Receipts Account definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

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.
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.
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.
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 has the meaning given in SECTION 7.1(A) of Credit Agreement.

Receipts Account has the meaning set forth in SECTION 10.1.

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 ▇▇▇▇▇▇▇▇, 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 shall have the meaning set forth in Section 5.02 hereof.

Receipts Account means a bank account to be opened in the name of the Security Trustee. means a receiver and manager or (if the Security Trustee so specifies in the relevant appointment) a receiver, in either case, appointed under this Assignment.

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 means account no. 375-1508531of the Borrower ---------------- maintained with the Depositary.