Examples of Cash Management Account in a sentence

Any actual, reasonable cost and expenses due and payable to Lender may be paid from any amounts in the Clearing Account or Cash Management Account, as applicable.
Borrower hereby grants to Lender a first priority security interest in the Cash Management Account and all deposits at any time contained therein and the proceeds thereof and shall take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Cash Management Account, including, at Lxxxxx’s request, filing UCC-1 Financing Statements and continuations thereof.
Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account and all reasonable costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

More Definitions of Cash Management Account

Cash Management Account shall have the meaning set forth in the Mortgage Loan Agreement.

Cash Management Account has the meaning set forth in Section 3.1(a).

Cash Management Account shall have the meaning set forth in the Cash Management Agreement.

Cash Management Account means one or more deposit, demand deposit or similar accounts or any securities account administered by NMAC, into which a Dealer may, from time to time, pursuant to a cash management agreement between NMAC and such Dealer, deposit funds for the purpose of reducing the balance on which interest accrues under the Floorplan Financing Agreement between NMAC and such Dealer.

Cash Management Account means a segregated interest bearing account, in the name of Buyer, established at the Depository.

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