Collections Account definition

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

Collections Account means any Deposit Account maintained by Borrower at Bank to which collections, deposits and other payments on or with respect to Collateral may be made pursuant to the terms hereof, to which only Bank shall have access to withdraw or otherwise direct the disposition of funds on deposit therein.

Collections Account shall have the meaning specified in Section 4.02(a).

Examples of Collections Account in a sentence

• Only the portion of Master Trust Collections required to be deposited under the Master Trust 's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• Only the portion of Master Trust Collections required to be deposited under the Master Trust's Required Daily Deposit provisions will typically be deposited in the Master Trust Collections Account each month, and these required amounts may vary markedly from month to month depending on whether any Notes (or Certificates) are maturing on the following distribution date (in which case additional Principal Collections are retained in such account).

• The account shall be called the Child Support Retained Collections Account.

• It is the intent of the Legislature that this program be self sufficient through funding from the Child Support Retained Collections Account and related Title IV-D grant funds.

• In addition to the requirements for annual financial reports required by the General Provisions of this Act, the Attorney General shall include a separate section detailing all such balances, receipts and distributions of money in Fund No. 994 and the Child Support Retained Collections Account.

More Definitions of Collections Account

Collections Account means the account established and maintained pursuant to clause 22.1 or any new account established as the Collections Account under clause 22.3.

Collections Account shall have the meaning given to it in the Depository Agreement.

Collections Account means the account of the Borrower established with the Account Bank, which is subject to the Collections Account Control Agreement.

Collections Account means the lockbox account created and maintained by the Servicer in the Company's name and designated as such pursuant to Section 12.2.

Collections Account means the controlled disbursement account maintained at Bank to which collections, deposits and other payments on or with respect to Collateral are made pursuant to the terms hereof, to which only Bank shall have access.

Collections Account shall have the meaning given such term in Section 6.15(a).

Collections Account is defined in Section 6.9.