Principal Collections Account definition

Principal Collections Account. Defined in Section 6.4(f).
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Principal Collections Account means the account specified as such in or pursuant to any Account Bank Agreement or such other account as the Security Trustee, the Issuer and the Swap Counterparty may agree to substitute in place thereof.
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Principal Collections Account shall have the meaning attributed to such term in the Security Agreement.
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Examples of Principal Collections Account in a sentence

  • If such rates of interest are negative then such amounts shall be deducted from the Principal Collections Account and/or Interest Collections Account (as applicable).

  • Scanlon:Suppose Jones has suffered an accident in the transmitter room of a television station.

  • Interest payments due on the Notes will be funded by (a) Swap Premium payments made by the Swap Counterparty under the Credit Default Swap, (b) (during a Repo Existence Period) any Repo Premium payments made by the Repo Counterparty, and (c) interest earned on each of the Principal Collections Account and the Interest Collections Account.

  • All payments of Swap Premium will, upon receipt, be deposited into the Interest Collections Account unless the Account Bank Interest Rate is negative, in which case a portion of the Swap Premium equal to the absolute value of the Collateral Income Proceeds shall be deposited into the Principal Collections Account and the remainder (if any) deposited into the Interest Collections Account.

  • SecurityAll payments of Swap Premium will, upon receipt, be deposited into the Interest Collections Account unless the Account Bank Interest Rate is negative, in which case a portion of the Swap Premium equal to the absolute value of the Collateral Income Proceeds shall be deposited into the Principal Collections Account and the remainder (if any) deposited into the Interest Collections Account.

  • Interest payments due on the Notes will be funded by (a) Swap Premium payments made by the Swap Counterparty under the Credit Default Swap, and (b) interest earned on each of the Principal Collections Account and the Interest Collections Account.

  • Principal Collections Account linked to Collateral Securities Withdrawals from Custody AccountThe Account Bank Security will become enforceable if the Account Bank becomes insolvent or otherwise defaults in any of its obligations under the Account Bank Agreement.

  • Interest payments due on the Notes will be funded by (a) Swap Premium payments made by the Swap Counterparty under the Credit Default Swap, (b)(during a Repo Existence Period) any Repo Premium payments made by the Repo Counterparty, and (c) interest earned on each of the Principal Collections Account and the Interest Collections Account.

  • On any other day the Issuer will apply, or cause to be applied, the funds standing to the credit of the Principal Collections Account, to pay to the Repo Counterparty any Income and/or pursuant to a Substitution (as defined in the Repurchase Agreement), cash or cash redemption proceeds then constituting Repo Collateral subject to and in accordance with the provisions of the Repurchase Agreement.

  • Materials and Method Modified 9Cr-1Mo type ferritic steel specified as ASME T91 was used as a substrate specimen with following dimensions.


More Definitions of Principal Collections Account

Principal Collections Account means the account, denominated in Euro, specified as such in or pursuant to the Account Bank Agreement or such other account denominated in Euro as the Security Trustee, the Issuer and the Portfolio Swap Counterparty may agree to substitute in place thereof.
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Principal Collections Account has the meaning specified in Section 3(a).
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Principal Collections Account has the meaning specified in Section 5.02(a).
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Principal Collections Account. The account designated as such, established and maintained in accordance with Section 5.01(a).
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Principal Collections Account. Defined in Section 6.4(f). USActive 57833767.7
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Principal Collections Account. The account designated as such, established and maintained by the Servicer in accordance with Section 5.01(a)(2) hereof. Proceeding: Any suit in equity, action at law or other judicial or administrative proceeding. Proceeds: With respect to a Liquidated Loan, any cash amounts received in connection with the liquidation of such Loan, whether through sale, foreclosure sale, liquidation, exchange or other disposition, whether such disposition is voluntary or involuntary, and any other amounts required to be deposited in the Collection Account pursuant to Section 5.01(b) hereof, in each case other than Insurance Proceeds.
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Related to Principal Collections Account

  • 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.

  • Principal Collections means Collections of Principal Receivables.

  • 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.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

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

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • 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.

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

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

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2024-2 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2024-2 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.