Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.
Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.
Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.
Examples of Collection Account Agreement in a sentence
If such date of determination is on or after the Post-Closing Date, the Borrower has delivered to the Administrative Agent a fully executed Collection Account Agreement relating to each Collection Account, pursuant to which the applicable Collection Account Bank has agreed to comply with the instructions originated by the Administrative Agent directing the disposition of funds in such Collection Account without further consent by the Borrower, the Servicer, any Originator or any other Person.
More Definitions of Collection Account Agreement
Collection Account Agreement means with respect to each Collection Account and Lock-Box, if applicable, a valid and enforceable agreement in form and substance reasonably satisfactory to the Agent, among the Seller, the Servicer, the Agent and any Collection Bank, whereupon the Seller, as sole owner of the related Collection Account and the customer of the related Collection Bank in respect of such Collection Account, shall transfer to the Agent exclusive dominion and control over and otherwise perfect a first-priority security interest in, such Collection Account and the cash, instruments or other property on deposit or held therein.
Collection Account Agreement has the meaning provided in the Receivables Sale Agreement.
Collection Account Agreement means, with respect to each Collection Account, a deposit account control agreement (or similar agreement), among the Seller, the Servicer, the Administrator and a Bank providing the Administrator with control of such Collection Account and the right to assume exclusive control of such Collection Account.
Collection Account Agreement means a written agreement among the Borrower, the Agent, and, as applicable, each of the banks at which the Borrower maintains a Collection Account.
Collection Account Agreement means, in the case of any actual or proposed Collection Account, an agreement in substantially the form of EXHIBIT V hereto.
Collection Account Agreement has the meaning set forth in Section 2.11(b).
Collection Account Agreement means an agreement substantially in the form of Exhibit VI among CRF I, Servicer, Seller, the Administrative Agent and a Collection Bank.