Collection Bank Agreement definition

Collection Bank Agreement means the collection bank agreement entered into on or about the Initial Closing Date between the Collection Banks, Mortgages Trustee, Funding, the Seller and the Administrator as may be amended, restated, novated, varied or supplemented from time to time and shall include any additional and/or replacement collection bank agreement entered into by such parties from time to time in accordance with the Transaction Documents;
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Collection Bank Agreement means the Collection Account Agreement among the Company, the Administrative Agent and the Collection Bank, substantially in the form of Exhibit L.
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Collection Bank Agreement means the collection bank agreement entered into on or about the Initial Closing Date between the Collection Banks, Mortgages Trustee, Funding, the Seller and the Administrator and shall include any additional and/or replacement collection bank agreement entered into by such parties from time to time in accordance with the Transaction Documents;
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Examples of Collection Bank Agreement in a sentence

  • The Company shall during the term of this Agreement maintain the existing cash management system including its network of Lockbox, Collection Deposit Account and Concentration Account pursuant to the Collection Bank Agreement and the Concentration Bank Agreement.

  • On the Initial Borrowing Date, the Administrative Agent shall have received fully executed copies of the Collection Bank Agreement and the Concentration Account Agreement, each of which shall be in full force and effect.

  • The Borrower shall not, and shall not permit any of its Subsidiaries that are not Joint Ventures to, deposit any amount into a Deposit Account that is the subject of a Collection Bank Agreement that does not represent proceeds of Collateral.

  • Neither the Company nor any of its Subsidiaries has or maintains any bank or other account containing or receiving proceeds of the Collateral except the Collection Deposit Account and the Concentration Account disclosed in the Collection Bank Agreement and the Concentration Bank Agreement (including the schedules thereto), and accounts in connection with the granting of liens permitted under Section 8.01(u).

  • Pursuant to the applicable Collection Bank Agreement, upon the occurrence of a Termination Event, the Agent (for the benefit of the Purchaser) shall have sole dominion and control over each Collection Account, including the ability to exercise all rights with respect thereto, including without limitation, the exclusive right to receive all Collections deposited therein, subject to the second sentence of Section 1.4(b)(i)(G) and the first sentence Section 1.4(c) of this Agreement.

  • On the Restatement Effective Date, the Agents shall have received fully executed copies of the Collection Bank Agreements, the Concentration Account Agreements, the Fleet Collection Bank Agreement and the Fleet Collection Account Acknowledgment, each of which shall be in full force and effect.

  • On the Closing Date, the Seller shall enter into a Collection Bank Agreement in form and substance satisfactory to the Agent covering each Collection Account with the related Collection Bank, and deliver original counterparts thereof to the Agent.

  • Pursuant to the applicable Collection Bank Agreement, upon the occurrence of a Termination Event, the Seller shall not have any ability to control or direct the application of any Collections deposited in the Collection Accounts.

  • On each Originator Business Day after the Closing Date, all amounts (except for any minimum balance set forth in the applicable Collection Bank Agreement) on deposit in each Originator Account shall be remitted by the Originator (or the related Servicer on its behalf, acting in continued compliance with all of its obligations under the Servicing Agreement) to the relevant Collection Account (established by the Seller pursuant to Section 4.3(b)) identified on Schedule II hereto.

  • The Company shall during the term of this Agreement maintain the existing cash management system including its network of Retail Accounts, Lockbox, Collection Deposit Account and Concentration Account pursuant to the Collection Bank Agreement and the Concentration Bank Agreement.


More Definitions of Collection Bank Agreement

Collection Bank Agreement shall have the meaning given to such term in Section 2.6(b)(i).
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Collection Bank Agreement means any agreement between the Company, the Agent, and any Collection Bank, in form and substance reasonably satisfactory to the Agent, as any such agreement may be amended, supplemented, restated, or otherwise modified from time to time in accordance with the provisions hereof or thereof.
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Related to Collection Bank Agreement

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

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

  • Bank Agreement means an agreement made by the Trustee with a Bank of a kind referred to in Clause 14(5);

  • Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Lockbox Agreement means each agreement between a Borrower and a Clearing Bank concerning the establishment of a Lockbox for the collection of Receivables.

  • Lock-Box Agreement With respect to any Mortgage Loan or Serviced Loan Combination, the lock-box or other similar agreement, if any, between the related originator(s) and the Mortgagor, pursuant to which the related Lock-Box Account, if any, may have been established.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Blocked Account Agreement means with respect to an account established by a Loan Party, an agreement, substantially in the form of Exhibit L hereto or otherwise in form and substance reasonably satisfactory to the Collateral Agent, establishing Control (as defined in the Security Agreement) of such account by the Collateral Agent and whereby the bank maintaining such account agrees, during any Cash Dominion Trigger Period, to comply only with the instructions originated by the Collateral Agent without the further consent of any Loan Party.

  • Account Agreement means the agreements for the operation of the Account.

  • Disbursement Agreement means, on any date, the Disbursement Agreement, as originally in effect on the Closing Date, among the Borrower, Holdings, the Administrative Agent, the Discount Note Indenture Trustee, the Disbursement Agent, the Servicing Agent and the Securities Intermediary and as thereafter from time to time amended, supplemented, amended and restated or otherwise modified.

  • Fiscal Agent Agreement As defined in Section 8.13.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Auction Agent Agreement means the Initial Auction Agent Agreement unless and until a Substitute Auction Agent Agreement is entered into, after which "Auction Agent Agreement" shall mean such Substitute Auction Agent Agreement.

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Collateral Administration Agreement An agreement dated as of the Closing Date among the Issuer, the Collateral Manager and the Collateral Administrator, as amended from time to time in accordance with the terms thereof.

  • GE Capital Fee Letter means that certain letter, dated as of the Closing Date, between GE Capital and Borrower with respect to certain Fees to be paid from time to time by Borrower to GE Capital.

  • Calculation Agent Agreement means the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the Calculation Agent, as amended from time to time.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Lockbox Agreements means collectively, the Lockbox Account Agreement and the Lockbox Processing Agreement.

  • Blocked Account Agreements has the meaning set forth in Section 2.22(c).

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.