New Collection Account shall have the meaning assigned to such term in Section 5.12(b)(iv).
New Collection Account means, in relation to each Originator, each account (if any) designated as such and having the details set out in the List of Collection Accounts and any other collection account that an Originator may open from time to time with an account bank (subject to the prior written approval of the Facility Agent) and, in relation to the Master Servicer, each New Master Collection Account and such accounts collectively the “New Collection Accounts”.
Examples of New Collection Account in a sentence
Further, from the 2014 Amendment Date, all Collection Accounts used by the French Seller for the purposes of the Securitisation Transaction shall be subject to the New Collection Account Agreement or any agreement substantially in the form of the New Collection Account Agreement.
The Borrower will ensure that each New Collection Account (other than any New Spanish Collection Account) shall be maintained at all times in the name of the Borrower and will cause each New Spanish Collection Account to be maintained at all times in the name of the Spanish Account SPV.