Manager Collection Account definition

Manager Collection Account. An account established and maintained pursuant to the Intercreditor Agreement with a bank satisfactory to the Requisite Global Majority and the Rating Agencies, into which the Manager will direct (i) all payments from Lessees, (ii) all Sale Proceeds, (iii) all Casualty Proceeds and (iv) all other proceeds and Gross Revenues related to the Containers including Miscellaneous Issuer Proceeds and Indemnification Proceeds.
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Manager Collection Account means any of the bank accounts titled as such that have been established and maintained by the Manager into which account all Gross Revenue, Miscellaneous Owner Proceeds, Casualty Proceeds, Finance Lease Payments and Sales Proceeds, in each case for the Managed Containers, are deposited and from which all Operating Expenses for the Managed Containers are paid.
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Manager Collection Account. The term shall have the meaning as set forth in the Intercreditor Agreement.
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Examples of Manager Collection Account in a sentence

  • Under current conditions, therefore, somewhere around 91% of new mortgages would be subject to stress testing.

  • All amounts held by the Manager in the [Manager Collection Account] which are the property of the Issuer shall be held in trust for the benefit of the Issuer, and the Issuer and its owners shall be treated as owners of such amounts for U.S. tax and other purposes.


More Definitions of Manager Collection Account

Manager Collection Account. An account established and maintained with a bank for which the Rating Agency Condition has been satisfied, into which the Manager will direct (i) all payments from Users, (ii) all Sales Proceeds, (iii) all Casualty Proceeds, and (iv) all other proceeds and Gross Revenues related to the Issuer Containers.
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Related to Manager Collection Account

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • 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.

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

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal 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.

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

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

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Finance Charge Account is defined in Section 4.9(a).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

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

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Note Account As defined in the Indenture.