Collection Account Bank definition

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

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Collection Account Bank means the financial institution at which the Collection Account is maintained.

Collection Account Bank means, at any time, any bank at which a Collection Account or Lock-Box is maintained.

Examples of Collection Account Bank in a sentence

The Borrower shall only terminate a Collection Account Bank or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent.
The Borrower shall only add a Collection Account (or a related Lock-Box) or a Collection Account Bank to those listed on Schedule II to this Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of an Account Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank.
Neither the Borrower nor the Servicer has consented to the applicable Collection Account Bank complying with instructions of any Person other than the Administrative Agent.
The Servicer shall only terminate a Collection Account Bank or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent.
The Borrower has delivered to the Administrative Agent a fully executed Account Control Agreement relating to each Lock-Box and Collection Account, pursuant to which each applicable Collection Account Bank has agreed to comply with the instructions originated by the Administrative Agent directing the disposition of funds in such Lock-Box and Collection Account without further consent by the Borrower, the Servicer or any other Person.

More Definitions of Collection Account Bank

Collection Account Bank means the Eligible Institution selected by Lender to maintain the Collection Account.

Collection Account Bank shall have the meaning ascribed to it in Section 3.01(a).

Collection Account Bank. As defined in Section 3.02(d) hereof.

Collection Account Bank means any bank holding a Collection Account which will be an Eligible Institution appointed by the Company.

Collection Account Bank as defined in the Security Agreement.

Collection Account Bank means, with respect to the Facility, the applicable collection bank for the Facility and any successor bank hereafter selected by Borrower and reasonably approved by Lender.

Collection Account Bank means, with respect to each Non-Marriott Property, the collection bank for such Individual Property and any successor bank hereafter selected by each applicable Borrower which owns such Individual Property and approved by Lender in accordance with each Collection Account Agreement.