Seller Collection Account definition

Seller Collection Account means the bank account[s] maintained by the Seller with the Seller Collection Account Bank to which payments made by the relevant Borrowers under or in connection with the Mortgage [Loans / Receivables] will be paid;]
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Seller Collection Account means that certain account in the name of the Seller, account number 835287167, at X.X. Xxxxxx Xxxxx Bank, N.A.
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Seller Collection Account means each dedicated collection account opened in the name of the relevant Seller and operated pursuant to the Collection Account Bank Mandate and referred to in Clause 8 (Q) (a) hereunder.
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Examples of Seller Collection Account in a sentence

  • All payments made by Borrowers will be paid into the Seller Collection Account.

  • Furthermore, the amounts standing to the credit of the Seller Collection Account will be pledged to the Previous Transactions SPVs and the Issuer jointly and repledged to the Previous Transactions Security Trustees and the Security Trustee jointly under the condition that future issuers in securitisation transactions of GMAC RFC Nederland will also have the benefit of such right of pledge.

  • The Servicer will ensure that all Collections are paid into the Seller Collection Account and if any amounts are incorrectly deposited into another account, the Servicer will transfer such amounts to the Seller Collection Account.

  • On each "Mortgage Payment Date" (being the 8th business day following each Mortgage Calculation Period End Date (defined below)) the relevant Pool Servicer shall transfer all amounts of principal, interest and prepayment penalties received by the relevant Seller in respect of the Relevant Mortgage Receivables and paid to the relevant Seller Collection Account during the immediately preceding Mortgage Calculation Period, to the Floating Rate GIC Account.

  • Amounts standing to the credit of the Seller Collection Account representing Collections will be transferred to the Issuer Collection Account held in the name of the Issuer at the Greek Account Bank on a daily basis.

  • In order to identify pharmaceutical patents, the classes A61K and A61P of the International Patent Classification (IPC) are considered.8 The patents granted over the period 1978-2010 have been extracted from the database.Information about health-related research articles published over the same time pe- riod are drawn from ISI Web of Knowledge.9 The database reports the affiliation of all the authors involved in a publication, along with their full address.

  • No liability whatsoever in respect of any failure by the Issuer to pay any amount due under the Notes shall be accepted by any of the Sellers, the Interest Rate Swap Provider, the Lead Manager, the Administrators, the Cash Manager, the Account Bank, the Seller Collection Account Banks, the Note Trustee, the Security Trustee or by any other person other than the Issuer.

  • The Seller Collection Account is administrated by the MPT Provider.

  • Seller Collection Accounts A ”Seller Collection Account Provider Rating Downgrade Event” means the event that the short-term, unsecured, unsubordinated and unguaranteed debt obligations of the Seller Collection Account Provider are assigned a rating of less than the Seller Collection Account Provider Required Rating or such rating is withdrawn by any of the Rating Agencies.

  • See the section entitled "Description of the Transaction Account Bank and the Cash Manager" Seller Collection Account BankBarclays Bank PLC 1 Churchill Place LondonE14 5HPSeller Collection Account Agreement and Declaration of Trust.


More Definitions of Seller Collection Account

Seller Collection Account means the deposit account of the Seller set forth on Schedule 5.19(a).
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Seller Collection Account means in respect of each Seller, the account set opposite the relevant Seller's name in Schedule 1 Part 1, under the heading "Seller Collection Account", in each case in the name of the appropriate Seller, or such other account at such branch of such bank as each Seller may from time to time specify, with the prior written consent of the Operating Agent.
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Related to Seller Collection Account

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account 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.

  • 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.

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

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

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

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

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

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

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

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

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

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

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

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

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Finance Charge Collections means Collections of Finance Charge Receivables.

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