Program Collections definition

Program Collections means all amounts or other payments (including in the form of checks, notes, wire transfers, cash or other instruments) collected or otherwise received by the Subservicer from whatever source on or with respect to the Program Receivables (including, without limitation, Ancillary Fees).
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Program Collections means (i) all amounts paid or payable in respect of the Portfolio Assets relating to each Fund by the applicable Fund or Company or by each shareholder of such Fund that in either case are allocable to the Purchased Portfolio Assets in accordance with the Allocation Procedures and (ii) all proceeds of the foregoing.
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Program Collections means (i) all amounts paid or payable in respect ------------------- of the Portfolio Assets relating to each Fund by the applicable Fund or Company or by each shareholder of such Fund that in either case are allocable to the Purchased Portfolio Assets in accordance with the Allocation Procedures and (ii) all proceeds in respect of the foregoing.
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Examples of Program Collections in a sentence

  • The Subservicer shall have no right to receive or commingle Program Collections and shall direct Obligors to deposit all Program Collections (including the Ancillary Fees) directly into the Servicer Account.

  • No Company shall be prevented by any ------------------- Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.

  • No Company shall be prevented by any Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.

  • On the date hereof, the Purchaser, the Program Administrator, the Distributor and the Collection Agent shall have executed and delivered the Program Collection Agency Agreement pursuant to which, among other things, the Collection Agent shall receive Program Collections and Related Collections on the Portfolio Assets and make distributions in respect thereof.

  • The Program Administrator will determine whether any such amounts are intended to (i) be distributed in a manner similar to Program Collections ("Receivable Reimbursement Payment"), or (ii) reimburse a particular Person for -------------------------------- specific losses, cost, damages or other expenses other than losses for which a Receivable Reimbursement Payment is being made ("Expense Payments").

  • Pursuant to the Irrevocable Payment Instructions given by the Distributor to the Transfer Agent, Custodian and each Company in respect of each Fund, the Transfer Agent, Custodian, each Company and in certain cases Selling Agents shall in respect of each Fund remit all Program Collections and Related Collections payable by each Company and its shareholders in respect of each Fund directly to the Program Collection Account in accordance with the terms of the Irrevocable Payment Instruction.

  • Subject to Section 8.04 (a), the Parent, the Advisor or the Distributor shall have paid all reasonable fees and expenses of the Purchaser and the Program Administrator (including the reasonable accrued fees and expenses of counsel to the Purchaser and the Program Administrator) then due and payable in accordance herewith, except to the extent the same have been paid out of Program Collections pursuant to the Program Collection Agency Agreement.

  • This Agreement and the Program Administrator's and the Purchaser's rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchaser and the Program Administrator and their respective successors and assigns.

  • This Agreement and the Program Administrator's and the Purchaser's rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchaser and the Program Administrator and their respective successors and assigns; provided, that no delegation of the Purchaser's or the Program Administrator's obligations hereunder shall be permitted without prior written notice to the Sponsor Entities.

  • This Agreement and the Program Administrator's and the Purchasers' rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchasers and the Program Administrator and their respective successors and assigns.