Collection Account definition

Collection Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

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

Collection Account means the “collection account” or sub-account thereof, established under the Servicing Agreement for the purpose of servicing the Mortgage Loan.

Examples of Collection Account in a sentence

• All subscriptions (including subscriptions received in advance of the issue of Shares) attrib utable to, and all redemptions or cash distributions payable from a Portfolio will be channelled and managed through that Portfolio’s Cash Collection Account.

• Monies in the Cash Collection Account will be taken into account in the calculation of the NAV, and assessing compliance with investment restrictions b y the relevant Portfolio.

• Pending the issue of Shares, and pending payment of redemption proceeds o r distributions, such monies in the Cash Collection Account are assets of the relevant Portfolio, and the relevant investor will be an unsecured creditor of the Portfolio in respect of amounts paid by or due to it.

• Failure to provide the necessary complete and accurate documentation, and or to make payment into the correct Cash Collection Account, is at the investor’s risk.

• Where subscription monies are received in a Cash Collection Account without sufficient documentation to identify the investor, such monies shall be returned to the relevant investor within 5 days.

More Definitions of Collection Account

Collection Account means the account designated as such, established and maintained pursuant to Section 5.1(a) of the Sale and Servicing Agreement.

Collection Account means the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

Collection Account. A separate account established and maintained by the Master Servicer pursuant to Section 4.01.

Collection Account means the trust account established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

Collection Account. As defined in Section 3.10(a).

Collection Account means the account or accounts established and maintained as such pursuant to Section 4.1(a) of the Sale and Servicing Agreement.

Collection Account means each concentration account, depositary account, lock-box account or similar account in which any Collections are collected or deposited and which is listed on Exhibit IV.