Principal Collection Accounts definition

Principal Collection Accounts means jointly the Cariparma Principal Collection Account, the Carispe Principal Collection Account and the BPF Principal Collection Account.

Principal Collection Accounts means jointly the CA Italia Principal Collection Account and the CA Friuladria Principal Collection Account.

Principal Collection Accounts means, collectively, the Principal Collection Accounts, established with an Account Bank in the name of the Borrower into which Principal Collections shall be deposited in accordance with the terms of this Agreement and subject to the Account Control Agreement and under the “control” (within the meaning of Section 9-104 or 9-106 of the UCC, as applicable) of the Administrative Agent for the benefit of the Secured Parties; provided that, subject to the rights of the Administrative Agent hereunder with respect to funds, the funds deposited therein from time to time shall constitute the property and assets of the Borrower, and the Borrower shall be solely liable for any Taxes payable with respect to the Principal Collection Account and each subaccount that may be established from time to time.

Examples of Principal Collection Accounts in a sentence

• On the final Payment Date, all amounts remaining in the Interest Collection Accounts and the Principal Collection Accounts on the final Payment Date, after application thereof in accordance with clauses (i) through (viii) above and following the payment of the Termination Obligations in full, shall be applied for distribution to the Preferred Investor in accordance with Section 7(c) of the Preference Share Subscription Agreement.

• Amortisation Test" in the point letter "B" reference to "Luxembourg Principal Collection Accounts" shall be deemed as replaced by reference to "English Principal Collection Accounts".

• On page 173, under the sub-section headed "Cover Pool Management Agreement" in the third paragraph any reference to the word "Luxembourg Principal Collection Accounts" shall be deemed as replaced by the reference to the word "English Principal Collection Accounts".

• Any and all funds at any time on deposit in, or otherwise to the credit of, the Principal Collection Accounts shall be held in trust by the Collateral Agent for the benefit of the Secured Parties.

• The proceeds of all Loans made hereunder (unless expressly permitted to be otherwise applied in accordance with the terms and conditions of this Agreement) and all Principal Proceeds and amounts transferred from the Margin Account for deposit in the Principal Collection Accounts pursuant to Section 6.3(c) shall be deposited into the relevant Principal Collection Account.

• The only permitted withdrawal from or application of funds on deposit in the Collection Accounts, Principal Collection Accounts or Interest Collection Accounts shall be to make payments expressly provided for in this Agreement or to transfer funds to the applicable Trust Account in connection with a Reinvestment pursuant to Section 5(d).

• The Collateral Custodian shall provide a statement as to the amount of Principal Collections and Interest Collections on deposit in the Principal Collection Accounts and the Interest Collection Accounts, respectively, and each subaccount thereof upon the reasonable written request of the Collateral Manager.

• The entire Outstanding Principal Amount of Loans shall be due and payable on the Maturity Date, and on the Maturity Date the Borrower Parties shall pay such amount from the Principal Collection Accounts to the Administrative Agent on behalf of the Lenders, without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind or character, all of which are hereby expressly waived.

• The Investment Manager on behalf of the Borrower shall seek to invest all amounts on deposit from time to time in the Principal Collection Accounts in Collateral Obligations in accordance with the provisions hereof.

• Such sub-accounts of any Interest Collection Account shall be considered to be Interest Collection Accounts for all intents and purposes under the Transaction Documents and such sub-accounts of any Principal Collection Accounts shall be considered to be Principal Collection Accounts for all intents and purposes under the Transaction Accounts.

More Definitions of Principal Collection Accounts

Principal Collection Accounts means the Borrower Principal Collection Account and each CLO Subsidiary Principal Collection Account.

Principal Collection Accounts means the trust accounts maintained pursuant to Section 6.3(a).

Principal Collection Accounts means, collectively, the Principal Collection Accounts, established with the Account Bank in the name of the Borrower into which Principal Collections shall be deposited in accordance with the terms of this Agreement and subject to an Account Control Agreement specified on Schedule V hereto and under the "control" (within the meaning of Section 9‐104 or 9‐106 of the UCC, as applicable) of the Administrative Agent for the benefit of the Secured Parties; provided that, subject to the rights of the Administrative Agent hereunder with respect to funds, the funds deposited therein from time to time shall constitute the property and assets of the Borrower, and the Borrower shall be solely liable for any Taxes payable with respect to the Principal Collection Accounts and each subaccount that may be established from time to time. "Principal Collections" means any cash Collections deposited in the Collection Accounts in accordance with the terms hereof that are not Current Income Collections, including all Recoveries, all Insurance Proceeds or other proceeds of any liquidations or Sales of a Portfolio Asset and all Scheduled Payments of principal, principal prepayments, guaranty payments or other payments that reduce the Outstanding Principal Balance of a Portfolio Asset.

Principal Collection Accounts means: #4889-1846-1214