Borrower Deposit Account definition

Borrower Deposit Account shall have the meaning set forth in the Mortgage Loan Agreement.
Sample 1Sample 2Sample 3
Borrower Deposit Account means that certain deposit account of the Borrower at the Dallas, Texas Main Street location of NationsBank, N.A. on which the Administrative Agent, on behalf of the Lenders, has a first and prior Lien and security interest to secure the Obligations hereunder.
Sample 1Sample 2
Borrower Deposit Account means the account held in the name of the Borrower with The Industrial Bank of Japan, Ltd., Japan;
Sample 1Sample 2

Examples of Borrower Deposit Account in a sentence

  • All costs and expenses for establishing and maintaining the Blocked Account, Borrower Deposit Account, Cash Management Account or Working Capital Account shall be paid by Mortgage Borrower, Senior Mezzanine Borrower or Borrower.

  • All costs and expenses for establishing and maintaining the Blocked Account, Cash Management Account, Borrower Deposit Account or Working Capital Account shall be paid by Mortgage Borrower, Senior Mezzanine Borrower or Borrower.

  • Establish any new bank accounts, or attempt to amend or terminate any Lockbox Agreement or other agreement required under subsection 2.4(A) or relating to the Collection Account or any Borrower Deposit Account, except as expressly permitted by Section 2.4(A)(4), without Collateral Agent's prior written consent.

  • The Borrower hereby covenants that prior to the release of the Advance held in the Borrower Deposit Account to the Seller it will deliver to the Agent each of the documents specified in Part 2 of the First Schedule and in both form and substance satisfactory to the Agent.

  • IBM does not warrant uninterrupted or error-free operation of any Service or that IBM will correct all defects.

  • The wider view that donors are able to take can counter the tendency of national governments to overlook such areas.

  • On the date hereof, Borrower shall deposit $7,500,000 (the “Capital Reserve Funds”) into a Subaccount of the Borrower Deposit Account (the “Capital Reserve Subaccount”).

  • All payments made by the counterparty to the Interest Rate Protection Agreement shall be deposited into the Borrower Deposit Account and applied in the same manner as Rents are applied under Section 3.12.

  • Borrower shall pay, or cause to be paid, to Lender all Proceeds or Awards due to any Casualty or Condemnation to be transferred to a Subaccount of the Borrower Deposit Account (the “Casualty/Condemnation Subaccount”) in accordance with the provisions of Section 7.

  • Species strength is the quantitative extension of species degree, and can be defined as the sum of dependences of the animals on the plant (D) and the plants on the ani- mal (E).


More Definitions of Borrower Deposit Account

Borrower Deposit Account means, individually or collectively as the context indicates, those certain segregated Eligible Accounts established by or on behalf of each Borrower with a Deposit Account Bank.
Sample 1

Related to Borrower Deposit Account

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.