Interest Collection Subaccount definition

Interest Collection Subaccount. The meaning specified in Section 10.2(a).

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 of the Collection Account entitled “Interest Collection Subaccount,” into which Interest Collections shall be segregated, which comprises the sub-account designated as the “USD Interest Collection Subaccount” with account number 2532148400, the sub-account designated as the “CAD Interest Collection Subaccount” with account number 2532141240, the sub-account designated as the “EUR Interest Collection Subaccount” with account number 0000000000 and the sub-account designated as the “GBP Interest Collection Subaccount” with account number 2532148260.

Examples of Interest Collection Subaccount in a sentence

• 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.

• The Seller acknowledges that all collections received by it or its Affiliates with respect to the Transferred Assets (other than Excluded Amounts) (the “Proceeds”) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the Purchaser and its assignees until deposited into the Interest Collection Subaccount or the Principal Collection Subaccount.

• The Seller shall not, and shall not permit any of its Affiliates to, deposit or permit the deposit of any funds that do not constitute collections of any Loan Asset into the Interest Collection Subaccount or the Principal Collection Subaccount.

• 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.

• The Trustee shall from time to time deposit into the Interest Collection Subaccount, in addition to the deposits required pursuant to Section 10.6(a), immediately upon receipt thereof or upon transfer from the Payment Account, all Interest Proceeds (unless simultaneously reinvested in additional Collateral Obligations in accordance with Article XII).

More Definitions of Interest Collection Subaccount

Interest Collection Subaccount. The trust account established pursuant to Section 10.2(a).

Interest Collection Subaccount is defined in Section 7.4(e).

Interest Collection Subaccount has the meaning specified in Section 3(a).

Interest Collection Subaccount means a sub-account (account number 92074002 at the Account Bank) of the Collection Account entitled "Interest Collection Subaccount," into which Interest Collections shall be segregated.

Interest Collection Subaccount means the account established at the Account Bank with account number 46455702 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, collectively, the account designated as “USD Interest Collection Account]” (with account number 00000000), the account designated as “DIAMETER CCH II-INTEREST – CAD” (with account number 00000000), the account designated as “DIAMETER CCH II-INTEREST – EUR” (with account number 00000000) and the account designated as “DIAMETER CCH II-INTEREST – GBP” (with account number 00000000), into which such accounts Interest Collections shall be segregated.

Interest Collection Subaccount. The Securities Account designated the Interest Collection Subaccount and established in the name of the Trustee pursuant to Section 10.02(a).