Securitization Account definition

Securitization Account means each Account that is designated as an “Account” under the Pooling and Servicing Agreement as of the Closing Date.

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Securitization Account has the meaning specified in Section 7(b)(ii) hereof, which account shall initially be the Trust Account.

Securitization Account means each concentration account, depositary account, lock-box account or similar account in which any Collections are collected or deposited which is subject to a Securitization Account Agreement.

Examples of Securitization Account in a sentence

Each of UCI and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the UCI Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.
In case any authorized signatory of Seller whose signature appears on a Lock-Box Agreement or a Securitization Account Agreement shall cease to have such authority before the delivery of such notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force.
The Servicer shall effect an Securitization Account Agreement substantially in the form of Exhibit VI-B with each bank holding the Securitization Account at any time.
Each of EXLP, EXLPOP, and Intercreditor Collateral Agent agree that it shall not transfer any funds from the Lockbox Accounts to the Securitization Account or the EXLP Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.
Each of EI and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the EI Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.
Seller hereby transfers to the Agent for the benefit of the Purchasers, effective when the Agent delivers such notice, dominion and control of each Securitization Account and each Lock-Box which dominion and control shall be exclusive.
Each of Universal and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the Universal Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.
Each of EESLP and the Intercreditor Collateral Agent agrees that it shall not transfer any funds from the Lockbox Account to the Securitization Account or the EESLP Account or to any other account unless such transfer is in accordance with Section 7 or Section 8 hereof.

More Definitions of Securitization Account

Securitization Account means (a) on and after the Initial Cut-Off Date, each Initial Account, (b) on and after the applicable Additional Cut-Off Date, each Additional Account and (c) each Transferred Account, but shall exclude (i) each Securitization Account that has been closed and terminated in accordance with the relevant Account Guidelines, (ii) each Deleted Account and (iii) any Securitization Account all the Receivables in which have either been: (A) reassigned to Grantor pursuant to Section 6.1 or 6.2 of the Receivables Purchase Agreement or (B) assigned and transferred to Grantor pursuant to Section 3.03 of the Transfer and Servicing Agreement; provided, however, that any group of consumer credit accounts designated as Securitization Accounts in a notice regarding Additional Accounts given by the Securitization SPE to Grantor pursuant to the Receivables Purchase Agreement shall cease to be treated as Securitization Accounts if the purchase of receivables in such consumer credit accounts by the Securitization SPE does not commence on or prior to the fifth Business Day following the date originally specified in the notice for such addition as the expected addition date; provided further, however, that, for the avoidance of doubt, in the event any such designation of consumer credit accounts is not given effect by virtue of the preceding proviso, nothing shall prevent Grantor from at any time thereafter again designating all or a portion of such accounts to be included as Securitization Accounts and selling receivables in such Securitization Accounts to the Securitization SPE. All of the defined terms in this definition have the meanings ascribed thereto in the Securitization Documents, except for the terms “Securitization SPE” and “Grantor.”

Securitization Account means Account No. 2000027030190, ABA No. ▇▇▇▇▇▇▇▇▇, at Wachovia Bank, National Association, titled in the name of "Wachovia Bank, National Association."

Securitization Account means each Account designated as an "Account" or "Additional Account" pursuant to the Pooling Agreement prior to the execution and delivery of this Agreement and with respect to which receivables are transferred to the Trust pursuant to the Pooling Agreement, provided, however, that any such Account that (x) prior to the date of this Agreement, was designated as a "Removed Account" under the Pooling Agreement or (y) any of the Receivables in respect of which were required to be reassigned to SRFG (as "seller" under the Pooling Agreement) at any time prior to or after the date of this Agreement pursuant to Section 2.5 or Section 2.6 of the Pooling Agreement shall not be deemed a "Securitization Account" hereunder, unless such Account shall have been redesignated as an "Additional Account" pursuant to the Pooling Agreement after such reassignment and prior to the execution and delivery of this Agreement.

Securitization Account has the meaning specified in Section 7(b)(ii).