Local Collection Accounts definition

Local Collection Accounts means the following bank accounts established with the Local Collection Account Bank for the purpose of receiving Turkish Lira denominated payments due to each of the following Borrowers and their Subsidiaries under their respective Eligible Contracts:
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Local Collection Accounts. The accounts designated as the Local Collection Accounts in, and which are established and maintained pursuant to, Section 4.2(a), for the deposit of collections with respect to receivables serviced by the Servicer, including the Receivables.
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Local Collection Accounts. The segregated accounts maintained on behalf of the Trust by the Local Banks pursuant to SECTION 4.2(D). [___________]: [________________], or any successor thereto.
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Examples of Local Collection Accounts in a sentence

  • The Local Collection Accounts, any deposit account opened from time to time with the Local Collection Account Bank pursuant to this Agreement and the other deposit accounts set forth in Item 6.22 of the Disclosure Schedule and identified as accounts maintained in Turkey are the only deposit accounts of any Borrower maintained in Turkey.

  • For the Northern Properties, business tax and URET have to be paid from the Local Collection Accounts before rental collection can be transferred to the Northern Central Collection Account.

  • Local Eligible InvestmentsAmounts standing to the credit of the Local Collection Accounts may, subject to certain conditions as set out in the relevant Local Administration Agreement, be invested by the relevant Local Administrator in Eligible Investments.

  • For the Southern Properties (where payment of business tax and URET can be made from the Southern Central Collection Account), the Collection Agents can, upon receipt into the Local Collection Accounts, arrange for the transfer of rental collections to the Southern Central Collection Account without any significant delays.

  • Local Eligible InvestmentsAmounts standing to the credit of the Local Collection Accounts may, subject to certain conditions as set out in the relevant Local Trust Agreement, be invested by the relevant Local Trustee in Eligible Investments.

Related to Local Collection Accounts

  • Collection Accounts As defined in Section 3.10(a).

  • 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.

  • 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.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

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

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Principal Collections means Collections of Principal Receivables.

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

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

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

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

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.