Exchange Note Collection Account definition

Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

Exchange Note Collection Account means the account designated as such, established and maintained pursuant to Section 5.2(f) of the Servicing Agreement.

Exchange Note Collection Account with account number ;

Examples of Exchange Note Collection Account in a sentence

• In consideration for such reallocation, the Servicer shall make a payment to the Issuing Entity equal to the Securitization Value of such Transaction Unit as of the end of the Closed-End EN Collection Period preceding such Closed-End Exchange Note Payment Date by depositing such amount into the Exchange Note Collection Account prior to 2:00 p.m., New York City time, on the Business Day immediately preceding such Closed-End Exchange Note Payment Date.

• Pending deposit into the Exchange Note Collection Account, Closed-End Exchange Note Collections may be used by the Servicer at its own risk and for its own benefit and will not be segregated from its own funds.

• In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the Closed-End Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 2024-A Reference Pool, the Servicer shall deposit such amounts (including, as applicable, any Required Deposit Amount) in the Exchange Note Collection Account.

More Definitions of Exchange Note Collection Account

Exchange Note Collection Account means, with respect to each Exchange Note, the account designated as such in the related Exchange Note Supplement and/or Servicing Supplement.

Exchange Note Collection Account means the account designated as such with respect to any Reference Pool pursuant to Section 5.2(f)(ii) of the Closed-End Servicing Agreement.