Casualty and Condemnation Account definition

Casualty and Condemnation Account shall have the meaning set forth in the Cash Management Agreement.
Casualty and Condemnation Account shall have the meaning set forth in Section 6.6.
Casualty and Condemnation Account means an Account into which any Net Proceeds collected after the occurrence of a Casualty or Condemnation, as required pursuant to Article 5 hereof, shall be deposited.

Examples of Casualty and Condemnation Account in a sentence

  • Notwithstanding the foregoing provisions of this Article 5 to the contrary: (a) Subject to Section 5.5(b), payments received on account of the business interruption insurance specified in Section 5.1(a)(iii) above shall be deposited directly into the Casualty and Condemnation Account.


More Definitions of Casualty and Condemnation Account

Casualty and Condemnation Account shall have the meaning set forth in Section 6.6. “Casualty and Condemnation Funds” shall have the meaning set forth in Section 6.6. “Casualty Consultant” shall have the meaning set forth in Section 5.3.2(c). “Casualty Retainage” shall have the meaning set forth in Section 5.3.2(d). “Central Bank Pledge” shall have the meaning set forth in Section 9.1.1. “Clearing Account” shall have the meaning set forth in Section 6.1(a)(i). “Clearing Account Agreement” shall mean that certain Deposit Account Control Agreement dated as of the Original Closing Date by and among Borrower, Administrative Agent, for the benefit of Lenders, and Clearing Bank. “Clearing Bank” shall mean Xxxxx Fargo, National Association or any successor pursuant to the terms and provisions hereof. “Closing Date” shall mean the date hereof. “Co-Lender Agreement” shall have the meaning set forth in Section 9.5. “Code” shall mean the Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form. “Collateral” shall mean the Property, Improvements and any personal property or other collateral with respect to which a Lien or security interest was granted to Administrative Agent, for the benefit of Lenders, pursuant to the Loan Documents. “Commitment” shall mean, as to each Lender, such Xxxxxx’s obligation to make disbursements pursuant to this Agreement, in an amount up to, but not exceeding the amount set forth for such Lender on Schedule I attached hereto as such Xxxxxx’s “Commitment Amount” or as otherwise agreed by the applicable Lenders. For the purposes of clarification, the Commitment
Casualty and Condemnation Account. Cash Management Agreement "Casualty Consultant" - Section 5.3.2(c) "Casualty Retainage" - Section 5.3.2(d) "Clearing Account" - Section 6.1 "Clearing Bank" - Section 6.1 "Debt Service Account" - Cash Management Agreement "Defeasance Collateral Account" - Section 2.5.2 "Defeasance Date" - Section 2.5.1(a)(i) "Defeasance Event" - Section 2.5.1(a) "Defeased Note" - Section 2.5.1(a) "Deposit Account" - Section 6.1 "Disclosure Document" - Section 9.2(a) "Disclosure Document Date" - Section 9.1(c)(iv) "Easements" - Section 3.1.12 "Equipment" - Mortgage "ERISA" - Section 4.2.13 March 31, 2003
Casualty and Condemnation Account as defined in SECTION 2.1(h).
Casualty and Condemnation Account means an Account into which any Net Proceeds collected after the occurrence of a Casualty or Condemnation, as required pursuant to Article 5 hereof, shall be deposited. “Casualty Consultant” shall have the meaning set forth in Section 5.4 hereof. “Change in Law” shall mean the occurrence, after the Closing Date, of any of the following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (iii) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority. “Clearing Account” shall have the meaning set forth in Section 8.1 hereof. “Clearing Account Agreement” shall mean, each individually or collectively, as the context may require, those certain Deposit Account Control Agreements (Hard Agreement) by and among the applicable Borrower, Lender and PNC Bank, National Association dated as of the date hereof, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof. “CFIUS” shall mean (i) the Committee on Foreign Investment in the United States first established pursuant to Executive Order 11858 of May 7, 1975, and (ii) any replacement or successor thereto, including, without limitation, pursuant to FIRRMA.

Related to Casualty and Condemnation Account

  • Condemnation Event means any act of taking by a public or quasi-public authority through condemnation, reverse condemnation or eminent domain.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.