Security Deposit Collection Account definition

Security Deposit Collection Account means the account designated as the Security Deposit Collection Account in, and which is established and maintained pursuant to, Section 8.1(a).
Sample 1Sample 2Sample 3
Security Deposit Collection Account. “ means the account designated as the Security Deposit Collection Account in, and which is established and maintained pursuant to, Section 8.1(a).
Sample 1

Examples of Security Deposit Collection Account in a sentence

  • The Collection Account, the Funding Account and the Security Deposit Collection Account are listed on Schedule 8.1.

  • The Collection Account, the Funding Account and the Security Deposit Collection Account shall each be an Eligible Account which is a segregated trust account initially established with Deutsche Bank Trust Company Americas.

  • If at any time the Collection Account, the Funding Account or the Security Deposit Collection Account ceases to be an Eligible Account, the Facility Agent (with notice to the Collateral Manager) shall transfer such account to another institution such that such account shall meet the requirements of an Eligible Account.

  • If at any time the Collection Account, the Funding Account or the Security Deposit Collection Account ceases to be an Eligible Account, the Administrative Agent (with notice to the Collateral Manager) shall transfer such account to another institution such that such account shall meet the requirements of an Eligible Account.

  • If at any time the Collection Account, the Warrant Reserve Account or the Security Deposit Collection Account ceases to be an Eligible Account, the Facility Agent (with notice to the Collateral Manager) shall transfer such account to another institution such that such account shall meet the requirements of an Eligible Account.

  • The Collection Account, the Warrant Reserve Account and the Security Deposit Collection Account are listed on Schedule 8.1.

  • The Collection Account, the Warrant Reserve Account and the Security Deposit Collection Account shall each be an Eligible Account which is a segregated non-interest bearing trust account initially established with the Collection Account Bank pursuant and subject to the Account Agreement.

Related to Security Deposit Collection Account

  • Interest Collection Account A Securities 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 prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Security Deposit Account has the meaning given in Section 5.1.

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

  • Principal Collection Account A Securities 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 prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

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

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • 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.

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

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

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

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

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

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

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

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

  • 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.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.