Revenue Collection Account definition

Revenue Collection Account means an account in the name of the Operator at a bank acceptable to the Authority where all the revenues collected by the Operator are deposited, and from which all the payments are made by the Operator.
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Revenue Collection Account means an account which shall be a Facility of the Grantor but which shall be established in the name of and controlled solely by the Operator pursuant to Section 6.3.
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Revenue Collection Account shall have the meaning as set forth in Section 5 of Article 14.
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Examples of Revenue Collection Account in a sentence

  • USD shall instruct Customers (on each Invoice and otherwise) to make payments pursuant to the Invoices directly into the Revenue Collection Account.

  • D.A. shall prior to the Compliance Date open and establish with the Bank (“Revenue Collection Bank”) a Revenue Collection Account.

  • Notwithstanding Sections 5 and 7, in the case either party becomes a Defaulting Party, the non-Defaulting Party shall be entitled to issue wire transfer instructions to the Bank: to procure payment of amounts owing to the non-Defaulting Party from the Revenue Collection Account in accordance with the Facilities Agreement without the requirement to obtain the signature of the other Party.

  • Neither Party shall charge any of the Customers any accessorial, pumpover, manifold, transfer or other separate fees directly related to the provision of Product handling or Product throughput services within the Pipeline Facilities or Rail Terminal unless such charges or fees are delivered directly to the Revenue Collection Account and accounted for as revenue in the calculations below, unless mutually agreed otherwise by the Parties in writing.

  • The Revenue Collection Account shall be subject to the Account and Control Agreement (as hereafter defined).

  • The Borrower shall ensure that all revenues arising from the Hotel Facilities are deposited with the Hotel Revenue Collection Account, and such revenues shall be immediately transferred to the Hotel Operating Expenses Execution Account.

  • If any Terminal Revenues are sent directly to USD or Xxxxxx or any of their respective Affiliates, USD or Xxxxxx, as applicable, shall promptly deliver or procure delivery of such payments directly into the applicable Revenue Collection Account.

  • Neither Party shall have any right or entitlement to set off any amounts owing to such Party by the other Party against amounts in the Revenue Collection Account.

  • The Borrower shall entrust the claim for return of deposit with the Non-Hotel Revenue Collection Account before the Initial Drawdown, and shall complete the procedures (notification and approval of trust or other procedures with similar effects) necessary for such entrustment.

  • The Borrower shall directly manage or ensure the Management Service Company manages the Hotel Revenue Collection Account and Hotel Operating Expenses Execution Account from the Completion of Construction Date.


More Definitions of Revenue Collection Account

Revenue Collection Account means a current account to be opened and maintained by H.D.A., with the Escrow Bank for the purpose of depositing of the Water Charges as per Article 11.5 to be operated according to the terms of Article 11.5;
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Revenue Collection Account has the meaning set forth in Section 6(a);
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Revenue Collection Account means the Canadian dollar cash account established by the Parties with the Bank pursuant to the Account Agreement, in respect of which each Party is jointly and severally entitled and liable, subject to the terms of the Facilities Agreement and this Agreement.
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Revenue Collection Account means, for each Borrowing Base Property, a deposit account in the name of the applicable Master Tenant at Bank of America, N.A., in which such Master Tenant has granted to the Direct Property Owner that owns such Borrowing Base Property a security interest, as security for such Master Tenant’s obligations under the Master Lease for such Borrowing Base Property, which security interest shall have been collaterally assigned by such Direct Property Owner to the Administrative Agent for the benefit of the Secured Parties as security for the Obligations, each of which shall be a Controlled Account.
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Revenue Collection Account means the “Revenue Collection Account” as defined under the Account Agreement and each other RMB denominated revenue collection accounts opened or to be opened by the Level-1 Onshore Sub with the Onshore Account Bank (or any replacement account or sub-account thereto).
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Revenue Collection Account means an account in which revenues collected from the project are deposited at a bank acceptable to the Contracting Authority;
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Related to Revenue Collection 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.

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

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

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • 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.

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

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

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

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

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

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

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Note Account As defined in the Indenture.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

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