pooling account definition

pooling account means the bank account into which the proceeds of a pool are deposited;
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pooling account means account of MPSeDC with Branch of Bank. It is a Nodal account
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pooling account means the account opened at the Pooling Branch for the purpose of pooling the collections and/or to receive the payment proceeds of the Instruments collected under the Facility and/or from where the pay-outs shall be made by the Bank to the Client.
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Related to pooling account

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.