Collection Banks definition

Collection Banks means (a) any Eligible Institution(s) designated by Mortgage Borrower as Collection Bank and reasonably approved by Lender from time to time in accordance with the terms hereof, or (b) any other financial institution otherwise reasonably approved by Lender and, if a Securitization has occurred, with respect to which a Rating Agency Confirmation has been obtained.

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

Collection Banks as defined in Section 2.21(a).

Examples of Collection Banks in a sentence

• The names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts of Seller at each Collection Bank and the post office box number of each Lock-Box, are listed on Exhibit IV.

• The Escrow Collection Banks shall not exercise any lien whatsoever over the monies deposited therein.

• Accordingly, Applicants are requested to note that they must submit Application Forms to Trading Members who are located in towns/ cities which have at least one banking branch of the Escrow Collection Banks.

• Failure to do so may result in delays in dispatch of refund orders or refunds through electronic transfer of funds, as applicable, and any such delay may be at the Anchor Investors’ sole risk and neither the Issuer, the Registrar to the Offer, the Escrow Collection Banks, or the Syndicate, may be liable to compensate the Anchor Investors for any losses caused to them due to any such delay, or liable to pay any interest for such delay.

• The Escrow Collection Banks shall not exercise any lien whatsoever over the monies deposited therein and shall hold the monies therein in trust for the Applicants.

More Definitions of Collection Banks

Collection Banks has the meaning set forth in SECTION 4.11.

Collection Banks means each U.S. Collection Bank, each Canadian Collection Bank and each European Collection Bank.

Collection Banks has the meaning set forth in Section 4.11.

Collection Banks means, collectively, the U.S. Collection Banks and the Canadian Collection banks.

Collection Banks means initially Banco Nacional de Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Banamex, and BBVA Bancomer, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Bancomer, and later, upon execution of this Agreement, HSBC Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero, shall become a Collection Bank, in accordance with Clause 2 of this Agreement (where Maxcom has opened Collection Accounts under the Fund Concentration Agreements, which banks are authorized by Maxcom to receive payments in favor of Maxcom derived from the telecommunication services rendered by Maxcom to its clients), as well as any other banks in which accounts are open or incorporated in accordance with this Agreement.

Collection Banks has the meaning specified therefor in Section 2.15(a)(iv).

Collection Banks. 3.5 "Records" 6.5 "Collection Accounts" 3.5 "Start Date" 2.9(b) "Default" 9.1 "Subordinated Debt" 6.6 "Default Rate" 2.9(a) "Tangible Net Worth" 6.6 "Eligible Account" 2.4(b) "UCC" 1.1 "Eligible Inventory" 2.4(c) "Working Capital Loans" 2.2 "ERISA" 6.6