Collection Foundation definition

Collection Foundation means in respect of (i) Quion 30 B.V. and Hypinvest Hypotheken B.V., Stichting Hypotheek Ontvangsten, (ii) NIBC Direct Hypotheken B.V. and Hypinvest B.V., Stichting Ontvangsten Hypotheekgelden and (iii) Lot Hypotheken B.V., Stichting Ontvangsten Hypotheekgelden Lot;
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Collection Foundation has the meaning specified in Section 2.1(b).
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Collection Foundation means Stichting Tulpenhuis Ontvangsten, established under Dutch law as a foundation (stichting), having its official seat (statutaire zetel) in Amsterdam, the Netherlands and registered with the Trade Register under number 64383628.
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Examples of Collection Foundation in a sentence

  • Such rights of pledge are governed by Dutch law and have been notified to the Collection Foundation Accounts Provider.

  • The objectives clause included in the articles of association (statuten) of the Collection Foundation is limited to collecting, managing and distributing amounts received on the Collection Foundation Accounts to the persons who are entitled to receive such amounts pursuant to the Receivables Proceeds Distribution Agreement.

  • The Collection Foundation will enter into the Collection Foundation Accounts Pledge Agreement, see section 4.7 (Security).

  • On or before the Closing Date, the Issuer will become a party to the Receivables Proceeds Distribution Agreement under which, inter alia, the Collection Foundation undertakes to transfer all amounts received on the Collection Foundation Account in respect of the Mortgage Receivables, to the Issuer Collection Account.

  • All payments made by the Borrowers in respect of the Mortgage Loans will be paid into the relevant Collection Foundation Account.

  • Notwithstanding the above, each of the Originator and the Seller is obliged to pay to the Issuer any amounts which were not paid on the Collection Foundation Accounts but to the Originator or, as the case may be, the Seller directly.

  • Collection Foundation: Stichting Ember Hypotheken, established under Dutch law as a foundation Swap Counterparty: BNP Paribas.

  • In addition, Intertrust Administrative Services B.V. in its capacity as administrator for the Collection Foundation has undertaken in the Receivables Proceeds Distribution Agreement to disregard any instructions or orders from the Originator to cause the transfer of amounts in respect of the Mortgage Receivables to be made to another account than the Collection Foundation Accounts without prior approval of the Issuer and the Security Trustee.

  • The Collection Foundation Accounts Interest shall be deducted from the Beneficiary Entitlement on each Monthly Payment Date.

  • In case of foreclosure of the jointly-held right of pledge on the Collection Foundation Accounts (i.e. if the Collection Foundation defaults in forwarding or transferring the amounts received by it, as agreed), the proceeds will be divided according to each Previous Transaction Security Trustee's and the Security Trustee's share.


More Definitions of Collection Foundation

Collection Foundation means Stichting Ontvangsten Hiltermann Lease, a foundation (stichting) established under Dutch law, having its seat (zetel) in the municipality of Amsterdam, the Netherlands and its registered office at Basisweg 10, 1043 AP Amsterdam, the Netherlands and registered in the Trade Register under number 81860447, in its capacity as collection foundation.
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Related to Collection Foundation

  • Collection site means the location of waste containers on collection day.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank.

  • Collection Services means all of the duties and obligations of the Contractor hereunder.

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.