Examples of Interest Collection Subaccount in a sentence
Amounts on deposit in the Revolving Reserve Account will be invested in overnight funds that are Eligible Investments selected by the Servicer pursuant to Section 8.06 and earnings from all such investments will be deposited in the Interest Collection Subaccount as Interest Proceeds.
Except to the extent expressly provided otherwise herein, all interest, gain, loss and other income from such investments shall be deposited, credited or charged (as applicable) in and to the Interest Collection Subaccount.
More Definitions of Interest Collection Subaccount
Interest Collection Subaccount means the account established at the Account Bank with account number 00000000 for U.S. Dollar deposits into which Interest Collections shall be segregated, and each other subaccount of the Collection Account that may be established from time to time for administration or convenience into which Interest Collections are to be segregated.
Interest Collection Subaccount means a sub-account (account number 198082-201 at the Account Bank) of the Collection Account entitled “Interest Collection Subaccount,” into which Interest Collections shall be segregated.
Interest Collection Subaccount means, collectively, (i) a sub-account (account number 00000000 at the Account Bank) of the Collection Account entitled "Interest Collection Subaccount," into which Interest Collections shall be segregated and (ii) each sub-account of the Collection Account of each Securitization Subsidiary into which Interest Collections shall be segregated.
Interest Collection Subaccount is defined in Section 7.4(e).