Collateral Account Funds definition

Collateral Account Funds means, collectively, the following: all funds (including all trust monies), investments (including all Permitted Investments) credited to, or purchased with funds from, any Collateral Account and all certificates and instruments from time to time representing or evidencing such investments; all notes, certificates of deposit, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of any Grantor in substitution for, or in addition to, any or all of the Collateral; and all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the items constituting Collateral.
Collateral Account Funds means, collectively, the funds on deposit in any or all of the Collateral Accounts, including the Reserve/Escrow Account Funds.

Examples of Collateral Account Funds in a sentence

Bank hereby subordinates to the security interest of Secured Party in the Collateral Accounts (i) any security interest which Bank may have or acquire in the Collateral Accounts, and (ii) any right which Bank may have or acquire to set off or otherwise apply any Collateral Account Funds against the payment of any indebtedness from time to time owing to Bank from Company, except for debits to the Collateral Accounts permitted under this Agreement for the payment of Returned Item Amounts or Bank Fees.

This Agreement, together with the Account Documentation, contains the entire and only agreement among all the parties to this Agreement and between Bank and Company and Servicer, on the one hand, and Bank and Secured Party, on the other hand, with respect to (a) the interest of Secured Party in the Collateral Accounts and Collateral Account Funds, and (b) Bank’s obligations to Secured Party in connection with the Collateral Accounts and Collateral Account Funds.

Unless separately agreed to in writing by Secured Party, Company and Servicer each agrees that it will not be able to make debits or withdrawals from or otherwise have access to the Collateral Accounts or any Collateral Account Funds, and that Secured Party will have exclusive access to the Collateral Accounts and Collateral Account Funds.

This Agreement, together with the Account Documentation, contains the entire and only agreement among all the parties to this Agreement and between Bank and Company, on the one hand, and Bank and Secured Party, on the other hand, with respect to (a) the interest of Secured Party in the Collateral Accounts and Collateral Account Funds, and (b) Bank’s obligations to Secured Party in connection with the Collateral Accounts and Collateral Account Funds.

Nothing in this Loan Agreement shall obligate Lender to apply all or any portion of the Reserve/Escrow Account Funds or Collateral Account Funds on account of any Event of Default by Borrower or to repayment of the Indebtedness or in any specific order of priority.


More Definitions of Collateral Account Funds

Collateral Account Funds means, collectively, the funds on deposit in any or all of the Collateral Accounts, including the Reserve/Escrow Account Funds and the “Reserve/Escrow Account Funds,” the “Collateral Account Funds” and/or any funds on deposit in the “Replacement Reserve,” as such terms may be defined in the Senior Loan Documents, and any similar funds on deposit in a Collateral Account.
Collateral Account Funds and “Collateral Accounts” in the Definitions Schedule are hereby deleted and restated in their entirety to read as follows:
Collateral Account Funds means, collectively, the funds on deposit in any or all of the Collateral Accounts, including the Reserve/Escrow Account Funds. Fannie Mae 08-13 © 2013 Fannie Mae
Collateral Account Funds means, collectively, the funds on deposit in any or all of the Collateral Accounts, including the ReservelEscrow Account Funds. "Collateral Accounts" means any account designated as such by Lender pursuant to a Collateral Agreement or as established pursuant to this Loan Agreement, including the ReservelEscrow Account. "Collateral Agreement" means any separate agreement between Borrower and Lender and any other party for the establishment of any other fund, reserve or account affecting the Mortgage Loan. "Completion Period" has the meaning set forth in the Summary of Loan Terms. "Condemnation Action" has the meaning set forth in the Security Instrument. "Control" (including with correlative meanings, such as "Controlling," "Controlled by" and "under common Control with") means, as applied to any entity, the possession, directly or indirectly, of the power to direct or cause the direction of the management and operations of such entity, whether through the ownership of voting securities or other ownership interests, by contract or otherwise. Schedule I to Multifamily Loan and Security Agreement - Definitions Schedule (Interest Rate Type - SARM) Form 610l.SARM Page 3 Fannie Mae _-17 IC 2017 Fannie Mae
Collateral Account Funds means, collectively, the following from time to time on deposit in the Collateral Account: all funds (including, without limitation, all Trust Monies), investments (including, without limitation, all Cash Equivalents) and all certificates and instruments from time to time representing or evidencing such investments; all notes, certificates of deposit, checks and other instruments and all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed thereon.