Receipts Account definition

Receipts Account shall have the meaning specified in Section 4.4(d) hereof.

Receipts Account means an account beneficially owned by the Bank and designated by the Bank as the account to which the Servicer shall transfer funds collected on behalf of the Bank from Borrowers, Guarantee Agencies, and the Secretary.

Receipts Account means any account established with the Account Bank in the

Examples of Receipts Account in a sentence

• In the event that any amount standing to the credit of the Account is not so required to be applied, such amount shall (subject to Clause 4.3 and 4.5 below) be paid by the Account Bank to the Receipts Account, or as otherwise instructed by the Security Trustee pursuant to Clause 4.5 below.

• Interest on the amounts payable by the Guarantor hereunder shall be payable by the Guarantor to the Receipts Account on demand by any Guaranteed Party.

• The Servicer shall not use its access to the Receipts Account except for the purposes expressly authorized in this Servicing Agreement.

• Interest on the amounts payable by the Guarantor hereunder shall be payable by the Guarantor to the Receipts Account on demand by the Transporter.

• Mortgagee or its successor or assign shall own and maintain sole ownership and control of funds deposited in the Residual Receipts Account at all times.

More Definitions of Receipts Account

Receipts Account means the account or accounts held for the purposes of clause 14.5 (Collection Account and Receipts Account) of the RSD; Receivables shall mean all amounts owing by a Cardholder to the Transferor under an Account from time to time, including (without limitation):

Receipts Account has the meaning set forth in SECTION 10.1.

Receipts Account means the bank account in the name of the Group Borrower with the Group Borrower Account Bank, sort code 60-15-31, account number 00000000, designated as the Clarion Treasury Receipts Account and denominated in Sterling, or such other account as may be designated as such by the Group Borrower and the Security Trustee, and any renewal or redesignation thereof; Receiver means a receiver, manager or receiver and manager or administrative receiver appointed by the Note Trustee under the Note Trust Deed or under the Note Trustee's statutory power relating thereto in respect of the Loan Facility Provider;

Receipts Account means a bank account to be opened in the name of the Security Trustee. “Receiver” means a receiver and manager or (if the Security Trustee so specifies in the relevant appointment) a receiver, in either case, appointed under this Assignment.

Receipts Account means any account in the name of the Chargor designated as such by the Lender and shall include (without limitation) each Account as defined in the Facilities Agreement.

Receipts Account shall have the meaning set forth in Section 5.02 hereof.

Receipts Account means account no. 375-1508531of the Borrower ---------------- maintained with the Depositary.