Lessor Contribution Account Sample Clauses

Lessor Contribution Account. Lessor Contributions shall be maintained by Borrower in one or more separate Deposit Accounts of Borrower maintained at a nationally recognized bank reasonably acceptable to Agent Lender (XX Xxxxxx/Xxxxx being hereby approved) (the “Lessor Contribution Accounts”) until used for a purpose permitted in this Agreement. Borrower hereby assigns and pledges Lenders a security interest in the Lessor Contribution Accounts and agrees to, upon request of Agent Lender, provide additional documentation evidencing Lenders’ security interest in the Lessor Contribution Accounts, including, without limitation, the Assignment of Lessor Contribution Accounts. Borrower will also assist Agent Lender in obtaining an executed account control agreement from the depository bank holding the Lessor Contribution Accounts for purposes of Lenders perfecting their security interest in the Lessor Contribution Accounts. Such a control agreement must be in place before any deposits of any Lessor Contributions are made into the Lessor Contribution Accounts and prior to any use of Lessor Contributions for the purposes permitted herein.
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Related to Lessor Contribution Account

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Liquidation Account The Agent has established and will maintain in existence the Liquidation Account. The Liquidation Account shall be used to receive Collections from the Deposit Accounts pursuant to Section 1.4(b) and to hold amounts set aside for the Purchasers, the Backup Servicer and (if the Servicer is not AFC or an Affiliate of AFC) the Servicer out of the Collections of Pool Receivables prior to the applicable Settlement Dates and for such other purposes described in the Transaction Documents. No funds other than those transferred in accordance with Section 1.4 shall be intentionally transferred into the Liquidation Account.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

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