Security Deposit Collection Account definition

Security Deposit Collection Account means the account designated as the Security Deposit Collection Account in, and which is established and maintained pursuant to, Section 8.1(a).
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Security Deposit Collection Account means a segregated, non-interest bearing securities account number 00000000, which is created and maintained on the books and records of the Collection Account Bank entitled “Security Deposit Collection Account” in the name of the Borrower and subject to the Lien of the Facility Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).
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Security Deposit Collection Account. “ means the account designated as the Security Deposit Collection Account in, and which is established and maintained pursuant to, Section 8.1(a).
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Examples of Security Deposit Collection Account in a sentence

  • If at any time the Collection Account, the Funding Account, the Warrant Reserve Account or the Security Deposit Collection Account ceases to be an Eligible Account (with notice to the Collateral Manager and the Facility Agent), then the Collateral Manager shall transfer such account to another institution such that such account shall meet the requirements of an Eligible Account.

  • The Collection Account, the Funding Account, the Warrant Reserve Account and the Security Deposit Collection Account shall each be an Eligible Account which is a segregated trust account initially established with the Collection Account Bank pursuant and subject to the Account Agreement.

Related to Security Deposit 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.

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

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

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

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • 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).

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

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.