Trust Collection Account definition

Trust Collection Account shall have the meaning assigned to such term in Section 5.01(c).
Sample 1Sample 2Sample 3
Trust Collection Account means the trust account designated as such established and maintained pursuant to Section 8.2(a) of the Indenture.
Sample 1Sample 2Sample 3
Trust Collection Account means an Eligible Account established by the Owner Trustee pursuant to Section 5.01(a) of the Trust Agreement.
Sample 1Sample 2Sample 3

Examples of Trust Collection Account in a sentence

  • Notwithstanding the foregoing, the Servicer shall not be permitted to exercise such option unless the amount to be deposited into the Trust Collection Account pursuant to the preceding sentence is greater than or equal to the sum of the Outstanding Amount of the Notes, and all accrued but unpaid interest (including any overdue interest and premium) thereon and all amounts owing to the Asset Representations Reviewer under the Asset Representations Review Agreement.

  • To exercise such option, the Servicer shall deposit pursuant to Section 13.3 hereof into the Trust Collection Account an amount, as calculated by the Servicer, equal to the Exchange Note Balance and all accrued interest thereon up to but not including the Redemption Date (the “Exchange Note Purchase Price”), and shall succeed to all interests in and to the Issuing Entity.

  • Any Paying Agent shall have the revocable power to withdraw funds from the Trust Collection Account for the purpose of making the distributions referred to above.


More Definitions of Trust Collection Account

Trust Collection Account. As defined in Section 3.4(a).
Sample 1Sample 2Sample 3
Trust Collection Account means securities account number 33480100 established at the Collateral Agent in the State of Minnesotx, xx xxe name of the Borrower for the benefit of the Secured Parties and subject to the sole dominion and control of the Collateral Agent pursuant to a control agreement in form and substance acceptable to the Administrative Agent, which account has been designated as the Trust Collection Account, and any other account designated Appendix A-16 as such by the Collateral Agent, together with any securities account related thereto that may be established at the Collateral Agent.
Sample 1

Related to Trust Collection Account

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

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

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).