Trustee Collection Account definition

Trustee Collection Account means any Eligible Account established and maintained by the Trustee for the benefit of the Certificateholders pursuant to Section 5.3(a) hereof.

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Trustee Collection Account has the meaning set forth in Section 5.01 of the Sale and Servicing Agreement.

Trustee Collection Account means the account described in Clause 15 of the RSA or any sub-account therefor or replacement thereof at any Qualifying Institution outside the United Kingdom;

Examples of Trustee Collection Account in a sentence

In the event that any amount not required to be deposited into the Trustee Collection Account is so deposited, the Master Servicer may at any time direct the Indenture Trustee to withdraw such amount from the Trustee Collection Account and deliver it to or at the direction of Master Servicer, any provision herein to the contrary notwithstanding.
Such requirement respecting deposits into the Trustee Collection Account is exclusive.
Any funds remaining in the Trustee Collection Account after exhaustion of such remedies and the payment of all amounts due the Noteholders shall be distributed by the Certificate Paying Agent to the Certificateholder of the majority of the Percentage Interest of the Certificates of the Class with respect to which such amounts are due.
Each Certificateholder, by its acceptance of a Certificate, agrees that it will look solely to funds on deposit in the Trustee Collection Account that have been released from the Lien of the Indenture for payment hereunder, and that the Owner Trustee in its individual capacity is not personally liable to any Certificateholder for any amount payable under any Certificate or the Trust Agreement or, except as expressly provided in the Trust Agreement, subject to any liability under the Trust Agreement.
Reports to the Indenture Trustee; Collection Account Statements 38 Section 5.15.
The amount of any losses incurred in respect therewith shall be deposited into the Trustee Collection Account by the Indenture Trustee and/or the Depositor out of their own funds immediately as incurred.
Reports to the Trustee; Collection Account Statements..........................................75 SECTION 3.20.
The Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account or Trustee Collection Account pursuant to Section 5.4.
The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account or Trustee Collection Account pursuant to Section 5.4.
Pursuant to the Purchase and Sale Agreement, any such substitution shall be accompanied by payment by the Seller of the Substitution Adjustment, if any, to the Servicer to be deposited in the Trustee Collection Account.

More Definitions of Trustee Collection Account

Trustee Collection Account means the account identified as such in the Trust Bank Accounts Agreement;

Trustee Collection Account means the account described in Clause 16 of the RSA;

Trustee Collection Account has the meaning set forth in Section 5.01 (f) of the Sale and Servicing Agreement.