Receipts Account definition

Receipts Account shall have the meaning specified in Section 4.4(d) hereof.

Receipts Account means an account beneficially owned by the Holder and designated by the Holder as the account to which the Servicer shall transfer funds collected on behalf of the Holder from Borrowers.

Receipts Account means any account established with the Account Bank in the

Examples of Receipts Account in a sentence

• All income and gain realized from any such investment shall be deposited in the Termination Receipts Account or the Replacement Receipts Account, as applicable, and all losses, if any, shall be borne by the related account.

• Amounts on deposit in the Replacement Receipts Account shall be held for the benefit of the related Swap Counterparty and paid to such Swap Counterparty if the Supplemental Interest Trust is required to make a payment to such Swap Counterparty following an event of default or termination event with respect to the Supplemental Interest Trust under the related Swap Agreement.

• All income and gain realized from any such investment shall be deposited in the Swap Termination Receipts Account or the Swap Replacement Receipts Account, as applicable, and all losses, if any, shall be borne by the related account.

• Amounts on deposit in the Swap Replacement Receipts Account shall be held for the benefit of the related Swap Counterparty and paid to such Swap Counterparty if the Supplemental Interest Trust is required to make a payment to such Swap Counterparty following an event of default or termination event with respect to the Supplemental Interest Trust under the related Swap Agreement.

• The Trustee shall invest, or cause to be invested, funds held in the Termination Receipts Account and the Replacement Receipts Account in time deposits of the Trustee as permitted by clause (ii) of the definition of Eligible Investments or as otherwise directed in writing by a majority of the Certificateholders.

More Definitions of Receipts Account

Receipts Account means the bank account in the name of the Group Borrower with the Group Borrower Account Bank, sort code 60-15-31, account number 00000000, designated as the Clarion Treasury Receipts Account and denominated in Sterling, or such other account as may be designated as such by the Group Borrower and the Security Trustee, and any renewal or redesignation thereof;

Receipts Account has the meaning given in Section 7.1(a) of NML Credit Agreement.

Receipts Account means any account in the name of the Chargor designated as such by the Lender and shall include (without limitation) each Account as defined in the Facilities Agreement.

Receipts Account shall have the meaning set forth in Section 5.02 hereof.

Receipts Account has the meaning given in Section 7.1(a) of TLI Credit Agreement.

Receipts Account has the meaning set forth in SECTION 10.1.

Receipts Account means the US Dollar denominated account number [***] of the Borrower opened and maintained with the Authorised Agent (including any account(s) being a renewal, redesignation, additional or replacement of any of such account(s) from time to time).