Expense Account definition

Expense Account. The account established and maintained pursuant to Section 3.25.

Expense Account has the meaning given to such term in Section 3.01(a) hereof.

Expense Account. The expense account established and maintained by the Trustee in accordance with Section 6.03 hereof.

Examples of Expense Account in a sentence

Any and all funds at any time on deposit in, or otherwise to the credit of, the Closing Expense Account shall be held by the Collateral Agent for the benefit of the Secured Parties.
Upon the delivery on any date that is at least 60 days after the Closing Date of a Borrower Order instructing the Collateral Agent to close the Closing Expense Account, all funds in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds and the Closing Expense Account will be closed.
Any income earned on amounts deposited in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds as it is received.
On or prior to the Closing Date, the Borrower shall deposit or cause to be deposited approximately $5,889,500.00 into the Closing Expense Account.
The Collateral Agent agrees to give the Borrower and the Servicer immediate notice if an Administrative Officer of the Collateral Agent obtains actual knowledge of or receives written notice that the Closing Expense Account or any funds on deposit therein, or otherwise to the credit of the Closing Expense Account, shall become subject to any writ, order, judgment, warrant of attachment, execution or similar process.

Expense Account. The account established pursuant to Section 10.7(a) hereof.

Expense Account has the meaning given to such term in Section 3.01(a).

Expense Account. The account established pursuant to Section 10.3(c).

Expense Account means the account designated as such pursuant to Section 5.1 of the Transfer and Servicing Agreement.

Expense Account has the meaning set forth in Section 7.5(e).

Expense Account means the account established pursuant to Section 5.03 hereof.

Expense Account means the account established pursuant to the provisions of Section 6.4.