New Concentration Account definition

New Concentration Account has the meaning set forth in Section 5.1(l).
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New Concentration Account has the meaning set forth in SECTION 5.1(I).
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New Concentration Account has the meaning assigned to such term in Section 5.15.
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Examples of New Concentration Account in a sentence

  • From and after the date the occurrence of a Sub-Servicer Default, the Buyer or its assignees may request that the Originator, and the Originator thereupon promptly shall, direct all Obligors on Receivables to remit all payments thereon to a new depositary account (the "NEW CONCENTRATION ACCOUNT") specified by the Buyer or such assignees and, at all times thereafter the Originator shall not deposit or otherwise credit to the New Concentration Account any cash or payment item other than Collections.

  • Grantors shall instruct the depositary institutions at which the Governmental Receivable Collection Accounts are maintained to transfer the funds in such accounts to a New Concentration Account no less frequently than daily.


More Definitions of New Concentration Account

New Concentration Account has the meaning assigned to that term in Section 6.01(k).
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New Concentration Account has the meaning assigned to that term in SECTION 6.01(K). "NON-DEFAULTING INVESTOR" shall have the meaning assigned to such term in SECTION 3.05.
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New Concentration Account means the depositary account of Group established at the New Concentration Account Bank pursuant to SECTION 3.3(K) hereof.
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New Concentration Account means any deposit account established after the date hereof by any Grantor with the Secured Party to receive all payments, collections, proceeds and transfers received by such Grantor, other than Governmental Health Receivable Proceeds.
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Related to New Concentration Account

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Collection Accounts As defined in Section 3.10(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Finance Charge Account is defined in Section 4.9(a).

  • Holding Account means an account:

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Investment Account As defined in Section 3.12(a).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collection Account Agreement means that certain Collection Account Agreement, dated the Closing Date, among the Borrower, the Servicer, the Account Bank, the Administrative Agent and the Collateral Agent, governing the Collection Account and which permits the Collateral Agent on behalf of the Secured Parties to direct disposition of the funds in the Collection Account, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Note Account As defined in the Indenture.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.