U.S. Collections definition

U.S. Collections means, with respect to each Weekly Collection Period, all amounts received by or for the account of the U.S. Securitization Entities in each case during such Weekly Collection Period, including (without duplication):

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U.S. Collections shall have the meaning ascribed to it in Section 3.01.

U.S. Collections means, Collections received with respect to any U.S. Pool Receivable.

Examples of U.S. Collections in a sentence

• In the event that any funds not constituting U.S. Collections are incorrectly deposited in any Account in the United States, the Manager shall promptly withdraw such amounts after obtaining Actual Knowledge thereof and shall pay such amounts to the Person legally entitled to such funds.

• The Investment Income (net of losses and expenses) available on deposit in such Management Accounts will be withdrawn on, as applicable, each Currency Conversion Opt-Out Weekly Allocation Date or Weekly Calculation Date immediately preceding a Currency Conversion Weekly Allocation Date, in each case, for deposit to the U.S. Collection Account for application as U.S. Collections on such Weekly Allocation Date.

• By 12:00 p.m. (New York City time) on the fourth (4th) Business Day following the last day of a Weekly Collection Period for a Currency Conversion Weekly Allocation Date, the Managers will provide to the Trustee and the Servicer a statement substantially in the form of Exhibit B directing the FX Agent to settle a Currency Conversion that will result in a specified amount of U.S. Collections or Canadian Collections (each, a “FX Exchange Report”) on such Weekly Allocation Date.

More Definitions of U.S. Collections

U.S. Collections means, in relation to the Unpaid Balance of a Receivable:

U.S. Collections means, with respect to each Weekly Collection Period, all amounts received by or for the account of the U.S. Securitization Entities in each case during such Weekly Collection Period, including (without duplication): (i) all Franchisee Payments, Product Sourcing Payments, rebates, payments and fees received from insurance companies in respect of franchisee referrals, purchasing rebates, vendor listing fees and claims management services, in each case deposited into the applicable Concentration Account during such Weekly Collection Period; (ii) sublease revenue received in respect of locations that were formerly Securitization- Owned Locations; (iii) cash revenues, credit card proceeds and debit card proceeds generated by any Product Sourcing Business, any Claims Management Business, Take 5 Company Locations and other Securitization-Owned Locations and any proceeds of the initial sale of gift cards generated by Take 5 Company Locations and other Securitization-Owned Locations; (iv) without duplication of clause (i) above, all amounts received in respect of the Securitization IP, including (x) amounts received under the IP License Agreements and other license fees (including synthetic company-owned royalties from Securitization-Owned Locations and synthetic royalties from other company-owned locations, including certain Take 5 Company Locations, that are not Securitization-Owned Locations), and (y) recoveries from the enforcement of the Securitization IP; (v) all Indemnification Amounts, Release Prices, Insurance/Condemnation Proceeds, Asset Disposition Proceeds and (without duplication) all other amounts received upon the disposition of the Collateral, including proceeds received upon the disposition of property expressly excluded from the definition of “Asset Disposition Proceeds”, in each case that are required to be deposited into the applicable Concentration Account or the applicable Collection Account; (vi) any Investment Income earned on amounts on deposit in the Accounts; (vii) any equity contributions made to the Issuer (directly or indirectly) (provided that the applicable Non-Securitization Entity may elect to have any such contributions applied directly to the Trustee in connection with any optional prepayment of the Notes); (viii) to the extent not otherwise included above, all Excluded Amounts;