Rental Accounts. Unless the Administrative Agent reasonably determines that for tax, regulatory or legal reasons or if a Lessee has requested that such amounts shall be deposited into another Rental Account (including any Non-Agent Account), with respect to any ACS Group Aircraft held by the ACS Bermuda Group, all Rental Payments, Maintenance Reserves that are not Segregated Funds and other amounts received pursuant to any Related Collateral Document related to such ACS Group Aircraft shall be deposited into the Bermuda Rental Account and, with respect to any ACS Group Aircraft held by the ACS Ireland Group, all Rental Payments, Maintenance Reserves that are net Segregated Funds and other amounts received pursuant to any Related Collateral Document related to such ACS Group Aircraft shall be deposited into the Irish Rental Account. Except with respect to amounts, if any, that for local tax or other regulatory or legal reasons must be retained on deposit or as to the transfer of which the Administrative Agent determines there is any substantial uncertainty all amounts shall be transferred to the Collections Account within three Business Days of their receipt (or, with respect to any Non-Agent Account or the Irish Rental Account, within three Business Days of their receipt). If the Administrative Agent determines that, for any tax or other regulatory or legal reason, any such Collections may not be deposited into an account in the name of the Collateral Agent, or if a Lessee has requested that all Payments be made to an account in the name of the applicable ACS Group Member, then, notwithstanding the requirements of Section 3.01(a) hereof, the relevant ACS Group Member may establish one or more Rental Accounts (each, a “Non-Agent Account”), for such Collections in its own name or in the name of a nominee or Facility Agent acting on its behalf (but subject to the direction and control of the Administrative Agent on behalf of the Collateral Agent) at any Eligible Institution provided that the ACS Group Member that is the lessor under the relevant Lease is or becomes a party to a Security Document with respect to such Account. Notwithstanding anything to the contrary set forth in this Section 3.01(g), if any ACS Group Member receives any “Rent Payment” or “Maintenance Payment” (as defined in the Purchase Agreement) attributable to the period prior to the Initial Closing Date, the Administrative Agent shall take appropriate actions so that the amount so attributable is paid to t...
Rental Accounts. The Cash Manager shall establish and maintain the Rental Accounts, and from time to time shall establish and maintain one or more additional Rental Accounts (including one or more Non-Trustee Accounts that, for tax or other regulatory or legal purposes, cannot be established in the name of the Security Trustee), each in accordance with Section 3.01(e) of the Indenture.
Rental Accounts. The Administrative Agent shall establish and maintain the Rental Accounts, and from time to time shall establish and maintain one or more additional Rental Accounts (including one or more Non-Trustee Accounts that, for tax or other regulatory or legal purposes, cannot be established in the name of the Security Trustee), each in accordance with Section 3.01(e) of the Indenture.
Rental Accounts. The Administrative Agent, acting on behalf of the Security Trustee, shall establish and maintain, on or prior to the applicable Closing Date and from time to time thereafter, one or more rental accounts (each, a "Rental Account") for the deposit of Rental Payments and any amounts received pursuant to any Related Collateral Documents; provided that all funds on deposit in each Rental Account (other than certain limited amounts, if any, required to be left on deposit for local tax or other regulatory or legal reasons) shall be transferred by the Administrative Agent or its agent from such Rental Account into the Collection Account within one Business Day of receipt thereof. Each Rental Account (other than the Non-Trustee Accounts) shall be established and maintained at the Operating Bank (in which case such Rental Account shall be a trust account), another Eligible Institution or a responsible and reputable bank in accordance with Section 2.04 of the Administrative Agency Agreement in the name of the Security Trustee on behalf of the Secured Parties. In each case in which, for tax or other regulatory or legal reasons, any Rental Account cannot be established in the name of the Security Trustee, then, upon written notice from the Administrative Agent to the Security Trustee and each Rating Agency, the Issuer and any related Issuer Subsidiary shall open such Rental Account (each, a "Non-Trustee Account") in the name of the relevant Issuer or Lessor or such other Person as may be specified by the terms of the relevant Lease, at an Eligible Institution or other reputable and responsible bank; provided that no Non-Trustee Account may be opened unless the relevant Lessor is or becomes a party to a Security Document.
