Examples of Collection Accounts in a sentence
The Management has opened project specific Collection Accounts and the installment amounts shall be credited to the said specific accounts only to allay any apprehensions about diversion of amounts paid by them to other projects.
Subscriptions monies received in respect of a Fund in advance of the issue of Shares will be held in the Umbrella Cash Collection Account or Fund Cash Collection Accounts, as applicable, in the name of the relevant Fund, as applicable.
The procedures governing the Non-USD Collection Accounts set forth in the Exhibit attached hereto shall be added as Exhibit B (as may be amended from time to time) to the Securities Account Control Agreement and shall be incorporated therein and made a part thereof.
The Collection Accounts are manually swept into a central account (the “Converge Operating Account”) each Friday and often several additional times per week, depending on the timing of customer receivables.
The Pepper Administrator (on behalf of the Pepper Legal Title Holder) shall transfer or procure to be transferred all such amounts received by it into the Pepper Collection Accounts to the Transaction Account.