Reinvestment Account. (a) The Trustee shall establish and maintain the Reinvestment Account in the name of the Issuer for the benefit of the Trustee and the Noteholders. The Reinvestment Account shall be held in one Eligible Deposit Account with a Qualified Institution in the form of an interest-bearing trust account wherein the moneys therein are invested in Permitted Investments. The Servicer will monitor the Reinvestment Account in accordance with its customary policies and procedures.
Reinvestment Account. The Collateral Agent shall, on or prior to the Closing Date, establish a single, segregated non-interest bearing account in the name “APA Finance, LLC Reinvestment Account, subject to the lien of the Collateral Agent”, which shall be designated as the “Reinvestment Account” and which shall be governed solely by the terms of this Agreement and the Account Control Agreement. The Collateral Agent shall have exclusive control over such account, subject to the Borrower’s right to give instructions specified herein, and the sole right of withdrawal. Any and all funds at any time on deposit in, or otherwise to the credit of, the Reinvestment Account shall be held by the Collateral Agent for the benefit of the Lenders (and the other Secured Parties). Upon receipt of Reinvestment Proceeds from the Borrower, the Collateral Agent shall deposit such Reinvestment Proceeds into the Reinvestment Account (or a subaccount thereof). Upon direction by a Borrower Order, the Collateral Agent shall apply Reinvestment Proceeds on deposit in the Reinvestment Account solely towards Permitted Reinvestments identified by the Borrower. If at any time any Reinvestment Proceeds become Uninvested Proceeds, the Borrower (or the Collateral Manager on its behalf) shall direct the Collateral Agent to transfer such Uninvested Proceeds for application towards the prepayment of the Loans pursuant to Section 2.03(b); provided that in the case of any Uninvested Proceeds arising from Extraordinary Receipts, the Borrower (or the Collateral Manager on its behalf) shall direct the Collateral Agent that 50% of such proceeds shall be transferred to the Collection Account for application in accordance with the Priority of Payments and the remaining 50% of such proceeds shall be transferred for application towards the prepayment of the Loans pursuant to Section 2.03(b). By Borrower Order (which may be in the form of standing instructions), the Borrower may at any time direct the Collateral Agent to, and, upon receipt of such Borrower Order, the Collateral Agent shall, invest all funds in the Reinvestment Account as so directed by the Borrower in Eligible Investments. Any income earned on amounts deposited in the Reinvestment Account will be deposited in the Collection Account as it is received. The Collateral Agent agrees to give the Borrower immediate notice if an Administrative Officer of the Collateral Agent obtains actual knowledge of or receives written notice that the Reinvestment Account or any f...
Reinvestment Account. No member of the TP&S Group or any other Person shall withdraw any funds from the Reinvestment Account unless (i) the withdrawn funds are promptly used to make a Qualifying Reinvestment and (ii) after giving effect to the withdrawal the aggregate principal amount of Revolving Obligations shall not exceed the sum of the Borrowing Base minus $1,000,000.
Reinvestment Account. If on any date the Lender or the Lessor shall receive any amount in respect of (a) any Qualified Payment, or (b) payments of Scheduled Rent in accordance with a Parcel Tranche Payment Schedule, or other principal payments, with respect to a Loan Payment Date which is not the last day of an Interest Period, then in any such case, the Lender or the Lessor, as the case may be, shall be required to pay such amount received (i) if no Event of Default shall have occurred and remain outstanding, to the Reinvestment Account (as hereinafter defined) to pay the principal balance of the Loan, or the respective Parcel Tranche, on the next Loan Payment Date which is also the last day of an Interest Period or (ii) if an Event of Default shall have occurred and remain outstanding, to apply and allocate the proceeds respecting this Section 3.7 in accordance with Section 3.5 hereof. Moneys received by the Lender in respect of amounts described in clauses (a) or (b) above shall be deposited into a separate account which the Lender shall establish in the name of the Lessor for the benefit of the Lender and the Lessee (the "Reinvestment Account"). Pending application as herein provided, such funds shall be invested in Permitted Investments as directed by the Lessee. Interest earned on the moneys held in the Reinvestment Account shall be for the account of the Lessee and shall be paid to the Lender and deposited in the Reinvestment Account. Funds held in the Reinvestment Account shall be applied, to the reduction (or payment in full) of the Parcel Tranche to which such payment relates (and any balance, and any amount so received which is not identified by the Lender to any Parcel Tranche, shall be applied to some or all of the Parcel Tranches as the Lender shall determine in its sole discretion) on the next succeeding Loan Payment Date which is the end of an Interest Period.
Reinvestment Account. The segregated non-interest bearing trust account established with the Indenture Trustee pursuant to Section 5.06.
Reinvestment Account. Notwithstanding the foregoing EqutiyCo may close such Accounts in its own name with the consent of the Administrative Agent provided (i) all DST Interests in any DST owned directly or indirectly by EquityCo have been syndicated or sold and (ii) there is no cash in such Accounts, subject to the terms and conditions of this Agreement.
Reinvestment Account. To the extent funds are available in the Reinvestment Accounts, and subject to Article 11 and the right of the Collateral Agent to exercise exclusive control of the Accounts to the extent set forth in the DACA Agreements, Borrowers shall, (i) on each Core Asset Closing Date on or prior to the expiration of the Reinvestment Period, disburse funds from the Reinvestment Accounts to the applicable Owned DST (or wholly owned Subsidiary) in an amount equal to the Required Equity Contribution for the Approved Core Asset to be purchased on such date as provided for in Section 2.3(b) and (ii) at the time of the expiration of the Reinvestment Period, transfer any remaining amounts in the Reinvestment Account Accounts to the applicable Collection Account.
Reinvestment Account. (a) The Securities Intermediary shall establish and maintain the Reinvestment Account in the name of the Securities Intermediary for the benefit of the Securityholders. The Reinvestment Account shall be held in one Eligible Deposit Account with a Qualified Institution in the form of an interest-bearing trust account wherein the moneys therein are invested in Permitted Investments. The Servicer will monitor the Reinvestment Account in accordance with its customary policies and procedures.
Reinvestment Account. The Trustee, for the benefit of Noteholders, --------------------- shall establish and maintain in the name of the Trustee a segregated trust account designated as the "FFCII 1998-A Reinvestment Account" bearing a designation clearly indicating that the funds therein are held for the benefit of Noteholders pursuant to this Agreement. Pursuant to authority granted to it pursuant to Section 14.1, the Trustee shall be authorized (absent instructions to the contrary from the Majority Holders) to accept instructions from the Servicer regarding the withdrawal of funds from the Reinvestment Account on the basis of the data provided to it by the Servicer and Issuer pursuant to Sections 2.4, 6.2, and 6.3 hereof.
Reinvestment Account. (a) The Issuer shall cause the Securities Intermediary to establish, on or prior to the Closing Date, a single, segregated trust account which shall be designated as the “Reinvestment Account,” which shall be held in trust in the name of the Issuer, on behalf of the Trustee, for the benefit of the Secured Parties and over which the Note Administrator shall have exclusive control and the sole right of withdrawal; provided, however, that the Note Administrator shall only withdraw such amounts as directed by the Issuer or the Collateral Manager on behalf of the Issuer. All amounts credited to the Reinvestment Account pursuant to Section 11.1(a)(ii) of this Indenture, Section 3.03(a)(viii) or 3.03(d)(vii) of the Servicing Agreement or otherwise shall be held by the Note Administrator as part of the Collateral and shall be applied to the purposes herein provided.
