Note Collection Account definition

Note Collection Account means the segregated trust account established at the direction of the Issuer and maintained by the Global Agent entitled “Note Collection Account, for the benefit of the Holders of STACR Debt Notes 2015-HQ2”.
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Note Collection Account has the meaning assigned to such term in Section 4.01.
Sample 1
Note Collection Account has the meaning assigned to such term in Section 4.01.
Sample 1

Examples of Note Collection Account in a sentence

  • The Global Agent shall invest funds in the Note Collection Account in Permitted Investments in accordance with the written direction of the Issuer for the period from each Remittance Date to the related Payment Date, which investments shall mature not later than the related Payment Date.

  • The Note Collection Account for U.S. federal income tax reporting and withholding purposes will be owned by the Issuer.

  • Absent written direction from the Issuer, the Global Agent shall hold all funds on deposit in the Note Collection Account uninvested.

  • The Issuer shall send via ACH payment to the Note Collection Account by 12:00 p.m. New York City time one (1) Business Day before the Payment Date (the "Remittance Date") pursuant to the instructions set forth in Exhibit G hereto, the principal and interest payments due on the Notes for such Payment Date and the monthly portion of the annual fee due to the Global Agent.

Related to Note Collection Account

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

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

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

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.