Examples of Master Collection Account in a sentence
The terms governing the Master Collection Account (and the payment waterfall) will be set forth in the Cash Management Agreement.
Policy Securities Accounts: Lima Acquisition LP has opened and will maintain threesecurities accounts (the "Policy Securities Accounts") in its own name with the Securities Intermediary (as defined below), namely the Policies Securities Account, the Master Collection Account and the Premium Account (each as defined in the section headed "The Portfolio and the Issuer Security").
Payments from the Master Collection Account must be made in accordance with the payment waterfall below.
Payments may be made from the Master Collection Account other than on a Quarterly Payment Date only to satisfy (i) amounts due to third parties (other than pursuant to the Relevant Documents) and payable in connection with the Issuer’s business and (ii) amounts due under the Sub-Participation Agreement.
NRIPL (while it is required to perform cash management services for Asset Co under the Plantations MSA, the Harbour MSA, the Vessels MSA or the Jamalco MSA (as applicable) (the “Cash Manager”) will operate the Master Collection Account pursuant to the terms of the Cash Management Agreement.