Examples of Seller Collection Accounts in a sentence
For as long as no Assignment Notification Event has occurred, all payments made by Borrowers will be paid into the Seller Collection Accounts.
There is therefore a risk that the cashflows under the Mortgage Receivables through the Seller Collection Accounts are interrupted by a Dutch Insolvency Proceeding of the Seller.
The Seller Collection Accounts are not pledged to any party and are also used for the collection of moneys paid in respect of mortgage loans other than the Mortgage Loans in respect of which the Mortgage Receivables are sold to the Seller and in respect of any other moneys belonging to the Seller.
On each Collection Payment Date, the Seller shall, inter alia, transfer (or procure that the relevant Pool Servicer transfers on its behalf) all amounts of interest, including any prepayment penalties and penalty interest and principal received by the Seller since the last Collection Payment Date (or since the Initial Cut-off Date in case of the first Collection Payment Date) in respect of the SME Receivables and paid to the Seller Collection Accounts to the Issuer Collection Account.
The Issuer’s ability to make payments in respect of the Notes and to pay its operating and administrative expenses depends on funds being received from the Borrowers into the Seller Collection Accounts and such funds subsequently being swept on (at least) a monthly basis by the Pool Servicer to the Issuer Collection Account.
The second manner of listing entry shall imply sending information attached to the offer, whereby informing that only by executing the payment on the special payment slip, the consent for entering of particular items on the Infostan utility invoice shall be provided.
The Seller Collection Accounts are administered by Stater and Quion Hypotheekbegeleiding respectively.
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Provider are assigned a rating of less than the Seller Collection Account Provider Required Rating or such rating is withdrawn by any of the Rating Agencies.
In establishing the statistical indicators on housing conditions, the Statistical Commission and the Inter-Agency Working Party on Statistics for Social Programmes agreed that dwellings with densities of three or more persons per room should be considered overcrowded under any circumstances.
Issuer Collection Account: The Issuer shall maintain with the Floating Rate GIC Provider an account(the 'Issuer Collection Account') to which, inter alia, on a monthly basis all amounts from the Seller Collection Accounts will be transferred by the Seller or by the MPT Provider on its behalf.