Program Collections definition

Program Collections means all amounts or other payments (including in the form of checks, notes, wire transfers, cash or other instruments) collected or otherwise received by the Subservicer from whatever source on or with respect to the Program Receivables (including, without limitation, Ancillary Fees).
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Program Collections means (i) all amounts paid or payable in respect of the Portfolio Assets relating to each Fund by the applicable Fund or Company or by each shareholder of such Fund that in either case are allocable to the Purchased Portfolio Assets in accordance with the Allocation Procedures and (ii) all proceeds of the foregoing.
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Program Collections means (i) all amounts paid or payable in respect ------------------- of the Portfolio Assets relating to each Fund by the applicable Fund or Company or by each shareholder of such Fund that in either case are allocable to the Purchased Portfolio Assets in accordance with the Allocation Procedures and (ii) all proceeds in respect of the foregoing.
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Examples of Program Collections in a sentence

  • The Subservicer shall have no right to receive or commingle Program Collections and shall direct Obligors to deposit all Program Collections (including the Ancillary Fees) directly into the Servicer Account.

  • No Company shall be prevented by any ------------------- Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.

  • On the date hereof, the Purchaser, the Program Administrator, the Distributor and the Collection Agent shall have executed and delivered the Program Collection Agency Agreement pursuant to which, among other things, the Collection Agent shall receive Program Collections and Related Collections on the Portfolio Assets and make distributions in respect thereof.

  • No Company shall be prevented by any Authority or by any Applicable Law from paying Program Collections and Related Collections to the Program Collection Account in accordance with the applicable Irrevocable Payment Instruction and no Company shall have so asserted in writing.

  • On the date hereof, the Purchasers, the Program --------------------------- Administrator, the Seller, the Distributor, the Transferor and the Funding and Collection Agent shall have executed and delivered the Program Funding and Collection Agency Agreement pursuant to which, among other things, the Funding and Collection Agent shall receive Program Collections on the Portfolio Assets and make distributions in respect thereof.

  • This Agreement and the Program Administrator's and the Purchasers' rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchasers and the Program Administrator and their respective successors and assigns.

  • Subject to Section 8.04 (a), the Parent, the Advisor or the Distributor shall have paid all reasonable fees and expenses of the Purchaser and the Program Administrator (including the reasonable accrued fees and expenses of counsel to the Purchaser and the Program Administrator) then due and payable in accordance herewith, except to the extent the same have been paid out of Program Collections pursuant to the Program Collection Agency Agreement.

  • This Agreement and the Program Administrator's and the Purchaser's rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchaser and the Program Administrator and their respective successors and assigns; provided, that no delegation of the Purchaser's or the Program Administrator's obligations hereunder shall be permitted without prior written notice to the Sponsor Entities.

  • This Agreement and the Program Administrator's and the Purchaser's rights herein, and in the Purchased Portfolio Assets, the Program Collections and the Ancillary Rights with respect thereto shall be assignable, in whole or in part, by the Purchaser and the Program Administrator and their respective successors and assigns.

Related to Program Collections

  • 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.

  • data collection means the collection and verification of meter reading data from natural gas meters; “data transfer” means the transfer of metered data to the GPRO;

  • 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.

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

  • 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.

  • Principal Collections means Collections of Principal Receivables.

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Collection Period means, with respect to any Payment Date, the period commencing on the first day of the calendar month immediately preceding the month in which such Payment Date occurs (and, in the case of the first Collection Period, the period from (but excluding) the Cutoff Date) and ending on the last day of the calendar month immediately preceding the month in which such Payment Date occurs.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Final Collection Date means the date on or following the Termination Date on which the Outstanding Loan Amount has been reduced to zero and all other Borrower Obligations have been paid in full.

  • SUBI Collections has the meaning set forth in the Indenture.

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections with respect to Group One that are allocated to Series 1999-E in accordance with subsection 4.13(b).

  • Investor Principal Collections means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections retained or deposited in the Principal Account for Series 2009-VFN pursuant to clause 5.1(b)(ii) for such Monthly Period.

  • 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.

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series2023-3 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2023-3 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • 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.

  • Deemed Collections has the meaning set forth in Section 4.01(d).

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

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.