Collection Account Banks definition

Collection Account Banks means the banks or other financial institutions holding the Collection Accounts.

Collection Account Banks means the Local Collection Account Banks and the Offshore Collection Account Banks.

Collection Account Banks means financial institutions acceptable to each of the Borrower and the Administrative Agent and which maintains the Collection Accounts. The initial Collection Account Banks are BMO and RBC.

Examples of Collection Account Banks in a sentence

• Prior to the Closing Date, the Borrower shall have entered into Account Control Agreements with all of the Collection Account Banks and delivered executed counterparts of each to the Administrative Agent.

• With respect to each Non-Marriott Property, each applicable Borrower, the Operating Lessee, each Manager and the relevant Collection Account Banks shall have executed and delivered the Collection Account Agreements and shall have delivered an executed copy of such Agreement to Lender.

• Prior to the Closing Date, the Seller shall have entered into Account Control Agreements with all of the Collection Account Banks and delivered executed counterparts of each to the Administrative Agent.

• Prior to the Closing Date, the Borrower shall have entered into Collection Account Control Agreements with all of the Collection Account Banks and delivered executed counterparts of each to the Administrative Agent.

• The names and addresses of all the Collection Account Banks together with the account numbers of the Collection Accounts at such Collection Account Banks and the address of each associated Lock-Box, are specified in Schedule II to this Agreement (or at such other Collection Account Banks and/or with such other Collection Accounts or associated Lock-Boxes as have been notified to the Administrator), and all Collection Accounts are Eligible Collection Accounts or Transition Collection Accounts.

More Definitions of Collection Account Banks

Collection Account Banks means the account banks listed in Part 2 of Schedule 1 (Collection Bank Account) under the column "Account Bank";

Collection Account Banks means each of the banks listed in Part 2 of Schedule 1 with which a Collection Account is held or such other branch or bank at which a Collection Account is, with the prior written consent of the Operating Agent, opened or maintained from time to time.

Collection Account Banks means the Dutch Collection Account Banks, the English Collection Account Bank and the US Collection Account Bank;

Collection Account Banks means the account banks listed in Part 2 of Schedule 1 (Collection Bank Account) under the column "Account Bank"; "Collection Account Notice" means a notice in the form set out in Part 2 of Schedule 4 (Form of Notice of Charge for Collection Bank Accounts ); "Collection Bank Accounts" means the accounts listed in Part 2 of Schedule 1 (Collection Bank Account) held by the Company with the bank or banks specified in Part 2 of Schedule 1 (Collection Bank Account) and any other bank account maintained by the Company with any financial institution as the Collateral Agent may from time to time designate in writing as a Collection Bank Account, including in each case any redesignation or renewal thereof and all balances now or hereafter standing to the credit of any such account including all interest from time to time thereon, the debt represented thereby and all rights in relation thereto (but "Collection Bank Accounts" shall exclude, for the avoidance of doubt, the Excluded Assets); "Credit Claims" means credit claims within the meaning of the Financial Collateral Arrangements (No 2) Regulations 2003; "Delegate" means a delegate or subdelegate appointed pursuant to Clause 0 (15.The Collateral Agent's RIGHTS); "Disputes" means any disputes which may arise out of or in connection with this Deed (including regarding its existence, validity or termination); "Enforcement Event" has the meaning set out in Clause 0 (12. ENFORCEMENT); "Equipment" means plant, machinery, equipment (including office equipment), vehicles, computers and other chattels of any kind (but excluding any from time to time which are part of the Company's stock in trade or work in progress) now or hereafter owned by the Company or in its possession and all proceeds of sale or other disposal thereof, all moneys paid or payable in respect thereof, rights under any agreement, Security Interest or guarantee in relation thereto and all other rights in relation thereto, and "Equipment" includes any part of any of them (but "Equipment" shall exclude, for the avoidance of doubt, the Excluded Assets); "Excluded Assets" means: (a) the "Excluded Assets" as defined in the Loan Agreement; (b) £17,956, together with accrued interest thereon, deposited with Ashville (Tewkesbury) Limited pursuant to a Rent Deposit Deed dated 3 January 2007; (c) the amount, together with accrued interest thereon, deposited with Tewkesbury Investments Limited pursuant to a Rent Deposit Deed dated 11 January 2011; (d) all present a...

Collection Account Banks means each of the banks set out in the Second Schedule or such other banks as may for the time being be nominated by the Seller and/or the Servicer in addition thereto or substituted therefor;

Collection Account Banks means, as the context requires, all or any one of the Austrian Collection Account Banks, the Belgian Collection Account Banks, the French Collection Account Banks, the German Collection Account Banks, the Italian Collection Account Banks and the Spanish Collection Account Banks.

Collection Account Banks means Banca Antoniana Popolare Veneta S.p.A., Banca Nazionale del Lavoro S.p.A. , Banca Popolare dell'Emilia Romagna S.c.a.r.l., Banca Popolare di Verona e Novara S.c.r.l. and Banca Monte dei Paschi di Siena S.p.A. and any successor or other Collection Account Bank appointed by the Issuer from time to time with the consent of the Trustee;