USD Interest Collection Account definition

USD Interest Collection Account has the meaning assigned to such term in Section 8.02(a).
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USD Interest Collection Account means the account(s) designated as the "USD Interest Collection Account" established by the Securities Intermediary and set forth on the Transaction Schedule for the deposit of Interest Proceeds denominated in USD, and any successor accounts established in connection with the resignation or removal of the Securities Intermediary.
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USD Interest Collection Account for the deposit of USD in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “USD Principal Collection Account”: A collective reference to each Securities Account (and any sub-account) created and maintained on the books and records of the Securities Intermediary entitled “USD Principal Collection Account” for the deposit of USD in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “USD Required Advance Reduction Amount”: As of any date of determination, an amount equal to the greater of (a)(i) Advances Outstanding denominated in USD on such day minus (ii) the USD Borrowing Base on such day and (b) zero. “USD Unfunded Exposure Account”: A collective reference to each Securities Account (and any sub-account) created and maintained on the books and records of the Securities Intermediary entitled “USD Unfunded Exposure Account” for the deposit of USD in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “USD Weighted Average Advance Rate”: As of any date of determination with respect to all Eligible Portfolio Assets denominated in Dollars on such date, (a) the sum of the products for each such Eligible Portfolio Asset of (i) such Eligible Portfolio Asset’s Advance Rate and (ii) such Eligible Portfolio Asset’s OLB minus the portion (if any) of such Eligible Portfolio Asset’s OLB that is included in the Excess Concentration Amount divided by (b) the sum for each such Eligible Portfolio Asset of each such Eligible Portfolio Asset’s OLB minus the portion (if any) of such Eligible Portfolio Asset’s OLB that is included in the Excess Concentration Amount on such date, provided that the USD Weighted Average Advance Rate for the Portfolio shall not, at any time, exceed the Maximum Advance Rate. “U.S. Bank”: The meaning specified in the Preamble. “U.S. Government Securities Business Day”: Any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association BUSINESS.32224493.
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Examples of USD Interest Collection Account in a sentence

  • The Company shall notify the obligor (or the relevant agent under the applicable Underlying Instruments) with respect to each Portfolio Investment to remit all amounts that constitute Interest Proceeds to the USD Interest Collection Account; provided that Interest Proceeds denominated in a Permitted Non-USD Currency shall be deposited into the applicable Permitted Non-USD Currency Account.

  • The Company hereby appoints the Securities Intermediary and has directed the establishment of, and the Securities Intermediary hereby acknowledges that it has established, each of the Custodial Account, the USD Principal Collection Account, the USD Interest Collection Account, the Cure Account and the Unfunded Exposure Account (such accounts collectively, the "USD Collateral Accounts") and the Permitted Non-USD Currency Accounts.

  • Interest Proceeds on deposit in the USD Interest Collection Account and each Permitted Non-USD Currency Account shall be withdrawn by the Collateral Agent (at the written direction of the Company or the Servicer on its behalf (or, following the occurrence and during the continuation of an Event of Default, the Administrative Agent)) and applied to make payments in accordance with this Agreement or to make Permitted Distributions or Permitted RIC Distributions as permitted by this Agreement.

  • All Interest Proceeds shall be retained in the USD Interest Collection Account, the Euro Interest Collection Account or the GBP Interest Collection Account, as applicable, and invested (and reinvested) at the written direction of the Investment Manager (or, if a Coverage Event has occurred or an Event of Default has occurred and is continuing, the Administrative Agent) in Eligible Investments.

  • Interest Proceeds on deposit in the USD Interest Collection Account and each Permitted Non-USD Currency Account shall be withdrawn by the Collateral Agent (at the written direction of the Company or the Servicer on its behalf (or, following the occurrence and during the continuation of an Event of Default, the Administrative Agent)) and applied to make payments in accordance with this - 66 - Agreement or to make Permitted Distributions or Permitted RIC Distributions as permitted by this Agreement.

  • All Interest Proceeds shall be retained in the USD Interest Collection Account, the Euro Interest Collection Account, the GBP Interest Collection Account or the designated Permitted CAD Account, as applicable, and invested (and reinvested) at the written direction of the Investment Manager (or, if a Coverage Event has occurred or an Event of Default has occurred and is continuing, the Administrative Agent) in Eligible Investments.

  • The District is not required to furnish a statement of the reason(s) why a bid/quote was not deemed to be the most advantageous nor will it be required to furnish any information regarding the RFQ.

  • If any amounts are needed for disbursement from the USD Principal Collection Account or the USD Interest Collection Account and sufficient uninvested funds are not available therein to make such disbursement, the Collateral Agent shall cause to be sold or otherwise converted to cash a sufficient amount of the investments in such account to make such disbursement in accordance with and upon the written direction of the Servicer or, if the Servicer shall fail to give such direction, the Facility Agent.


More Definitions of USD Interest Collection Account

USD Interest Collection Account has the meaning ascribed to it in Section 8.01(a). "USD Principal Collection Account" has the meaning ascribed to it in Section 8.01(a). "U.S. Bank" has the meaning ascribed to it in the preamble. "U.S. Bank Agent" has the meaning ascribed to it in Section 9.01.
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Related to USD Interest Collection Account

  • 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.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

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

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

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

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

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

  • Finance Charge Account is defined in Section 4.9(a).

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Investor Interest Collections means, for a Deposit Date or Collection Period, an amount equal to the product of (a) the Floating Investor Percentage for the related Collection Period, times (b) the Interest Collections for that Deposit Date or Collection Period, as applicable.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Note Account As defined in the Indenture.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

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

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Reallocated Class B Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsection 4.12(a) in an amount not to exceed the product of (a) the Class B Investor Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

  • Principal Collections means Collections of Principal Receivables.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).