Hotel Account definition

Hotel Account shall have the meaning set forth in Section 7.1.
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Hotel Account has the meaning specified in Section 2.15.
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Hotel Account means the “Operating Account” as defined in the Management Agreement.
Sample 1

Examples of Hotel Account in a sentence

  • From and after the Management Commencement Date, Lessee shall, if and as required, maintain cash in the Hotel Account (“Operating Funds”) sufficient in amount to enable Manager to properly manage and operate the Hotels.

  • Out of the Hotel Account, Manager shall periodically withdraw funds and pay all operating expenses of the Hotels and any fees or compensation of any kind due it pursuant to this Agreement in accordance with the provisions of this Agreement.

  • Manager may utilize its centralized disbursement accounts in its name for accounts payable and payroll disbursements, provided that Manager shall only transfer the necessary amount of funds from the Hotel Account to such centralized disbursement accounts required to make such disbursements on behalf of the Hotels.

  • If the Loan Documents do not require such a reserve, then, as part of the Hotel Account, there shall be established the Reserve Fund in the manner hereinafter described.

  • Out of the Hotel Account, the Management Parties shall periodically withdraw funds and pay all operating expenses of the Hotels and any fees or compensation of any kind due to them pursuant to this Agreement in accordance with the provisions of this Agreement.

  • Decommissioning costs are based on estimated costs to reclaim and abandon crude oil properties and the estimated timing of the costs to be incurred in future years, discounted using an annual risk-free rate between 1.10% to 3.09% per annum and inflated using an inflation rate of 2.0% per annum.

  • These Trade Rules and Regulations and the terms contained in the Participant Application, the Agreement for the Greenapple Trade Network, the Participant Statement of Products/Services Offered, and the Rules, Policies, and Fees as set forth on the Participant’s Monthly GBS statement, contain the entire agreement between Participant and GBS.

  • The Management Parties may utilize their respective centralized disbursement accounts in their respective names for accounts payable and payroll disbursements, provided that the Management Parties shall only transfer the necessary amount of funds from the Hotel Account to such centralized disbursement accounts required to make such disbursements on behalf of the Hotels.

  • A deposit account shall be established in the name of the Hotel at a Bank to be designated by MATCH (the "Hotel Account").

  • In the event the Hotel Bank can no longer maintain the Borrower Hotel Account as an Eligible Account, Lender shall have the right to cause the Borrower Hotel Account to be moved to a depositary institution, reasonably acceptable to Lender, that can maintain same as an Eligible Account.


More Definitions of Hotel Account

Hotel Account means the bank account or accounts held by the Owner, into which AMR and the Owner shall deposit the Gross Revenues of the Hotel and from which the Owner, either directly or through the Officers, shall make the deposits required to be made to the Operating Account pursuant to the provisions of this Agreement, provided that such deposit will be subject to the right of set-off of AMR pursuant to Clause Seven (F) of this Agreement.
Sample 1
Hotel Account means the Account by that name within the Construction Fund established and designated s such by Section 5.02 of this Trust Agreement.
Sample 1

Related to Hotel Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

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

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Direct Account : means any Account which is not an ISA Account.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

  • Property Account has the meaning set forth in Section 2.8(c).

  • Investment Account As defined in Section 3.12(a).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).