Embassy Property definition
Examples of Embassy Property in a sentence
Until deposited into the applicable Embassy Property Account, any Gross Income from Operations from the Embassy Properties held by Borrowers shall be deemed to be Collateral and shall be held in trust by it for the benefit, and as the property, of Administrative Agent for the benefit of the Secured Parties and shall not be commingled with any other funds or property of Borrowers or any other Person.
Upon receipt by any Property Account Bank maintaining a Embassy Property Account of a Lockbox Trigger Event Notice, and for so long as such Property Account Bank has not received a Lockbox Trigger Event Cure Notice, such Property Account Bank shall, pursuant to the applicable Embassy Property Account Agreement, cause all funds on deposit in any Embassy Property Account to be deposited into the Lockbox Account on each Business Day.
Within ten days of the award of this BPA, the BPA holder shall provide the Embassy Property Supervisor with the name and contact information (minimum of telephone number and e•mail address) of a BPA holder representative who will supervise its deliveries and serve as its Point-of-Contact (POC) with the U.S. Government.