Collection Bank definition

Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

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

Collection Bank means any of Barclays, acting through its branch at Percy Street, Newcastle upon Tyne NE99 1JP and Lloyds TSB acting through its branch at City Office, Bailey Drive, Gillingham Business Park, Kent ME8 0LS and/or such other banks as may be appointed from time to time under and in accordance with the Transaction Documents;

Examples of Collection Bank in a sentence

The Collateral Agent (acting at the direction of the Requisite Lenders) is authorized to date and to deliver to each Collection Bank a Notice of Exclusive Control after the occurrence and during the continuance of an Amortization Event.
None of the Borrower, the Investment Manager, the U.S. Intermediate Transferor, Servicers or the Originators has consented to the applicable Collection Bank complying with instructions from any Person other than the Originators, Servicers, Investment Manager and Collateral Agent in respect of any Collection Account.
Each Collection Account shall be subject to a Control Agreement pursuant to which each applicable Collection Bank may be directed, following an Amortization Event, to comply with the instructions originated by the Collateral Agent directing the disposition of funds in such Collection Account without further consent by the Borrower, the Investment Manager, the U.S. Intermediate Transferor, any Servicer, any Originator or any other Person.

More Definitions of Collection Bank

Collection Bank means any of the banks holding one or more Collection Accounts or Lockboxes.

Collection Bank as defined in subsection 4.16(c).

Collection Bank has the meaning provided in the Receivables Sale Agreement.

Collection Bank means, at any time, any of the banks holding one or more Blocked Accounts.

Collection Bank means any of Barclays, acting through its branch at Percy Street, Newcastle upon Tyne NE99 1JP and Lloyds TSB acting ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ Drive, Gillingham Business Park, Kent ME8 0LS and/or such ▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇nder and in accordance with the Transaction Documents;

Collection Bank shall have the meaning provided in Section 5.03(b).

Collection Bank means each of the banks listed in Schedule C hereto, as amended from time to time in accordance with Section 4.07(c), at which one or more Lock-boxes and/or Suspense Accounts and/or Collection Accounts are maintained.