Master Collection Account Bank definition

Master Collection Account Bank shall have the meaning specified in Section 4.02(a) and shall initially be PNC Bank, National Association.
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Master Collection Account Bank means Xxxxx Fargo Bank, National Association, or a bank designated by the Company and approved by the Administrative Agent in its reasonable discretion.
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Master Collection Account Bank means Computershare Trust Company, N.A.
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Examples of Master Collection Account Bank in a sentence

  • Unless directed to do so by Administrative Agent and Collateral Agent, no Borrower shall have authority to, nor shall it terminate any bank as the Master Collection Account Bank, add any other financial institution as a Master Collection Account Bank, or consent to the transfer of any funds from any Lock-Box Bank to any financial institution other than the Master Collection Account Bank.

  • In no event shall the Trustee or the Master Collection Account Bank, as appropriate, be responsible for monitoring whether such institution shall remain a Qualified Institution.

  • If any institution with which the Master Collection Account is established pursuant to this Section 7.01(b) ceases to be a Qualified Institution, the Servicer, or if the Servicer fails to do so, the Trustee or the Master Collection Account Bank (as the case may be) shall within ten (10) Business Days of receipt of notice or actual knowledge of such failure by a Responsible Officer establish a replacement account at a Qualified Institution after notice of such event.


More Definitions of Master Collection Account Bank

Master Collection Account Bank shall have the meaning specified in Section 4.02(a).
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Related to Master Collection Account Bank

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

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

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

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

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

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

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • 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.

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

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

  • Deposit Account Bank means a financial institution at which a Deposit Account is maintained.

  • 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.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

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

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

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

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

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

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

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

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

  • 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.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.