Examples of Master Collection Accounts in a sentence
All Collections in the Collection Accounts or Master Collection Accounts shall be transferred to the applicable Company Concentration Accounts by no later than 12:30 p.m. London time on the next Business Day following the day of receipt of Collections in the Collection Accounts.
With respect to Collateral that consists of Master Collection Accounts (as defined in the Intercreditor Agreement), Regional, the other Borrowers, the Special Purpose Subsidiaries and the other Grantors (as defined in the Security Agreement), pursuant to the Security Agreement shall grant a security interest in such Master Collection Accounts to Collateral Agent.
Except as may be required by or consented to by the Agent, no Borrower Party will change any instructions that have been given to any Segregated Account Bank or Collection Bank that cause amounts in each Segregated Account and Collection Account (other than the Master Collection Accounts) to be deposited into the Master Collection Accounts as required by Section 7.1(j) hereof.
The Collection Accounts and Master Collection Accounts as of the Effective Date are set forth in Schedule 3 hereof.
Take all reasonable actions necessary to ensure that the ---------------------- Collection Accounts, the Master Collection Accounts and the Company Concentration Accounts shall be free and clear of, and defend the Collection Accounts, the Master Collection Accounts and the Company Concentration Accounts against, any writ, order, stay, judgment, warrant of attachment or execution or similar process.
Except to the extent otherwise permitted under the terms of this Agreement, the Collection Accounts and the Master Collection Accounts are free and clear of any Lien (except for Trustee Liens).
Except as expressly provided in this ---------- Agreement, each of the Master Servicer and the Servicer Guarantor agrees that it shall have no right of set-off or banker's lien against, and no right to otherwise deduct from, any funds held in any Collection Account, Master Collection Accounts or Company Concentration Accounts for any amount owed to it by the Company, the Trust, the Trustee or any Holder.
With respect to Collateral that consists of Master Collection Accounts (as defined in the Intercreditor Agreement), Regional (as agent for the Borrowers and the borrower under the Securitization Documents (as defined in the Intercreditor Agreement), as well as any borrower under a Warehouse Facility or issuer under a future Securitization), pursuant to the Security Agreement shall grant a security interest in such Master Collection Accounts to Collateral Agent.
Except as expressly provided in this Agreement, each of the Master Servicer and the Servicer Guarantor agrees that it shall have no right of set-off or banker’s lien against, and no right to otherwise deduct from, any funds held in any Collection Account, Master Collection Accounts or Company Concentration Accounts for any amount owed to it by the Company, the Trust, the Trustee or any Holder.
In addition to any of the limitations specified in this Agreement, we may further restrict or limit your ability to receive deposits when we reasonably believe there may be fraudulent, suspicious, or illegal activity on or impacting your Account.