Master Collection Account definition

Master Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.
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Master Collection Account. Each Collection Account designated as such on Exhibit IV hereto.
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Master Collection Account means the account as set out in Schedule 1 to the Servicing Agreement;
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Examples of Master Collection Account in a sentence

  • The Issuer will not, directly or indirectly, make payments to or distributions from the Master Collection Account except in accordance with this Indenture, the Basic Documents, any Series Supplement or any Series Related Document.

  • To exercise such option, the Master Servicer or the Seller, as the case may be, shall deposit pursuant to Section 5.3 in the Master Collection Account an amount equal to the aggregate Repurchase Amount for the related Receivables, plus the appraised value of any other property constituting such Series Trust Estate, such value to be determined by an appraiser mutually agreed upon by the Master Servicer and the Trust, and shall succeed to all interests in and to the related Series Trust Estate.

  • HAFC and the Seller, as applicable, shall deposit or cause to be deposited in the Master Collection Account for distribution to the appropriate Series Collection Account on the Business Day preceding the Determination Date following the date on which such obligations are due the aggregate Repurchase Amount with respect to Repurchased Receivables.

  • Except as expressly provided in this Agreement, the Master Servicer agrees that it shall have no right of setoff or banker's lien against, and no right to otherwise deduct from, any funds held in the Master Collection Account for any amount owed to it by the Trust.

  • As compensation for its activities, the Master Servicer shall be entitled to retain out of amounts otherwise to be deposited in the Master Collection Account with respect to a Collection Period, the Base Servicing Fee and any Supplemental Servicing Fee for each Series for such Collection Period.


More Definitions of Master Collection Account

Master Collection Account means that certain collection account established by the Operating Partnership and identified as the “Master Collection Account” to Property Manager. As of the date hereof, the Master Collection Account is account number 153795158085 established and maintained by U.S. Bank National Association.
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Master Collection Account means the Collection Account listed on Schedule II to this Agreement (as such schedule may be modified from time to time in connection with the closing or opening of any Collection Account in accordance with the terms hereof) that is identified as the Master Collection Account.
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Master Collection Account is defined in Section 7.4(e).
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Master Collection Account is defined in Section 4.2 of the Pooling Agreement.
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Master Collection Account means the account maintained by Xxxxx Fargo Bank Minnesota, National Association pursuant to the Master Collection Account Agreement.
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Master Collection Account means the master deposit account established or maintained by a Borrower at SunTrust Bank (or other bank acceptable to Administrative Agent), which deposit account shall be utilized solely for purposes of aggregating all payments made by Borrowers’ Account Debtors and all other Proceeds of Collateral and over which Administrative Agent shall have control (as defined under the UCC).
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Master Collection Account shall have the meaning given such ------------------------- term in the Intercreditor Agreement.
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