COLLECTION OF INCOME definition

COLLECTION OF INCOME. VNB is authorized: (a) to receive income on any Securities and other Property in the Account (such as interest and dividends); (b) to hold the income in the Account; and (c) to pay to the Company ☐ all of the income or ☐ $__________ on the ______ day of each ☐ month ☐ quarter beginning on __________ , 20 ______. The income will be ☒ credited to the Company’s Valley National Bank checking or other trust department account bearing #__________ , ☐ mailed to the Company by check at the following address: or ☐ accumulate awaiting the Company’s instructions. VNB will use its best efforts to collect all dividends, interest and other income to which the Company is entitled and to surrender and deliver Securities and other Property at maturity or when called for payment but VNB shall assume no liability for failing to do so and shall not be obligated to commence or join in any legal proceedings to collect same.
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COLLECTION OF INCOME. Trade Settlement: Crediting of Accounts. The Custodian shall collect income payable with respect to Securities owned by the Trust, settle Securities trades for the account of the Trust and credit and debit the Trust's account with the Custodian in connection therewith as follows:
Sample 1
COLLECTION OF INCOME. VNB is authorized: (a) to receive income on any Securities and other Property in the Account (such as interest and dividends); (b) to hold the income in the Account; and (c) to pay to the Company ☐ all of the income or ☐ $ on the day of each ☐ month ☐ quarter beginning on , 20 . The income will be ☒ credited to the Company’s Valley National Bank checking or other trust department account bearing # , ☐ mailed to the Company by check at the following address: or ☐ accumulate awaiting the Company’s instructions. VNB will use its best efforts to collect all dividends, interest and other income to which the Company is entitled and to surrender and deliver Securities and other Property at maturity or when called for payment but VNB shall assume no liability for failing to do so and shall not be obligated to commence or join in any legal proceedings to collect same.
Sample 1

Examples of COLLECTION OF INCOME in a sentence

  • PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE Par.

  • A five- points calibration line (0, 0.36, 0.73, 1.46 and 2.18 nM standard additions) and blank determination were made daily.

  • Paragraphs (b) and (d) of this section apply to quarters beginning after the date of publication of the Treasury decision adopting these rules as final regulations in the Federal Register.PART 31--EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCE Par.

  • Amendment of assessments CHAPTER VII PAYMENT AND COLLECTION OF INCOME TAX 43.

  • SUBCHAPTER C—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE Part Page30 [Reserved]31 Employment taxes and collection of income tax at source ...................................................................

  • Other personnel from the Treasury Department and the IRS participated in their development.List of Subjects in 26 CFR Part 31 Employment taxes, Fishing vessels, Gambling, Income taxes, Penalties, Pensions, Railroad retirement, Reporting and recordkeeping requirements, Social security, Unemployment compensation.Adoption of Amendments to the Regulations Accordingly, 26 CFR part 31 is amended as follows: PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCEParagraph 1.

  • PART 31--EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE Par.

  • E6–15820 Filed 10–2–06; 8:45 am]BILLING CODE 6717–01–PPART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE■ Paragraph 1.

  • Section 25.6011–4T is removed.PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCEPar.

  • The rules in this section are effective on the date of publication of the Treasury decision adopting these rules as final regulations in the Federal Register.PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCEPar.

Related to COLLECTION OF INCOME

  • Costs of Collection Includes, without limitation, all reasonable attorneys’ fees and reasonable out-of-pocket expenses incurred by any Agent’s attorneys, and all reasonable out-of-pocket costs incurred by any Agent in the administration of the Liabilities and/or the Loan Documents, including, without limitation, reasonable costs and expenses associated with travel on behalf of any Agent, where such costs and expenses are directly or indirectly related to or in respect of any Agent’s: administration and management of the Liabilities; negotiation, documentation, and amendment of any Loan Document; or efforts to preserve, protect, collect, or enforce the Collateral, the Liabilities, and/or the Agents’ Rights and Remedies and/or any of the rights and remedies of any Agent against or in respect of any guarantor or other person liable in respect of the Liabilities (whether or not suit is instituted in connection with such efforts). “Costs of Collection” also includes the reasonable fees and expenses of Lenders’ Special Counsel. The Costs of Collection are Liabilities, and at the Administrative Agent’s option may bear interest at the then effective Base Margin Rate.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

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

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the Business Day preceding such Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable the Purchase Amount for which was included in Available Collections for a previous Distribution Date; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • 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.

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

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

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Net Liquidation Proceeds After Debt Service means, with respect to any Liquidation Event, all amounts paid to or received by or on behalf of Borrower, Senior Mezzanine Borrower or Mortgage Borrower in connection with such Liquidation Event, including, without limitation, proceeds of any sale, refinancing or other disposition or liquidation, less (a) Lender’s, Senior Mezzanine Lender’s and/or Mortgage Lender’s reasonable costs incurred in connection with the recovery thereof, (b) amounts required or permitted to be deducted therefrom and amounts paid pursuant to the Mortgage Loan Documents and Senior Mezzanine Loan Documents to Mortgage Lender and/or Senior Mezzanine Lender (as applicable), (c) in the case of a foreclosure sale, disposition or Transfer of any Individual Property in connection with realization thereon following a Mortgage Loan Event of Default, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (d) in the case of a foreclosure sale, disposition or Transfer of any Senior Mezzanine Collateral in connection with realization thereon following a Senior Mezzanine Loan Default under any Senior Mezzanine Loan Documents, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (e) in the case of a foreclosure sale, such costs and expenses incurred by Mortgage Lender under the Mortgage Loan Documents as Mortgage Lender shall be entitled to receive reimbursement for under the terms of the Mortgage Loan Documents, (f) in the case of a foreclosure sale, such costs and expenses incurred by Senior Mezzanine Lender under the Senior Mezzanine Loan Documents as Senior Mezzanine Lender shall be entitled to receive reimbursement for under the terms of the Senior Mezzanine Loan Documents, (g) in the case of a refinancing of the Mortgage Loan and/or Senior Mezzanine Loan, such costs and expenses (including attorneys’ fees) of such refinancing as shall be reasonably approved by Mortgage Lender and/or Senior Mezzanine Lender, as the case may be, and (h) the amount of any prepayments required pursuant to the Mortgage Loan Documents, Senior Mezzanine Loan Documents, and/or the Loan Documents, in connection with any such Liquidation Event.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Collection site means the location of waste containers on collection day.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Payoff Earnings For any Distribution Date with respect to each Mortgage Loan on which a Payoff was received by the Master Servicer during the Payoff Period, the aggregate of the interest earned by the Master Servicer from investment of each such Payoff from the date of receipt of such Payoff until the Business Day immediately preceding the related Distribution Date (net of investment losses).

  • Prepayment Charge Schedule As of any date, the list of Prepayment Charges included in the Trust Fund on such date, attached hereto as Schedule 2 (including the prepayment charge summary attached thereto). The Prepayment Charge Schedule shall set forth the following information with respect to each Prepayment Charge: