UK Collection Account definition

UK Collection Account means the account of JohnsonDiversey UK Limited number 11289969, sort code 18-50-08 held with the UK Collection Account Bank or such other account as the parties may designate in writing from time to time.

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UK Collection Account means each Collection Account maintained in the name of the Cayman Seller, so long as such Collection Account is subject to English law.

UK Collection Account has the meaning provided in Section 6.12.

Examples of UK Collection Account in a sentence

Other than the Administrator (after the UK Collection Account Date), the owner of each UK Originator Collection Account has not granted “control” (as defined in Section 9-104 of the UCC) over any UK Originator Collection Account to any Person.
All such payments shall be made in cash to a UK Collection Account unless otherwise agreed by the Administrator.
Such SPE has delivered a copy of all Collection Account Agreements to the Administrator (after the UK Collection Account Date, in the case of any UK Collection Account and any UK Originator Collection Account).
On and after the UK Collection Account Date, the UK SPE (or the UK Servicer (or the applicable UK Originator at the direction of the UK Servicer) on its behalf) will maintain or cause to be maintained standing instructions in full force and effect with each applicable Collection Account Bank to sweep all available funds in each UK Originator Collection Account to a UK Collection Account on each Business Day.
On or prior to the Closing Date (or, in the case of any UK Collection Account, after the UK Collection Account Date), the SPEs shall have entered into Collection Account Agreements with all of the Collection Account Banks covering each Collection Account and delivered original counterparts of each to the Administrator.

More Definitions of UK Collection Account

UK Collection Account shall have the meaning set forth in Section 4.8(d) hereof.

UK Collection Account shall have the meaning ascribed to it in the Deed of Trust and Charge.

UK Collection Account means each account established at a UK Collection Bank subject to a Control Agreement into which funds shall be transferred as provided in Section 2.15(a)(ii).

UK Collection Account means each account of the UK SPE designated by the Administrator as the UK Collection Account in connection with the opening of such account, and as shall be listed as a UK Collection Account on Schedule II to this Agreement (as such schedule may be modified from time to time in connection with the closing or opening of any UK Collection Account in accordance with the terms hereof) (in each case, in the name of the UK SPE) and, from and after the UK Collection Account Date, maintained at a bank or other financial institution acting as a Collection Account Bank pursuant to a Collection Account Agreement for the purpose of receiving Collections or sweeps of Collections from the UK Originator Collection Accounts.

UK Collection Account shall have the meaning specified in Article 5(c).

UK Collection Account means the Collection Account established by the Assignee with Citibank, N.A. (London) and listed as such on Schedule II to the Receivables Purchase Agreement.

UK Collection Account means each account listed as a UK Collection Account on Schedule II to this Agreement (as such schedule may be modified from time to time in connection with the closing or opening of any UK Collection Account in accordance with the terms hereof) (in each case, in the name of the Person specified as the account holder at the Collection Account Bank specified on Schedule II) and maintained at a bank or other financial institution acting as a Collection Account Bank pursuant to an Account Control Agreement for the purpose of receiving Collections.