Borrower Collection Account definition

Borrower Collection Account means the Collection Account established for the benefit of the Borrower (and not a Securitization Subsidiary thereof).

Borrower Collection Account means any “Collection Account” and related Lockboxes (if any) set forth on Schedule 4.01(q) to the Funding Agreement, established by the Borrower pursuant to Section 6.01(a) of the Funding Agreement and maintained by the Borrower at a Collection Account Bank, which account shall be subject to a Collection Account Agreement.

Borrower Collection Account means the account with the Account Bank specified as such in the Borrower Account Pledge.

Examples of Borrower Collection Account in a sentence

• On each Distribution Date, to the extent not waived, the Servicer shall be entitled to receive out of the Borrower Collection Account the Servicing Fee for the related Accrual Period pursuant to Section 8.3(a).

• Such Loan Party acknowledges that (i) all Obligors (and related agents) have been directed to make all payments directly to the Borrower Collection Account and (ii) all Collections received by it or its Affiliates with respect to the Collateral pledged hereunder are held and shall be held in trust for the benefit of the Collateral Agent, on behalf of the Secured Parties until deposited into the applicable Collection Account in accordance with Section 10.10.

• To the extent that any Collections are received directly by any Loan Party, the Equityholder, the Servicer or any of their respective Affiliates, such Person shall transfer, or cause to be transferred, all Collections to the Borrower Collection Account or the Unfunded Exposure Account, as applicable, by the close of business on the second Business Day following the date such Collections are received by such Loan Party, the Equityholder, the Servicer or any of their respective Affiliates.

More Definitions of Borrower Collection Account

Borrower Collection Account means the segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) created and maintained on the books and records of the Securities Intermediary for the Borrower entitled “Borrower Collection Account”, subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).

Borrower Collection Account means a non-interest bearing trust account, initially, account number 143396-000, maintained with the Account Bank, and thereafter each non-interest bearing trust account in the name of the Borrower at any time designated as a “Borrower Collection Account” by the Administrative Agent in consultation with the Required Lenders.

Borrower Collection Account means the Dollar denominated account No. 165502 USD 2811 01 (and any renewal or redesignation thereof) opened by the Borrower and held in the Borrower’s name with the Offshore Account Bank for the purposes of collecting payments from each Trader under the Assigned Export Contracts and making payments due under this Agreement.

Borrower Collection Account shall have the meaning provided in Section 3.6(a)

Borrower Collection Account means the account in the name of the Borrower with the Account Bank number 00000000 assigned to the Lender pursuant to the Borrower Collection Account Assignment.

Borrower Collection Account means the account in the name of the Borrower with the Account Bank number 36156914 assigned to the Lender pursuant to the Borrower Collection Account Assignment.

Borrower Collection Account has the meaning specified in the Loan Agreement.