Master Collection Account definition

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

Master Collection Account. Each Collection Account designated as such on Exhibit IV hereto.

Master Collection Account means the account as set out in Schedule 1 to the Servicing Agreement;

Examples of Master Collection Account in a sentence

• The Borrower and the Servicer shall cause all Collections on deposit in the Master Collection Account to be swept from the Master Collection Account to the Collection Account within two Business Days of deposit in the Master Collection Account.

• The account number with respect to the Master Collection Account shall be set forth on Schedule VIII, as updated from time to time with the prior written consent of the Administrative Agent.

• The Servicer will not make any change in its instructions to any relevant administrative agent or Obligor, as applicable, regarding payments to be made with respect to the Collateral to the Master Collection Account or the OperatingCollection Account unless the Administrative Agent has consented to such change.

• All Collections deposited from time to time in the Master Collection Account pursuant to this Agreement shall be held in trust by the Servicer, for the benefit of the Administrative Agent, and shall be applied to the purposes herein provided.

• The Servicer agrees to hold in trust for the benefit of the Administrative Agent, and cause the delivery to the Master Collection Account, the Operating Account or the Collection Account promptly (but in no event later than two (2) Business Days after receipt), all Collections received by Servicer in respect of the Loans that are part of the Collateral.

More Definitions of Master Collection Account

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).

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.

Master Collection Account is defined in Section 7.4(e).

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.

Master Collection Account is defined in Section 4.2 of the Pooling Agreement.

Master Collection Account means the account maintained by Xxxxx Fargo Bank Minnesota, National Association pursuant to the Master Collection Account Agreement.

Master Collection Account has the meaning given such term in Section 8.2(d).