Collection Account Letter Sample Clauses

Collection Account Letter. In the event an Early Amortisation Event occurs and is subsisting with respect to the Seller or the Servicer, or such an event is likely to occur (in the sole opinion of Westpac), Westpac may forward any Collection Account Letter to the Collection Bank noted in the Collection Account Letter empowering Westpac to control payments from the Collection Account.
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Collection Account Letter. In the event an Early Amortisation Event occurs and is subsisting with respect to the Seller or the Servicer, or such an event is likely to occur (in the sole opinion of the Agent), the Agent may forward any Collection Account Letter to the Collection Bank noted in the Collection Account Letter empowering the Agent to control payments from the Collection Account.