Transferor Collection Account definition

Transferor Collection Account means the bank account maintained by the relevant Transferor with the Collection Account Bank on which all payments made by the relevant Borrowers are collected.
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Transferor Collection Account means the account held for the purposes of clause 16.1 (Transferor Collection Account and Transferor Receipts Account) of the Receivables Securitisation Deed.
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Examples of Transferor Collection Account in a sentence

  • Following Senior Funding Completion, such Collections shall be retained by the Transferor, either as payments of the Finance Charge Collections or Principal Collections due to it or as Finance Charge Advance Payments or Principal Advance Payments (and, if they are Principal Advance Payments, such amounts will continue to be held in the Transferor Collection Account on trust for the Receivables Trustee).

  • All Collections held in the Transferor Collection Account will be held on trust for the Receivables Trustee pending the transfer of such Collections to the Receivables Trustee Collection Account which (prior to Senior Funding Completion) will take place on a daily basis.

  • Committee members may, periodically, agree to inspect each other’s areas to provide a different perspective.

  • On or prior to its accession hereunder, each Additional Transferor shall have opened an account in its name for the purpose of receiving, inter alia, Collections (the "[*] Additional Transferor Collection Account").

Related to Transferor Collection Account

  • 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.

  • 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.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

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

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

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

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

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

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • 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.

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

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

  • Note Account As defined in the Indenture.

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

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

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

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

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • 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.

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

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