Collection Account into the Italian Purchaser Collection Account daily.

  • Amounts standing to the credit of the Italian Collection Account representing receipts in respect of the Italian Mortgage Loans will be transferred on each day which commercial banks are open for business in Milan (each such day, an Italian Business Day) to the Italian Purchaser Collection Account (see paragraph below this section headed Italian Purchaser Accounts).

  • German Collection Account and Italian Purchaser Collection Account Payments in respect of the Mortgage Loans will be paid into the German Collection Account of the German Originator, in the case of the German Mortgage Loans, and into the Italian Collection Account of the Italian Originator, in the case of the Italian Mortgage Loans.

  • All such payments shall be deposited into the Italian Collection Account not later than 12.00 noon, London time, on such Payment Date.

  • Under the Servicing Agreement, the Servicer shall credit on a daily basis any Scheduled Collections to the Italian Collection Account.

  • The Italian Collection Account is held with the Italian Account Bank.


More Definitions of Italian Collection Account

Italian Collection Account means the collection account in the name of Italian FleetCo into which Italian Collections shall be deposited.
Sample 1

Related to Italian Collection Account

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.