Transferor Collection Account definition

Transferor Collection Account means the bank account maintained by the relevant Transferor with the Collection Account Bank on which all payments made by the relevant Borrowers are collected.
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Transferor Collection Account means the account held for the purposes of clause 16.1 (Transferor Collection Account and Transferor Receipts Account) of the Receivables Securitisation Deed.
Sample 1

Examples of Transferor Collection Account in a sentence

  • The present paper describes in detail the efficient and general procedure to process the experimental data and to determine the distributions of the material variables.

  • All Collections held in the Transferor Collection Account will be held on trust for the Receivables Trustee pending the transfer of such Collections to the Receivables Trustee Collection Account which (prior to Senior Funding Completion) will take place on a daily basis.

  • On or prior to its accession hereunder, each Additional Transferor shall have opened an account in its name for the purpose of receiving, inter alia, Collections (the "[*] Additional Transferor Collection Account").

  • Committee members may, periodically, agree to inspect each other’s areas to provide a different perspective.

Related to Transferor Collection Account

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

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

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

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