Bank Proceeds Account definition

Bank Proceeds Account means the account referenced in Section 2.3.6 of the Disbursement Agreement and established pursuant to the Bank Company Collateral Account Agreement.

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Bank Proceeds Account as defined in the Disbursement Agreement.

Bank Proceeds Account means account number 899573596 in the name of OpCo established at JPMorgan Chase Bank, N.A. or such account in replacement or substitution thereof.

Examples of Bank Proceeds Account in a sentence

On or prior to the Closing Date, there shall be established at Deutsche Bank Trust Company Americas, as the Securities Intermediary, the Bank Proceeds Account pursuant to the Bank Company Collateral Account Agreement.
Upon the reduction of any Term B Delayed Draw Loan Commitments hereunder, a portion of the Applied Amount equivalent to the amount of such reduction shall be deposited into the Bank Proceeds Account.
The Bank Proceeds Account has been established with the Disbursement Agent, in its capacity as securities intermediary.
The Bank Secured Obligations shall be secured by (a) a first priority lien on and security interest in the Bank Proceeds Account Collateral and the Hotel/Casino Collateral and (b) subject to the lien and security interest of the FF&E Agent and FF&E Lenders in the FF&E Component Collateral, by a first priority lien on and security interest in the FF&E Component Collateral.
Investment income from Permitted Investments in amounts on deposit in the Bank Proceeds Account shall be deposited at all times therein until applied to the payment of Project Costs or in accordance with Sections 2.9(e) or 2.11, as applicable.

More Definitions of Bank Proceeds Account

Bank Proceeds Account means the account established by the Borrower with the Disbursement Agent pursuant to the Borrower Collateral Account Agreement into which the proceeds of the Loans shall be deposited by the Administrative Agent from time to time.

Bank Proceeds Account is defined in the Disbursement Agreement.

Bank Proceeds Account shall have the meaning assigned to such term in the First Lien Security Documents.

Bank Proceeds Account has the meaning assigned to such term in the Disbursement Agreement as in effect on the Issue Date.

Bank Proceeds Account means a deposit account of one or more of the Loan Parties at the Administrative Agent under the control of the Collateral Agent pursuant to a Bank Proceeds Account Control Agreement.

Bank Proceeds Account means Deposit Account number in the name of REG established at JPMorgan Chase Bank, N.A. or such other Deposit Account in replacement or substitution thereof.

Bank Proceeds Account. Interest Payment Account" and "Pre-Completion Revenues Account" are defined in the Disbursement Agreement.