Rental Accounts. All Rental Payments and other amounts received pursuant to any Related Collateral Document shall be deposited into the applicable Rental Account (including any Non-Trustee Account). Except with respect to amounts, if any, that for local tax or other regulatory or legal reasons must be retained on deposit or as to the transfer of which the Cash Manager determines (based on information provided to the Cash Manager in a Written Notice from the Financial Administrative Agent) there is any substantial uncertainty, all amounts so deposited shall, within one Business Day of their receipt, be transferred by the Cash Manager to the Collections Account. If the Cash Manager determines (based on information provided to the Cash Manager in a Written Notice from the Financial Administrative Agent) that, for any tax or other regulatory or legal reason, any such Collections may not be deposited into an account in the name of the Security Trustee, then, notwithstanding the requirements of Section 3.01(a), the relevant Issuer Group Member may establish one or more Rental Accounts (a “Non-Trustee Account”) for such Collections in its own name (but subject to the direction and control of the Cash Manager on behalf of the Security Trustee) at any Eligible Institution provided that the Lessor under the relevant Lease is or becomes a party to a Security Document with respect to such Account.
Rental Accounts. All Rental Payments, Additional Rent and other amounts received pursuant to any Related Collateral Document shall be deposited into the applicable Rental Account (including any Non-Trustee Account). Except with respect to amounts, if any, that for local tax or other regulatory or legal reasons must be retained on deposit or as to the transfer of which the Cash Manager determines there is any substantial uncertainty, all amounts so deposited shall, within one Business Day of their receipt (or with respect to any Non-Trustee Account, within three Business Days of their receipt), be transferred by the Cash Manager to the Collections Account. If the Cash Manager determines that, for any tax or other regulatory or legal reason, any such Collections may not be deposited into an account in the name of the Security Trustee, then, notwithstanding the requirements of Section 3.01(a), the relevant Issuer Group Member may establish one or more Rental Accounts (each, a “Non-Trustee Account”) for such Collections in its own name (but subject to the direction and control of the Cash Manager on behalf of the Security Trustee) at any Eligible Institution; provided that the Issuer Group member that is the lessor under the relevant Lease is or becomes a party to a Security Document with respect to such Account.
Rental Accounts. All Rental Payments, Additional Rent and other amounts received pursuant to any Related Collateral Document shall be deposited into the applicable Rental Account (including any Non-Trustee Account). Except with respect to Additional Rent and amounts, if any, that for local tax or other regulatory or legal reasons must be retained on deposit or as to the transfer of which the Cash Manager determines there is any substantial uncertainty, all amounts so deposited shall, within one Business Day of their receipt (or with respect to any Non-Trustee Account, within three Business Days of their receipt), be transferred by the Cash Manager to the Collections Account. All Additional Rent amounts so deposited in the applicable Rental Account shall, within three Business Days of their receipt (or with respect to any Non-Trustee Account, within four Business Days of their receipt), except as otherwise provided in Section 3.01(q), be deposited into the Budgeted Cash Account in amounts such that the aggregate amount on deposit therein is at least equal to the then Budgeted Cash Requirement, and the balance, if any, to the Collections Account for application in accordance with Section 3.09. In the event that there is a Budgeted Cash Shortfall with respect to any Payment Date and as a result a Budgeted Cash Shortfall Drawing is made under the Initial Liquidity Facility, any Additional Rent amounts subsequently received shall be applied by the Cash Manager first to repay any outstanding Budgeted Cash Shortfall Drawings (including interest thereon) until paid in full, and the balance, if any, shall be transferred to the Budgeted Cash Account, except as otherwise provided in Section 3.01(q). If the Cash Manager determines that, for any tax or other regulatory or legal reason, any such Collections may not be deposited into an account in the name of the Security Trustee, then, notwithstanding the requirements of Section 3.01(a), the relevant Issuer Group Member may establish one or more Rental Accounts (a “Non-Trustee Account”) for such Collections in its own name (but subject to the direction and control of the Cash Manager on behalf of the Security Trustee) at any Eligible Institution provided that the Issuer Group member that is the lessor under the relevant Lease is or becomes a party to a Security Document with respect to such Account.
Rental Accounts. [Intentionally deleted]
