Collections Account definition

Collections Account has the meaning given to such term in Section 3.01(a) hereof.

Collections Account means any Deposit Account maintained by Borrower at Bank to which collections, deposits and other payments on or with respect to Collateral may be made pursuant to the terms hereof, to which only Bank shall have access to withdraw or otherwise direct the disposition of funds on deposit therein.

Collections Account shall have the meaning specified in Section 4.02(a).

Examples of Collections Account in a sentence

• Only the portion of Trust Collections required to be deposited under the Trust's Required Daily Deposit provisions will typically be deposited in the Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Investor Certificates are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Only the portion of Master Trust Collections required to be deposited under the Master Trust 's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Except to the extent that any payment is permitted by the Indenture to be deposited in a Lessor Account, each Grantor shall instruct each Obligor to make such payment to the Collections Account in accordance with the Indenture and shall instruct each other Person obligated to make any other payment to such Grantor to the Collections Account in accordance with the Indenture.

• In the event that the funds then available in such account are insufficient to make any such payment, the Administrative Agent shall take such actions as are necessary to cause funds sufficient to make any such payments to be transferred as soon as practicable from the Collections Account to such account.

• The Proposed Amendments will clarify and broaden the definition of Expenses and provisions relating to interim withdrawals from the Collections Account under Section 3.04 of the Indenture so that AFT will have the ability to pay the upfront costs of its hedging through the use of interest rate caps or similar derivatives and reserve for up to six months of anticipated maintenance and other aircraft related expenses.

More Definitions of Collections Account

Collections Account means the account established and maintained pursuant to clause 22.1 or any new account established as the Collections Account under clause 22.3.

Collections Account shall have the meaning given to it in the Depository Agreement.

Collections Account means the account of the Borrower established with the Account Bank, which is subject to the Collections Account Control Agreement.

Collections Account means the lockbox account created and maintained by the Servicer in the Company's name and designated as such pursuant to Section 12.2.

Collections Account means the controlled disbursement account maintained at Bank to which collections, deposits and other payments on or with respect to Collateral are made pursuant to the terms hereof, to which only Bank shall have access.

Collections Account shall have the meaning given such term in Section 6.20(b).

Collections Account for any Master Trust has the meaning set forth in the Series 2007-CC Series Supplement or any other applicable agreement relating to any Additional Collateral Certificate.