Collection Account Bank definition

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

Collection Account Bank means the bank holding the Collection Account.

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

Examples of Collection Account Bank in a sentence

• The Administrative Agent hereby agrees that until such time as it exercises its right to take exclusive dominion and control of any Concentration Account or any Collection Account under Section 7.05(d), the applicable Concentration Account Bank or Collection Account Bank shall be entitled to follow the instructions of the Borrower, or the Administrative Agent on behalf of the Borrower, with respect to the withdrawal, transfer or payment of funds on deposit in such Account.

• Certain Originators have established with a Collection Account Bank one or more Originator Collection Accounts, each subject to a fully executed Collection Account Agreement.

• The Master 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 Seller 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 Seller (or the Master Servicer on its behalf) will cause each Collection Account Bank to comply with the terms of each applicable Control Agreement.

More Definitions of Collection Account Bank

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

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

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.

Collection Account Bank means U.S. Bank National Association, in its capacity as bank with respect to the Collection Account Control Agreement.