Collection Account definition

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

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

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

• The Portfolio Manager on behalf of the Issuer may direct the Collateral Trustee to transfer amounts on deposit in the Collection Account representing Principal Proceeds to the Revolver Funding Account to meet funding requirements with respect to Delayed Drawdown Collateral Obligations, Revolving Collateral Obligations, Restructured Loans, Workout Loans and Workout Securities.

• Any income earned on amounts deposited in the Ramp-Up Account will be deposited in the Collection Account as Interest Proceeds.

• Upon receipt of notice of such designation, the Collateral Trustee will designate such Designated Principal Proceeds as Interest Proceeds in the Collection Account.

• The Issuer shall provide the Target Initial Par Balance as of such date immediately following such deposit into the Collection Account on the next Monthly Report.

• Subject to Sections 10.2(d) and 10.2(f), amounts in the Collection Account shall be reinvested pursuant to Section 10.6(a).

More Definitions of Collection Account

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

Collection Account means the trust account established and maintained pursuant to Section 4.1 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 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.

Collection Account means the account or accounts established under Section 4.1(a) of the Sale and Servicing Agreement.

Collection Account means the account established and maintained by the Indenture Trustee in accordance with Section 8.02(a) of the Indenture and any subaccounts contained therein.