Collection Accounts definition
Examples of Collection Accounts in a sentence
The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Collection Accounts shall be in accordance with the provisions of - 161 - Sections 2.2(c), 6.4, 8.2 and 9.1, including, for the avoidance of doubt, to make Permitted RIC Distributions in accordance with this Agreement.
The Servicing Agreement shall provide that the Master Servicer shall establish and maintain the Collection Account or Collection Accounts, as applicable.
The Collection Accounts shall remain at all times with an Eligible Account Bank.
All Monies deposited from time to time in the Collection Accounts pursuant to this Agreement shall be held by the Collateral Agent as part of the Collateral and shall be applied for the purposes herein provided.