Revenue Collection Account definition

Revenue Collection Account means an account in the name of the Operator at a bank acceptable to the Authority where all the revenues collected by the Operator are deposited, and from which all the payments are made by the Operator.
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Revenue Collection Account means a current account to be opened and maintained by H.D.A., with the Escrow Bank for the purpose of depositing of the Water Charges as per Article 11.5 to be operated according to the terms of Article 11.5;
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Revenue Collection Account shall have the meaning as set forth in Section 5 of Article 14.
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Examples of Revenue Collection Account in a sentence

  • Notwithstanding Sections 5 and 7, in the case either party becomes a Defaulting Party, the non-Defaulting Party shall be entitled to issue wire transfer instructions to the Bank: to procure payment of amounts owing to the non-Defaulting Party from the Revenue Collection Account in accordance with the Facilities Agreement without the requirement to obtain the signature of the other Party.

  • The default payments and mandatory redemptions provided for above are in addition to and not in lieu or limitation of any other rights the Holders may have at law, in equity or under the terms of the Certificate of Determination, the Purchase Agreement, the Warrant or this Agreement, including without limitation the right to specific performance.

  • The Revenue Collection Account shall be subject to the Account and Control Agreement (as hereafter defined).

  • USD and Xxxxxx shall be and at all times remain jointly and severally liable to the Bank for any and all fees and service charges relating to the Revenue Collection Account and chargebacks for any cheques, drafts and other payment items dishonoured or otherwise returned to the Bank with respect to the Revenue Collection Account (all such fees, service charges and chargebacks being hereinafter referred to, collectively, as “Charges”).

  • The Parties will open and maintain in good standing the Revenue Collection Account, and each of them will provide all documentation from time to time required by the Bank from such Party in connection therewith, including certificates of incumbency, authority and status.

  • USD shall instruct Customers (on each Invoice and otherwise) to make payments pursuant to the Invoices directly into the Revenue Collection Account.

  • Neither Party shall charge any of the Customers any accessorial, pumpover, manifold, transfer or other separate fees directly related to the provision of Product handling or Product throughput services within the Pipeline Facilities or Rail Terminal unless such charges or fees are delivered directly to the Revenue Collection Account and accounted for as revenue in the calculations below, unless mutually agreed otherwise by the Parties in writing.

  • Neither Party shall have any right or entitlement to set off any amounts owing to such Party by the other Party against amounts in the Revenue Collection Account.

  • Each of the Parties will ensure that, without the prior written consent of the other Party, none of its respective officers, agents or other representatives or any of their Affiliates shall withdraw or attempt to withdraw any amounts from, or otherwise exercise any authority or powers with respect to the Revenue Collection Account and all amounts held therein, except in accordance with this Agreement, the Account Agreement and applicable law.


More Definitions of Revenue Collection Account

Revenue Collection Account means an account which shall be a Facility of the Grantor but which shall be established in the name of and controlled solely by the Operator pursuant to Section 6.3.
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Revenue Collection Account has the meaning set forth in Section 6(a);
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Revenue Collection Account means the Canadian dollar cash account established by the Parties with the Bank pursuant to the Account Agreement, in respect of which each Party is jointly and severally entitled and liable, subject to the terms of the Facilities Agreement and this Agreement.
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Revenue Collection Account means, for each Borrowing Base Property, a deposit account in the name of the applicable Master Tenant at Bank of America, N.A., in which such Master Tenant has granted to the Direct Property Owner that owns such Borrowing Base Property a security interest, as security for such Master Tenant’s obligations under the Master Lease for such Borrowing Base Property, which security interest shall have been collaterally assigned by such Direct Property Owner to the Administrative Agent for the benefit of the Secured Parties as security for the Obligations, each of which shall be a Controlled Account.
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Revenue Collection Account means an account in which revenues collected from the project are deposited at a bank acceptable to the Contracting Authority;
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Revenue Collection Account means the “Revenue Collection Account” as defined under the Account Agreement and each other RMB denominated revenue collection accounts opened or to be opened by the Level-1 Onshore Sub with the Onshore Account Bank (or any replacement account or sub-account thereto).
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Related to Revenue Collection 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.

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

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

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • 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.

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

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

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

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

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

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

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

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • 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.

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Note Account As defined in the Indenture.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

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

  • Administration Account As defined in Section 7.02.

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