SPV Account definition

SPV Account means (i) that certain depository account in the name of Aspen Technology Receivables II LLC, number 3300489094 maintained by Silicon Valley Bank together with the related postal lockbox at X.X. Xxx 00000, Xxxxxx, XX 00000-0000 or (ii) any other depositary account and related postal lockbox designated by the Agent or the Purchaser as the “SPV Account” or the “Collateral Account.”
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SPV Account means (i) that certain depository account in the name of Aspen Technology Receivables II LLC, number 3300489094 maintained by Silicon Valley Bank together with the related postal lockbox at P.O. Box 83167, Woburn, MA 01813-3167 or (ii) any other depositary account and related postal lockbox designated by the Agent or the Purchaser as the “SPV Account” or the “Collateral Account.”
Sample 1
SPV Account means any account, at an Eligible Account Bank, described in Schedule 3 (Accounts) to the Receivables Transfer Agreement under the heading "SPV Accounts" and any account added as an SPV Account in accordance with the Transaction Documents. (p) The definition of "STS Requirements" in Clause 2.1 is hereby amended so that references to the "Securitisation Regulation" are replaced by references to the "EU Securitisation Regulation". (q) The definition of "Subordinated Loan Interest Rate" in Clause 2.1 is hereby amended in its entirety to read as follows:
Sample 1

Examples of SPV Account in a sentence

  • The Notes represent obligations of the Issuer only, and do not represent obligations of the Asset SPV, the Arranger, the Joint Lead Managers, the Security Trustee, the Note Trustee, the Collateral Trustee, the Issuer Account Bank, the Asset SPV Account Bank, the Issuer Cash Manager, the Asset SPV Cash Manager or the Principal Paying Agent or any other Transaction Party (except the Issuer) or any other third person or entity.

  • At all times prior to the Closing Date, each Obligor was been instructed by Aspen to remit all payments on the Transferred Receivables and Related Security directly to the Collection Account and from and after the Closing Date, each Obligor will be instructed to remit all payments on the Transferred Receivables and Related Security directly to the SPV Account.

  • Implement and maintain adequate measures to provide standing instructions to each Obligor on any Transferred Receivables to remit all payments in connection with such Transferred Receivable to the SPV Account.

  • Each Servicer shall allocate, hold and distribute Collections (including, for the avoidance of doubt, any Collections then on deposit in any Collection Account or SPV Account), any interest and income available on amounts on deposit in any Collection Account or SPV Account and proceeds of any Investment solely in accordance with this Clause 4.1, subject to Clause 4.6 (Allocation and payments in different Currencies).

  • Make any change in its instructions to Obligors regarding payments to be made to the Purchaser other than any changes in instructions necessary to ensure that such payments are made to the SPV Account (as opposed to the Collection Account or any other location).

  • The Issuer has appointed an agent under each of the Issuer Cash Management Agreement, the Issuer Account Bank Agreement, the Issuer Corporate Services Agreement, and the Security Trust Deed, and the Asset SPV has appointed an agent under each of the Collateral Certificate Trust Deed, the Asset SPV Account Bank Agreement, the Asset SPV Corporate Services Agreement, and the Servicing Agreement.

  • Deposit or otherwise credit, or cause or permit to be so deposited or credited, to the SPV Account cash or cash proceeds other than Collections.

  • As soon as possible and in any event within three Business Days of Aspen’s having knowledge thereof, notice of the assertion on the part of any Person of the existence of an Adverse Claim against the Transferred Receivables, the Related Security, the SPV Account or the Collection Account, other than any Adverse Claim permitted under the Transaction Documents.

  • Seller shall have no right or interest in the SPV Account or in any amounts from time to time held in the SPV Account, and shall not permit any funds to be remitted to the SPV Account other than Collections.

  • Aspen shall have no right or interest in the SPV Account or in any amounts from time to time held in the SPV Account, and shall not permit any funds to be remitted to the SPV Account other than Collections.


More Definitions of SPV Account

SPV Account means any account, at an Eligible Account Bank, described in Schedule 3 (Accounts) to the Receivables Transfer Agreement under the heading "SPV Accounts" and any account added as an SPV Account in accordance with the Transaction Documents.
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Related to SPV Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Investment Account As defined in Section 3.12(a).

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

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • 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.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

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

  • Note Account As defined in the Indenture.

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

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

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

  • Separate Accounts means the accounts which are to be prepared for each

  • 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.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

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

  • Unallocated Account means the account maintained by us in your name on an Unallocated Basis pursuant to this agreement.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 2.2.