Receivables Collection Account definition

Receivables Collection Account means the deposit account identified in and subject to a Deposit Account Control Agreement which is the exclusive account maintained by the Company for the collection of all its Accounts.
Receivables Collection Account means the account of Holdings maintained at Wells Fargo Bank, N.A. into which all Purchased Receivables Collections in respect of Purchased Receivables are paid by the applicable customer, which Receivables Collections Account shall, at all times, constitute a Blocked Account hereunder.
Receivables Collection Account means (i) each Transferred Receivables Collection Account and (ii) each Unsold Receivables Collection Account.

Examples of Receivables Collection Account in a sentence

  • On each Distribution Date and on the Redemption Date (if applicable), the Indenture Trustee shall distribute amounts on deposit in the Loan Collection Account and Receivables Collection Account to the Noteholders in accordance with Section 8.2, less amounts properly withheld under the Code from a payment to any Noteholder of interest and/or principal.

  • The Servicer’s Certificate shall specify the amounts transferred into the Receivables Collection Account with respect to the immediately preceding Monthly Period.

  • All proceeds with respect to the Ambac Policy shall be deposited in the Loan Collection Account or Receivables Collection Account, as the case may be, for distribution to Noteholders as set forth in Section 6.17 of the Indenture.

  • Upon receipt of any Insured Payment from the Insurer, the Indenture Trustee shall deposit such amount into the Loan Collection Account or Receivables Collection Account, as the case may be, for distribution to the Noteholders.

  • On or before each Determination Date, with respect to the preceding Monthly Period and the related Distribution Date, the Servicer shall calculate each of the amounts required to be distributed or drawn from the Reserve Account, the Equipment Loan Collection Account and/or the Receivables Collection Account (including the Carrying Cost Account), as applicable, on the next succeeding Distribution Date.

  • Funds deposited in the Loan Collection Account, the Receivables Collection Account and Reserve Account shall be invested in Eligible Investments that mature prior to the next Distribution Date except, and then only to the extent, as shall be otherwise permitted by the Rating Agencies and the Control Party.

  • The Indenture Trustee shall keep a complete and accurate record of all Ambac Policy proceeds deposited into the Loan Collection Account or Receivables Collection Account, as the case may be, and the allocation of such funds to payment of interest on and principal paid in respect of any Note.

  • Such Receivables Collection Account shall have a sub-account (the “Carrying Cost Account”) into which the Daily Carrying Costs will be credited.

  • Funds allocated to the Purchasers’ Interest and the Transferor’s Interest shall be deposited into the Receivables Collection Account and applied pursuant to Section 6.04(d).

  • On each Business Day, the excess of (x) the amount then on deposit in the Receivables Collection Account over (y) the Daily Carrying Costs will be distributed by the Indenture Trustee in accordance with Section 8.2(d) and (e) of the Indenture.


More Definitions of Receivables Collection Account

Receivables Collection Account. The account designated as such, established and maintained pursuant to Section 6.04(a) of the Pooling and Servicing Agreement.
Receivables Collection Account. The account designated as such, established and maintained pursuant to Section 6.04(a) of the Pooling and Servicing Agreement. Receivables Commitment: Sixty Million Dollars ($60,000,000). On or after the Conversion Date, the Receivables Commitment shall be zero.
Receivables Collection Account means each concentration account, depository account, Receivables Lock-Box account or similar account in which any Receivables Collections are collected or deposited.
Receivables Collection Account means the account of Holdings maintained at Xxxxx Fargo Bank, N.A. into which all Purchased Receivables Collections in respect of Purchased Receivables are paid by the applicable customer, which Receivables Collections Account shall, at all times, constitute a Blocked Account hereunder.

Related to Receivables Collection Account

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • 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.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • 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.

  • Collection Accounts As defined in Section 3.10(a).

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Note Account As defined in the Indenture.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Finance Charge Account is defined in Section 4.9(a).

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.