Collections Accounts Sample Clauses

Collections Accounts. (a) The Administrative Agent shall use commercially reasonable efforts to (i) collect all payments required under each Lease and (ii) cause each Lessee to make all payments in respect of the related Lease, accompanied by an invoice bearing the identification number of the Vehicle to which such payment relates.
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Collections Accounts. To the extent not delivered directly to a lockbox, all Items or funds received by any Borrower in respect of Accounts or the sale of Inventory or as Net Proceeds of other Collateral shall be held by such Borrower in trust for Lender, and Borrowers shall use commercially reasonable efforts to not commingle such items or funds with such Borrower’s funds, and shall be deposited promptly by such Borrower into a Collections Account or forwarded to Lender in the form received. All such Items and funds shall be the exclusive property of Lender upon the earlier of the receipt thereof by Lender or by such Borrower. With respect to those lockboxes established and maintained by Borrowers with Lender, Lender shall process all Items received into each such lockbox and deposit such Items into the applicable Borrower’s Collections Account maintained with Lender. With respect to those lockboxes established and maintained with an Acceptable Depository Institution, Borrowers shall instruct each such Acceptable Depository Institution to promptly process all Items received into each such lockbox and to transfer to Lender all monies in respect of such Items not later than the next Business Day for application to the Obligations in the same manner as Items or funds deposited in a Collections Account maintained with Lender. Subject to Section 2.9(c), Lender shall apply available balances from any Item or funds deposited into a Collections Account to the payment of Obligations in whatever order Lender shall determine.
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Collections Accounts. Upon the occurrence of a Trigger Event, all Items or funds received by Borrower in respect of Accounts or the sale of Inventory or as Net Proceeds of other Collateral shall be held by Borrower in trust for Lender, shall not be commingled with Borrower’s funds, and shall be deposited promptly by Borrower into a Collections Account or forwarded to Lender in the form received. All such Items and funds shall be the exclusive property of Lender upon the earlier of the receipt thereof by Lender or by Borrower. Lender shall promptly process all Items received pursuant to this Section 2.9(b) into each lockbox and deposit such Items into a Collections Account. Subject to Section 2.9(c), Lender shall apply available balances from any Item or funds deposited into a Collections Account pursuant to this Section 2.9(b) to the payment of Obligations in whatever order Lender shall determine.
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Collections Accounts. (i) Each Collection Account is either in the name of the SPE, or is in the name of the Originator.
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Collections Accounts. To the extent not delivered directly to a lockbox, all Items or funds received by each Borrower in respect of Accounts or the sale of Inventory or as Net Proceeds of other Collateral shall be held by such Borrower in trust for Lender, shall not be commingled with such Borrower’s funds, and shall be deposited promptly by such Borrower into a Collections Account or forwarded to Lender in the form received. All such Items and funds shall be the exclusive property of Lender upon the earlier of the receipt thereof by Lender or by Borrower. Subject to Section 2.9(c), Lender shall apply available balances from any Item or funds deposited into a Collections Account to the payment of Obligations in whatever order Lender shall determine.
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Collections Accounts. To the extent not delivered directly to a lockbox, all Items or funds received by an Obligor in respect of Accounts or as Net Proceeds of other Collateral shall be held by such Obligor in trust for Lender, shall not be commingled with such Obligor’s funds, and shall be deposited promptly by such Obligor after its receipt thereof into a Collections Account or promptly forwarded to Lender in the form received (with any necessary endorsement). All such Items and funds shall become the exclusive property of Lender upon the earlier of the receipt thereof by Lender or by such Obligor, for application to the payment of the Obligations as provided below. Lender shall promptly process all Items received into each lockbox and deposit such Items into a Collections Account. Subject to Section 2.8(c), Lender shall apply available balances from any Item or funds deposited into a Collections Account to the payment of Obligations in such order and manner as Lender, in its discretion, shall determine, until all such Obligations have been fully paid and satisfied after which Lender shall apply any balance remaining (subject to applicable law directing otherwise) into Approved Cash Investments to which Borrowers shall have access and withdrawal rights unless and until an Event of Default has occurred which is then continuing, in which case Lender alone shall control all such balances.
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Collections Accounts 
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Related to Collections Accounts

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

  • Collection Account (a) On behalf of the Trustee, the Servicer shall establish and maintain, or cause to be established and maintained, one or more Eligible Accounts (such account or accounts, the "Collection Account"), held in trust for the benefit of the Trustee. On behalf of the Trustee, the Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within one (1) Business Day after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Noteholders and the Securities Insurer:

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

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