Collection Banks definition

Collection Banks means (a) any Eligible Institution(s) designated by Mortgage Borrower as Collection Bank and reasonably approved by Lender from time to time in accordance with the terms hereof, or (b) any other financial institution otherwise reasonably approved by Lender and, if a Securitization has occurred, with respect to which a Rating Agency Confirmation has been obtained.

Collection Banks shall have the meaning provided in Section 5.03(b).

Collection Banks as defined in Section 2.21(a).

Examples of Collection Banks in a sentence

• The Escrow Collection Banks shall not exercise any lien whatsoever over the monies deposited therein.

• Accordingly, Applicants are requested to note that they must submit Application Forms to Trading Members who are located in towns/ cities which have at least one banking branch of the Escrow Collection Banks.

• Failure to do so may result in delays in dispatch of refund orders or refunds through electronic transfer of funds, as applicable, and any such delay may be at the Anchor Investors’ sole risk and neither the Issuer, the Registrar to the Offer, the Escrow Collection Banks, or the Syndicate, may be liable to compensate the Anchor Investors for any losses caused to them due to any such delay, or liable to pay any interest for such delay.

• The Escrow Collection Banks shall not exercise any lien whatsoever over the monies deposited therein and shall hold the monies therein in trust for the Applicants.

• Failure to do so may result in delays in dispatch of refund orders or refunds through electronic transfer of funds, as applicable, and any such delay will be at the Applicant’s sole risk and neither our Company, the Registrar, the Escrow Collection Banks, or the Members of the Syndicate, will be liable to compensate the Applicants for any losses caused to them due to any such delay, or liable to pay any interest for such delay.

More Definitions of Collection Banks

Collection Banks has the meaning set forth in SECTION 4.11.

Collection Banks means each U.S. Collection Bank, each Canadian Collection Bank and each European Collection Bank.

Collection Banks has the meaning set forth in Section 4.11.

Collection Banks means, collectively, the U.S. Collection Banks and the Canadian Collection banks.

Collection Banks means (a) any Eligible Institution(s) designated by any Operating Company or Borrower as a Collection Bank and reasonably approved by Lender from time to time in accordance with the terms hereof, or (b) any other financial institution otherwise reasonably approved by Lender and, if a Securitization has occurred, with respect to which a Rating Agency Confirmation has been obtained. “Condemnation” shall mean a temporary or permanent taking by any Governmental Authority as the result or in lieu or in anticipation of the exercise of the right of condemnation or eminent domain, of all or any part of any Individual Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting such Individual Property or any part thereof.

Collection Banks. (a) Barclays Bank PLC, or (b) one or more financial institutions located in the United States, selected by the Borrower and reasonably satisfactory to the Collateral Agent (it being understood and agreed that each of Bank of Hawaii, Bank of America, N.A., First Hawaiian Bank and Central Pacific Bank are satisfactory to the Collateral Agent).

Collection Banks means Barclays Bank PLC and Lloyds TSB Bank plc and/or such other banks as may be appointed from time to time under and in accordance with the Transaction Documents and "Collection Bank" means any of the Collection Banks.