Collection Accounts definition

Collection Accounts. As defined in Section 3.10(a).
Collection Accounts. The accounts established and maintained by a Servicer in accordance with Section 3.05.
Collection Accounts have the meanings specified therefor in Section 8.01(a).

Examples of Collection Accounts in a sentence

  • The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection Account or Collection Accounts, as applicable.

  • As provided in the Agreement, withdrawals from the Collection Accounts and the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

  • As provided in the Trust Agreement, withdrawals from the Collection Accounts, the Certificate Account and related accounts shall be made from time to time for purposes other than distributions to Holders, such purposes including reimbursement of Advances made, or certain expenses incurred, with respect to the Mortgage Loans and administration of the Trust.

  • Notwithstanding the foregoing, one of the Collection Accounts established by WMMSC shall be an Investment Account.

  • If on any Determination Date, the Trustee determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Collection Accounts and Certificate Account, the Trustee shall promptly send a final distribution notice to each Certificateholder.


More Definitions of Collection Accounts

Collection Accounts shall have the meaning set forth in Section 4.14(g) hereof.
Collection Accounts means, collectively, the U.S. Collection Accounts, the Canadian Collection Accounts and the Dutch Collection Accounts.
Collection Accounts. The trust accounts so designated and established pursuant to Section 10.2(a) hereof.
Collection Accounts means the accounts established and maintained by the Company in accordance with the Collection Account Agreements and into which Collections shall be deposited.
Collection Accounts means, collectively, the Cariparma Collection Accounts, the Carispe Collection Accounts, the BPF Collection Accounts.
Collection Accounts means, as the context requires, all or any one of the Canadian Collection Accounts, Dutch Collection Accounts, French Collection Accounts, German Collection Accounts, Hungarian Collection Accounts, Italian Collection Accounts, Portuguese Collection Accounts, Spanish Collection Accounts or U.S. Collection Accounts.
Collection Accounts means the Interest Collection Account and the Principal Collection Account.