Central Collection Account definition

Central Collection Account means an account:
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Examples of Central Collection Account in a sentence

  • The aim is to improve operational efficiency and effectiveness contributing toward appropriate internal controls, transparency and accountability to program participants, donors and stakeholders.

  • Sr.No. NITNo. Item Description Estimated Cost (Rs.)Amount (Inclusive of EMD, tender fee and tender processing fee) required to be deposited through Single online transaction through NEFT/RTGS, in the Central Collection Account of the RVUNL 1.

  • For rental collected in respect of the Northern Properties, transfer to the Northern Central Collection Account will occur after payment of business tax and URET during the Local Tax Cycle.

  • For the Northern Properties, business tax and URET have to be paid from the Local Collection Accounts before rental collection can be transferred to the Northern Central Collection Account.

  • Due to system deficiency in follow-up of transfer of funds, the remittances amounting to Rs.1.69 crore made by the Company’s sales depots in the designated banks during the period 1992-93 to 1999-2000 were actually accounted in the Central Collection Account only on 30 March 2002.

  • For the avoidance of doubt, such account of an Offshore Group Member may be the same account as the Central Collection Account of such Offshore Group Member.

  • For the Southern Properties (where payment of business tax and URET can be made from the Southern Central Collection Account), the Collection Agents can, upon receipt into the Local Collection Accounts, arrange for the transfer of rental collections to the Southern Central Collection Account without any significant delays.

  • Thus, the persistent system deficiency in reconciliation and follow-up of remittances to Central Collection Account resulted in avoidable interest loss of Rs. 1.22 crore.

Related to Central Collection Account

  • 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 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.

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

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collection Accounts As defined in Section 3.10(a).

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

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Concentration Account has the meaning provided in Section 6.13(c).

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

  • 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 Account is defined in Section 4.9(a).

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

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

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Principal Collections means Collections of Principal Receivables.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Administration Account As defined in Section 7.02.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.